Stephens Inc. AR Sells 5,728 Shares of The Cigna Group (NYSE:CI)

Stephens Inc. AR lessened its stake in The Cigna Group (NYSE:CI) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,857 shares of the health services provider’s stock after selling 5,728 shares during the period. Stephens Inc. AR’s holdings in The Cigna Group were worth $2,170,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. AMF Tjanstepension AB boosted its holdings in shares of The Cigna Group by 18.6% in the third quarter. AMF Tjanstepension AB now owns 73,600 shares of the health services provider’s stock worth $25,511,000 after buying an additional 11,550 shares during the last quarter. Exchange Traded Concepts LLC raised its position in The Cigna Group by 5,543.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,700 shares of the health services provider’s stock worth $1,975,000 after acquiring an additional 5,599 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in shares of The Cigna Group by 1.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,234 shares of the health services provider’s stock worth $774,000 after acquiring an additional 39 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of The Cigna Group during the 3rd quarter valued at $149,000. Finally, CX Institutional grew its position in shares of The Cigna Group by 115.4% during the 3rd quarter. CX Institutional now owns 33,315 shares of the health services provider’s stock valued at $11,542,000 after acquiring an additional 17,852 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CI shares. Raymond James reiterated a “strong-buy” rating and set a $360.00 target price (down from $415.00) on shares of The Cigna Group in a research report on Friday, January 31st. Truist Financial lowered their price objective on The Cigna Group from $390.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Sanford C. Bernstein downgraded shares of The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 price target on the stock. in a report on Thursday, February 6th. Finally, UBS Group reduced their price objective on shares of The Cigna Group from $410.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $373.69.

The Cigna Group Trading Up 0.9 %

Shares of The Cigna Group stock opened at $295.46 on Wednesday. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $288.96 and a 200-day moving average price of $322.16. The firm has a market cap of $82.18 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 0.94 and a beta of 0.54.

The Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same period in the previous year, the firm posted $6.79 EPS. Equities research analysts anticipate that The Cigna Group will post 29.8 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $1.51 per share. This is an increase from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date is Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a yield of 2.04%. The Cigna Group’s dividend payout ratio is presently 45.75%.

The Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.