The Cigna Group (NYSE:CI) Position Increased by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. raised its stake in The Cigna Group (NYSE:CI) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,157 shares of the health services provider’s stock after buying an additional 2,837 shares during the period. The Cigna Group makes up about 5.0% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 12th largest holding. Wilsey Asset Management Inc.’s holdings in The Cigna Group were worth $27,105,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ulland Investment Advisors LLC increased its position in shares of The Cigna Group by 2,500.0% in the third quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in The Cigna Group in the 3rd quarter worth approximately $37,000. ORG Wealth Partners LLC purchased a new position in The Cigna Group during the 4th quarter worth approximately $34,000. Harbor Capital Advisors Inc. acquired a new stake in The Cigna Group during the 3rd quarter valued at $45,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of The Cigna Group in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Stock Down 0.2 %

Shares of The Cigna Group stock opened at $286.67 on Monday. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83. The stock has a market capitalization of $79.74 billion, a P/E ratio of 23.42, a PEG ratio of 0.94 and a beta of 0.54. 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 stock has a 50 day moving average price of $289.85 and a two-hundred day moving average price of $322.63.

The Cigna Group (NYSE:CI) last posted its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $6.79 earnings per share. Equities analysts expect that The Cigna Group will post 29.8 earnings per share for the current year.

The Cigna Group Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.11%. The Cigna Group’s dividend payout ratio is presently 45.75%.

Wall Street Analyst Weigh In

CI has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Barclays dropped their target price on The Cigna Group from $420.00 to $339.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Oppenheimer decreased their price target on shares of The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a report on Friday, January 31st. StockNews.com lowered shares of The Cigna Group from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Sanford C. Bernstein lowered shares of The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 target price for the company. in a research note on Thursday. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $373.69.

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.