The Cigna Group (NYSE:CI) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in The Cigna Group (NYSE:CI) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,247 shares of the health services provider’s stock after selling 2,323 shares during the quarter. Amalgamated Bank’s holdings in The Cigna Group were worth $14,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Prospera Private Wealth LLC acquired a new stake in The Cigna Group in the third quarter valued at $37,000. Collier Financial purchased a new stake in shares of The Cigna Group in the 4th quarter worth about $32,000. ORG Wealth Partners LLC acquired a new stake in The Cigna Group in the 4th quarter valued at about $34,000. Harbor Capital Advisors Inc. purchased a new position in The Cigna Group during the 3rd quarter valued at about $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in The Cigna Group during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Stock Performance

Shares of CI stock opened at $314.24 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The company has a market cap of $87.41 billion, a PE ratio of 25.67, a P/E/G ratio of 0.98 and a beta of 0.54. The company’s fifty day simple moving average is $287.88 and its 200-day simple moving average is $319.07. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83.

The Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 EPS 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 business earned $6.79 earnings per share. As a group, equities research analysts anticipate that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $1.51 per share. The ex-dividend date is Wednesday, March 5th. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 annualized dividend and a yield of 1.92%. The Cigna Group’s payout ratio is 49.35%.

Analysts Set New Price Targets

Several analysts have recently commented on CI shares. Truist Financial lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft lowered their target price on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company cut their price target on 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. Oppenheimer decreased their price objective on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, Royal Bank of Canada set a $355.00 target price on shares of The Cigna Group in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $372.31.

The Cigna Group 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.