The Cigna Group (NYSE:CI) Stock Holdings Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in The Cigna Group (NYSE:CI) by 1.9% during the third quarter, HoldingsChannel.com reports. The fund owned 7,141 shares of the health services provider’s stock after buying an additional 132 shares during the period. Advisors Asset Management Inc.’s holdings in The Cigna Group were worth $2,474,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CI. CreativeOne Wealth LLC acquired a new stake in The Cigna Group during the 1st quarter worth about $454,000. BOKF NA raised its holdings in shares of The Cigna Group by 14.3% during the first quarter. BOKF NA now owns 5,381 shares of the health services provider’s stock valued at $1,959,000 after acquiring an additional 673 shares during the period. SVB Wealth LLC lifted its position in shares of The Cigna Group by 5.2% in the 1st quarter. SVB Wealth LLC now owns 9,554 shares of the health services provider’s stock valued at $3,470,000 after acquiring an additional 474 shares in the last quarter. Redmile Group LLC acquired a new position in The Cigna Group in the 1st quarter worth approximately $23,765,000. Finally, Waverly Advisors LLC grew its position in The Cigna Group by 132.5% during the 1st quarter. Waverly Advisors LLC now owns 4,829 shares of the health services provider’s stock worth $1,754,000 after purchasing an additional 2,752 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on The Cigna Group from $435.00 to $438.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Stephens restated an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Barclays boosted their price objective on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $394.64.

The Cigna Group Trading Down 0.5 %

Shares of NYSE:CI opened at $328.45 on Friday. The Cigna Group has a 1 year low of $253.95 and a 1 year high of $370.83. The firm has a fifty day moving average price of $335.43 and a 200 day moving average price of $338.82. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $91.36 billion, a PE ratio of 30.99, a P/E/G ratio of 0.99 and a beta of 0.51.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The business had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same quarter in the prior year, the firm posted $6.77 EPS. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts expect that The Cigna Group will post 28.5 EPS for the current fiscal year.

The Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, December 4th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, December 4th. The Cigna Group’s dividend payout ratio is currently 52.83%.

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.