Country Club Bank Has $4.11 Million Stake in The Cigna Group (NYSE:CI)

Country Club Bank reduced its stake in The Cigna Group (NYSE:CI) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,816 shares of the health services provider’s stock after selling 229 shares during the quarter. Country Club Bank’s holdings in The Cigna Group were worth $4,108,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in The Cigna Group by 240.8% in the 4th quarter. Wellington Management Group LLP now owns 16,674 shares of the health services provider’s stock valued at $4,993,000 after buying an additional 11,782 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of The Cigna Group by 7.5% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,484 shares of the health services provider’s stock valued at $539,000 after purchasing an additional 104 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of The Cigna Group by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,778 shares of the health services provider’s stock worth $12,631,000 after purchasing an additional 3,066 shares during the period. Transform Wealth LLC acquired a new position in shares of The Cigna Group during the 1st quarter worth about $233,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in The Cigna Group during the 1st quarter valued at approximately $291,000. Institutional investors own 86.99% of the company’s stock.

Insider Activity at The Cigna Group

In other The Cigna Group news, Director William J. Delaney III sold 2,691 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $342.68, for a total value of $922,151.88. Following the transaction, the director now owns 17,539 shares of the company’s stock, valued at approximately $6,010,264.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CI. JPMorgan Chase & Co. upped their price target on The Cigna Group from $435.00 to $438.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Stephens reiterated an “overweight” rating and set a $410.00 target price on shares of The Cigna Group in a research note on Friday, August 2nd. StockNews.com upgraded shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $384.00 price objective on shares of The Cigna Group in a research report on Monday, September 9th. Finally, Jefferies Financial Group lifted their target price on The Cigna Group from $402.00 to $422.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $392.79.

The Cigna Group Stock Performance

The Cigna Group stock opened at $316.78 on Friday. The firm has a market capitalization of $89.99 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.05 and a beta of 0.50. The stock has a fifty day moving average price of $349.48 and a two-hundred day moving average price of $343.22. The Cigna Group has a 52-week low of $253.95 and a 52-week high of $370.83. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71.

The Cigna Group (NYSE:CI) last announced its earnings results on Thursday, August 1st. The health services provider reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.42 by $0.30. The business had revenue of $60.52 billion during the quarter, compared to analysts’ expectations of $58.30 billion. The Cigna Group had a net margin of 1.70% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $6.13 EPS. As a group, analysts anticipate that The Cigna Group will post 28.48 EPS for the current fiscal year.

The Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, December 4th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.60 dividend on an annualized basis and a yield of 1.77%. The Cigna Group’s dividend payout ratio (DPR) is presently 45.98%.

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.