Tradewinds LLC. Has $5.14 Million Holdings in The Cigna Group (NYSE:CI)

Tradewinds LLC. grew its holdings in shares of The Cigna Group (NYSE:CI) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,846 shares of the health services provider’s stock after acquiring an additional 731 shares during the quarter. The Cigna Group accounts for approximately 1.6% of Tradewinds LLC.’s investment portfolio, making the stock its 22nd largest position. Tradewinds LLC.’s holdings in The Cigna Group were worth $5,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of The Cigna Group during the 1st quarter valued at $101,000. CreativeOne Wealth LLC acquired a new stake in shares of The Cigna Group during the first quarter valued at about $454,000. Capital World Investors grew its holdings in shares of The Cigna Group by 0.6% during the first quarter. Capital World Investors now owns 1,186,982 shares of the health services provider’s stock worth $431,100,000 after purchasing an additional 6,549 shares during the last quarter. Linscomb Wealth Inc. increased its stake in shares of The Cigna Group by 0.4% in the first quarter. Linscomb Wealth Inc. now owns 10,261 shares of the health services provider’s stock valued at $3,727,000 after buying an additional 43 shares during the period. Finally, LRI Investments LLC bought a new position in The Cigna Group in the 1st quarter valued at approximately $1,831,000. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

CI has been the subject of several analyst reports. Stephens reiterated an “overweight” rating and set a $410.00 price target on shares of The Cigna Group in a report on Friday, November 1st. Barclays lifted their target price on The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on 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. Jefferies Financial Group increased their target price on shares of The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada dropped their price target on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $394.64.

The Cigna Group Price Performance

CI stock opened at $323.36 on Thursday. The Cigna Group has a 1 year low of $253.95 and a 1 year high of $370.83. The stock has a market capitalization of $89.94 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.51. The company’s 50-day moving average is $336.78 and its 200-day moving average is $339.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The firm had revenue of $63.70 billion during the quarter, compared to analysts’ expectations of $59.58 billion. During the same period last year, the company earned $6.77 earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. Equities research 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. Shareholders of record on Wednesday, December 4th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.60 annualized dividend and a yield of 1.73%. The Cigna Group’s dividend payout ratio (DPR) is 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.