Ellsworth Advisors LLC Has $5.21 Million Stock Holdings in The Cigna Group (NYSE:CI)

Ellsworth Advisors LLC raised its stake in The Cigna Group (NYSE:CI) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,864 shares of the health services provider’s stock after buying an additional 3,697 shares during the quarter. The Cigna Group comprises approximately 1.4% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Ellsworth Advisors LLC’s holdings in The Cigna Group were worth $5,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust boosted its position in shares of The Cigna Group by 7.0% during the fourth quarter. Grove Bank & Trust now owns 1,803 shares of the health services provider’s stock worth $498,000 after buying an additional 118 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of The Cigna Group by 16.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,397 shares of the health services provider’s stock worth $386,000 after purchasing an additional 198 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in The Cigna Group by 32.7% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,200 shares of the health services provider’s stock worth $608,000 after purchasing an additional 542 shares during the last quarter. Alhambra Investment Management LLC grew its holdings in shares of The Cigna Group by 4.8% in the 4th quarter. Alhambra Investment Management LLC now owns 2,725 shares of the health services provider’s stock valued at $752,000 after acquiring an additional 125 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of The Cigna Group by 3.8% in the fourth quarter. Arkadios Wealth Advisors now owns 4,031 shares of the health services provider’s stock valued at $1,113,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $410.00 target price on shares of The Cigna Group in a research note on Friday, November 1st. Royal Bank of Canada decreased their target price on The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Barclays raised their price target on The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and issued a $394.00 price objective (up from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $395.93.

The Cigna Group Trading Up 1.1 %

Shares of CI stock opened at $284.16 on Monday. The stock has a 50 day simple moving average of $301.37 and a 200 day simple moving average of $326.79. The Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. 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 cap of $79.04 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 0.75 and a beta of 0.54.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same period in the prior year, the firm posted $6.77 EPS. The Cigna Group’s quarterly revenue was up 29.8% on a year-over-year basis. On average, research analysts predict that The Cigna Group will post 28.5 earnings per share for the current fiscal year.

The Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, December 4th. The Cigna Group’s dividend payout ratio (DPR) is presently 52.83%.

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.