The Cigna Group (NYSE:CI) Shares Sold by ING Groep NV

ING Groep NV lowered its position in shares of The Cigna Group (NYSE:CI) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,526 shares of the health services provider’s stock after selling 1,861 shares during the quarter. ING Groep NV’s holdings in The Cigna Group were worth $9,810,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Adero Partners LLC raised its holdings in shares of The Cigna Group by 4.5% during the third quarter. Adero Partners LLC now owns 788 shares of the health services provider’s stock valued at $273,000 after acquiring an additional 34 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in shares of The Cigna Group by 3.0% during the third quarter. CreativeOne Wealth LLC now owns 1,219 shares of the health services provider’s stock valued at $422,000 after acquiring an additional 35 shares during the last quarter. Smithfield Trust Co raised its holdings in shares of The Cigna Group by 3.6% during the third quarter. Smithfield Trust Co now owns 1,080 shares of the health services provider’s stock valued at $373,000 after acquiring an additional 38 shares during the last quarter. Griffin Asset Management Inc. raised its holdings in shares of The Cigna Group by 0.6% during the fourth quarter. Griffin Asset Management Inc. now owns 6,770 shares of the health services provider’s stock valued at $1,869,000 after acquiring an additional 39 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of The Cigna Group by 5.6% in the third quarter. Deseret Mutual Benefit Administrators now owns 751 shares of the health services provider’s stock valued at $260,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CI shares. Royal Bank of Canada cut their price target on The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a report on Friday, November 1st. StockNews.com raised The Cigna Group from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens cut their price target on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Cantor Fitzgerald cut their price target on The Cigna Group from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Oppenheimer cut their price target on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $373.69.

The Cigna Group Trading Up 0.1 %

CI opened at $299.92 on Friday. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83. The business has a fifty day simple moving average of $286.35 and a 200-day simple moving average of $319.60. The firm has a market cap of $83.42 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.98 and a beta of 0.54. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70.

The Cigna Group (NYSE:CI) last released its quarterly earnings results 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 return on equity of 18.61% and a net margin of 1.39%. During the same period in the previous year, the business earned $6.79 EPS. On average, equities analysts expect that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $1.51 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 2.01%. The Cigna Group’s dividend payout ratio (DPR) is 45.75%.

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.