First Horizon Advisors Inc. Sells 87 Shares of The Cigna Group (NYSE:CI)

First Horizon Advisors Inc. decreased its stake in shares of The Cigna Group (NYSE:CI) by 10.4% during the 4th quarter, Holdings Channel reports. The firm owned 750 shares of the health services provider’s stock after selling 87 shares during the period. First Horizon Advisors Inc.’s holdings in The Cigna Group were worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Collier Financial bought a new stake in shares of The Cigna Group in the 4th quarter valued at about $32,000. ORG Wealth Partners LLC acquired a new position in The Cigna Group during the fourth quarter worth approximately $34,000. Prospera Private Wealth LLC bought a new stake in The Cigna Group in the third quarter valued at approximately $37,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of The Cigna Group in the fourth quarter valued at approximately $37,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of The Cigna Group during the 3rd quarter worth approximately $45,000. Institutional investors own 86.99% of the company’s stock.

The Cigna Group Trading Up 4.4 %

Shares of NYSE:CI opened at $314.24 on Wednesday. The company has a market capitalization of $87.41 billion, a P/E ratio of 25.67, a P/E/G ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.66 and a quick ratio of 0.72. The business’s 50 day simple moving average is $287.88 and its 200 day simple moving average is $319.07. The Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (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 last year, the business earned $6.79 EPS. On average, research analysts anticipate that The Cigna Group will post 29.77 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $1.51 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 annualized dividend and a dividend yield of 1.92%. The Cigna Group’s payout ratio is presently 49.35%.

Analyst Upgrades and Downgrades

CI has been the subject of several research reports. Barclays cut their price target on The Cigna Group from $420.00 to $339.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Truist Financial cut their target price on shares of The Cigna Group from $390.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Oppenheimer reduced their target price on shares of The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Royal Bank of Canada set a $355.00 price target on shares of The Cigna Group in a report on Friday, January 31st. Finally, UBS Group reduced their price objective on The Cigna Group from $410.00 to $390.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, The Cigna Group currently has an average rating of “Buy” and a consensus target price of $372.31.

About The Cigna Group

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.