The Cigna Group (NYSE:CI) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in shares of The Cigna Group (NYSE:CI) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,799 shares of the health services provider’s stock after selling 84,928 shares during the quarter. Schroder Investment Management Group’s holdings in The Cigna Group were worth $91,071,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC purchased a new position in shares of The Cigna Group during the 4th quarter valued at about $25,000. Collier Financial purchased a new position in The Cigna Group during the fourth quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new position in The Cigna Group in the fourth quarter valued at approximately $34,000. Compagnie Lombard Odier SCmA purchased a new stake in The Cigna Group in the 4th quarter worth approximately $37,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of The Cigna Group during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nicole S. Jones sold 4,904 shares of The Cigna Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $308.12, for a total value of $1,511,020.48. Following the completion of the sale, the insider now owns 29,421 shares in the company, valued at approximately $9,065,198.52. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elder Granger sold 2,376 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $310.35, for a total value of $737,391.60. Following the transaction, the director now owns 5,471 shares in the company, valued at $1,697,924.85. This trade represents a 30.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,751 shares of company stock valued at $13,603,991 over the last quarter. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CI has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $348.00 price target (down from $394.00) on shares of The Cigna Group in a report on Monday, February 3rd. StockNews.com raised shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Cantor Fitzgerald lifted their price target on The Cigna Group from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Royal Bank of Canada set a $355.00 price target on The Cigna Group in a research report on Friday, January 31st. Finally, Sanford C. Bernstein cut The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 price objective for the company. in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $373.25.

The Cigna Group Stock Performance

NYSE:CI opened at $324.97 on Monday. The company has a market cap of $88.94 billion, a P/E ratio of 26.55, a P/E/G ratio of 0.98 and a beta of 0.53. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company’s 50-day moving average price is $304.67 and its 200-day moving average price is $313.47. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

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

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $1.51 dividend. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $6.04 annualized dividend and a dividend yield of 1.86%. The Cigna Group’s dividend payout ratio is 49.35%.

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.