E. Ohman J or Asset Management AB Buys 1,100 Shares of The Cigna Group (NYSE:CI)

E. Ohman J or Asset Management AB increased its stake in The Cigna Group (NYSE:CI) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,355 shares of the health services provider’s stock after buying an additional 1,100 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in The Cigna Group were worth $3,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. RBA Wealth Management LLC increased its stake in shares of The Cigna Group by 1.2% during the fourth quarter. RBA Wealth Management LLC now owns 11,377 shares of the health services provider’s stock valued at $3,142,000 after buying an additional 135 shares during the period. Childress Capital Advisors LLC grew its holdings in The Cigna Group by 4.1% during the 4th quarter. Childress Capital Advisors LLC now owns 1,020 shares of the health services provider’s stock worth $282,000 after acquiring an additional 40 shares in the last quarter. Optas LLC increased its position in The Cigna Group by 4.2% during the 4th quarter. Optas LLC now owns 5,323 shares of the health services provider’s stock valued at $1,470,000 after purchasing an additional 215 shares during the period. Financial Life Planners purchased a new stake in shares of The Cigna Group in the 4th quarter worth approximately $245,000. Finally, Catalina Capital Group LLC boosted its stake in shares of The Cigna Group by 3.5% during the fourth quarter. Catalina Capital Group LLC now owns 1,637 shares of the health services provider’s stock valued at $452,000 after purchasing an additional 56 shares in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CI shares. Barclays reduced their price objective on shares of The Cigna Group from $420.00 to $339.00 and set an “overweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on 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. Morgan Stanley reduced their target price on shares of The Cigna Group from $403.00 to $379.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada lowered 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 report on Friday, November 1st. Finally, Truist Financial reduced their price objective on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, The Cigna Group has an average rating of “Buy” and an average target price of $378.00.

The Cigna Group Trading Down 0.6 %

The Cigna Group stock opened at $292.56 on Tuesday. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83. The stock has a 50-day moving average price of $294.40 and a 200 day moving average price of $324.18. 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 company has a market capitalization of $81.38 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54.

The Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted $6.79 earnings per share. Sell-side analysts anticipate that The Cigna Group will post 29.66 EPS for the current 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 paid a dividend of $1.51 per share. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, March 5th. The Cigna Group’s dividend payout ratio is presently 45.75%.

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.