The Cigna Group (NYSE:CI) Shares Sold by Outfitter Financial LLC

Outfitter Financial LLC trimmed its holdings in The Cigna Group (NYSE:CI) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,925 shares of the health services provider’s stock after selling 380 shares during the period. Outfitter Financial LLC’s holdings in The Cigna Group were worth $1,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Collier Financial purchased a new stake in The Cigna Group in the fourth quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new position in The Cigna Group during the 4th quarter worth about $34,000. Prospera Private Wealth LLC purchased a new position in The Cigna Group during the 3rd quarter valued at about $37,000. Compagnie Lombard Odier SCmA acquired a new position in The Cigna Group in the 4th quarter valued at about $37,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in The Cigna Group during the third quarter worth about $45,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

The Cigna Group Price Performance

Shares of CI opened at $299.90 on Friday. The firm has a fifty day moving average price of $285.99 and a 200 day moving average price of $319.78. The stock has a market cap of $83.42 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. 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 Cigna Group (NYSE:CI) last announced its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same period last year, the firm earned $6.79 earnings per share. As a group, sell-side analysts anticipate that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a $1.51 dividend. This is an increase from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date is Wednesday, March 5th. This represents a $6.04 annualized dividend and a yield of 2.01%. The Cigna Group’s dividend payout ratio is 45.75%.

Analyst Ratings Changes

CI has been the subject of a number of research reports. Stephens dropped their price objective on shares of The Cigna Group from $410.00 to $380.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and issued a $360.00 price target (down previously from $415.00) on shares of The Cigna Group in a research report on Friday, January 31st. Barclays cut their price objective on The Cigna Group from $420.00 to $339.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada decreased their target price 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. Finally, Cantor Fitzgerald reduced their price target on The Cigna Group from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $373.69.

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.