Sienna Gestion Sells 1,034 Shares of Cigna Group (NYSE:CI)

Sienna Gestion trimmed its position in shares of Cigna Group (NYSE:CI) by 6.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 15,843 shares of the health services provider’s stock after selling 1,034 shares during the period. Sienna Gestion’s holdings in Cigna Group were worth $5,067,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Evermay Wealth Management LLC lifted its holdings in shares of Cigna Group by 58.6% during the first quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 41 shares during the last quarter. Richardson Financial Services Inc. purchased a new position in shares of Cigna Group during the first quarter valued at approximately $38,000. Wayfinding Financial LLC purchased a new position in shares of Cigna Group during the first quarter valued at approximately $40,000. Putney Financial Group LLC purchased a new position in Cigna Group in the 4th quarter worth approximately $36,000. Finally, Transce3nd LLC purchased a new position in Cigna Group in the 4th quarter worth approximately $38,000. 86.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Cigna Group from $385.00 to $405.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Barclays decreased their price objective on shares of Cigna Group from $385.00 to $354.00 and set an “overweight” rating for the company in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $415.00 price objective on shares of Cigna Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley boosted their price objective on shares of Cigna Group from $379.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Finally, Cowen restated a “buy” rating on shares of Cigna Group in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $377.72.

Cigna Group Trading Up 2.3%

NYSE:CI opened at $286.96 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $76.60 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.82 and a beta of 0.47. Cigna Group has a one year low of $256.89 and a one year high of $370.83. The business has a fifty day moving average price of $302.73 and a 200-day moving average price of $311.22.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping the consensus estimate of $7.15 by $0.05. The firm had revenue of $67.13 billion during the quarter, compared to analyst estimates of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%. Cigna Group’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.72 EPS. Sell-side analysts forecast that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 4th. Cigna Group’s dividend payout ratio is presently 32.97%.

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.