The Cigna Group (NYSE:CI) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its holdings in The Cigna Group (NYSE:CI) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,915 shares of the health services provider’s stock after acquiring an additional 241 shares during the period. Citizens Financial Group Inc. RI’s holdings in The Cigna Group were worth $2,370,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CI. Bogart Wealth LLC increased its holdings in shares of The Cigna Group by 104.5% during the 3rd quarter. Bogart Wealth LLC now owns 90 shares of the health services provider’s stock worth $26,000 after buying an additional 46 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of The Cigna Group during the 3rd quarter worth $26,000. Fortitude Family Office LLC acquired a new stake in shares of The Cigna Group during the 4th quarter worth $29,000. VisionPoint Advisory Group LLC increased its holdings in shares of The Cigna Group by 112.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 104 shares of the health services provider’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Finally, Pacifica Partners Inc. increased its holdings in shares of The Cigna Group by 73.2% during the 4th quarter. Pacifica Partners Inc. now owns 142 shares of the health services provider’s stock worth $43,000 after buying an additional 60 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David Cordani sold 38,065 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $335.22, for a total transaction of $12,760,149.30. Following the sale, the chief executive officer now owns 329,321 shares in the company, valued at $110,394,985.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other The Cigna Group news, insider Eric P. Palmer sold 1,017 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $335.26, for a total value of $340,959.42. Following the sale, the insider now owns 45,564 shares in the company, valued at $15,275,786.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Cordani sold 38,065 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $335.22, for a total transaction of $12,760,149.30. Following the completion of the sale, the chief executive officer now owns 329,321 shares in the company, valued at approximately $110,394,985.62. The disclosure for this sale can be found here. Insiders have sold a total of 114,144 shares of company stock worth $39,296,330 over the last quarter. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

CI has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on The Cigna Group from $334.00 to $348.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Sanford C. Bernstein raised shares of The Cigna Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $330.00 to $372.00 in a research report on Thursday, January 4th. StockNews.com raised shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada raised shares of The Cigna Group from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $327.00 to $354.00 in a research report on Monday, February 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of The Cigna Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $355.00 to $370.00 in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, The Cigna Group has a consensus rating of “Buy” and an average target price of $362.14.

The Cigna Group Stock Down 0.0 %

Shares of CI stock traded down $0.04 during trading hours on Friday, hitting $354.47. 830,527 shares of the company were exchanged, compared to its average volume of 1,260,787. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.67 and a current ratio of 0.67. The Cigna Group has a one year low of $240.50 and a one year high of $365.71. The business’s 50-day simple moving average is $349.88 and its two-hundred day simple moving average is $317.80. The stock has a market capitalization of $103.63 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.09 and a beta of 0.56.

The Cigna Group (NYSE:CI) last issued its quarterly earnings results on Friday, February 2nd. The health services provider reported $6.79 EPS for the quarter, topping the consensus estimate of $6.54 by $0.25. The business had revenue of $51.15 billion for the quarter, compared to analysts’ expectations of $48.91 billion. The Cigna Group had a net margin of 2.64% and a return on equity of 13.59%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.96 earnings per share. Sell-side analysts predict that The Cigna Group will post 28.36 EPS for the current fiscal year.

The Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Tuesday, June 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Tuesday, June 4th. This represents a $5.60 annualized dividend and a yield of 1.58%. The Cigna Group’s dividend payout ratio (DPR) is 32.20%.

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.