True Wealth Design LLC Sells 45 Shares of The Cigna Group (NYSE:CI)

True Wealth Design LLC trimmed its holdings in shares of The Cigna Group (NYSE:CI) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,700 shares of the health services provider’s stock after selling 45 shares during the period. True Wealth Design LLC’s holdings in The Cigna Group were worth $809,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CI. Relyea Zuckerberg Hanson LLC raised its holdings in The Cigna Group by 3.2% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,113 shares of the health services provider’s stock worth $333,000 after buying an additional 35 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of The Cigna Group by 1.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,132 shares of the health services provider’s stock valued at $638,000 after acquiring an additional 36 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in shares of The Cigna Group by 3.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,250 shares of the health services provider’s stock worth $374,000 after buying an additional 37 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in The Cigna Group by 0.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,520 shares of the health services provider’s stock worth $3,150,000 after buying an additional 38 shares during the last quarter. Finally, Breakwater Capital Group raised its holdings in shares of The Cigna Group by 3.5% in the 4th quarter. Breakwater Capital Group now owns 1,144 shares of the health services provider’s stock worth $349,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CI. Baird R W upgraded shares of The Cigna Group to a “strong-buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. raised their price objective on shares of The Cigna Group from $432.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Barclays started coverage on shares of The Cigna Group in a report on Wednesday, March 6th. They set an “overweight” rating and a $393.00 target price on the stock. Cantor Fitzgerald raised their price target on The Cigna Group from $384.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Oppenheimer boosted their price objective on The Cigna Group from $370.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $373.87.

Insider Buying and Selling at The Cigna Group

In related news, CEO David Cordani sold 13,761 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $347.33, for a total value of $4,779,608.13. Following the transaction, the chief executive officer now owns 340,438 shares in the company, valued at approximately $118,244,330.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other The Cigna Group news, CEO David Cordani sold 13,761 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $347.33, for a total transaction of $4,779,608.13. Following the sale, the chief executive officer now directly owns 340,438 shares in the company, valued at approximately $118,244,330.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Noelle K. Eder sold 10,700 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $348.47, for a total value of $3,728,629.00. Following the transaction, the insider now directly owns 15,824 shares in the company, valued at $5,514,189.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,954 shares of company stock valued at $23,916,855. Corporate insiders own 0.60% of the company’s stock.

The Cigna Group Trading Down 0.2 %

NYSE CI traded down $0.71 during trading on Tuesday, hitting $337.94. 896,521 shares of the company’s stock traded hands, compared to its average volume of 1,623,141. The stock has a fifty day moving average of $345.90 and a two-hundred day moving average of $327.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.71 and a quick ratio of 0.71. The Cigna Group has a 12-month low of $253.95 and a 12-month high of $365.71. The firm has a market cap of $96.00 billion, a P/E ratio of 27.75, a PEG ratio of 1.03 and a beta of 0.54.

The Cigna Group (NYSE:CI) last posted its earnings results on Thursday, May 2nd. The health services provider reported $6.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.17 by $0.30. The company had revenue of $57.25 billion for the quarter, compared to analysts’ expectations of $56.59 billion. The Cigna Group had a return on equity of 17.24% and a net margin of 1.76%. The Cigna Group’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $5.41 earnings per share. As a group, sell-side analysts expect that The Cigna Group will post 28.47 EPS for the current year.

The Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, June 4th. The Cigna Group’s dividend payout ratio is presently 45.98%.

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.