CWA Asset Management Group LLC Acquires Shares of 7,633 The Cigna Group (NYSE:CI)

CWA Asset Management Group LLC acquired a new stake in The Cigna Group (NYSE:CI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,633 shares of the health services provider's stock, valued at approximately $2,644,000.

Other large investors also recently modified their holdings of the company. Atomi Financial Group Inc. grew its holdings in shares of The Cigna Group by 14.3% during the first quarter. Atomi Financial Group Inc. now owns 1,461 shares of the health services provider's stock worth $530,000 after buying an additional 183 shares during the last quarter. NorthRock Partners LLC increased its position in The Cigna Group by 12.5% during the 1st quarter. NorthRock Partners LLC now owns 2,272 shares of the health services provider's stock worth $825,000 after purchasing an additional 252 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in The Cigna Group by 4.4% during the first quarter. Meeder Advisory Services Inc. now owns 4,205 shares of the health services provider's stock worth $1,527,000 after acquiring an additional 177 shares during the last quarter. Inspire Advisors LLC purchased a new stake in shares of The Cigna Group in the first quarter valued at $234,000. Finally, Delta Financial Advisors LLC increased its position in The Cigna Group by 7.5% during the first quarter. Delta Financial Advisors LLC now owns 3,615 shares of the health services provider's stock worth $1,313,000 after purchasing an additional 251 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CI shares. StockNews.com downgraded The Cigna Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 4th. Barclays increased their price objective on shares of The Cigna Group from $405.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Stephens reissued an "overweight" rating and set a $410.00 target price on shares of The Cigna Group in a research report on Friday, November 1st. Piper Sandler reaffirmed an "overweight" rating and set a $394.00 price target (up from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of The Cigna Group from $398.00 to $394.00 and set a "buy" rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $394.64.

The Cigna Group Trading Up 0.1 %

Shares of CI traded up $0.28 during trading hours on Friday, reaching $319.77. The stock had a trading volume of 1,315,168 shares, compared to its average volume of 2,002,435. The firm has a 50-day moving average of $341.73 and a 200 day moving average of $340.35. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71. The company has a market cap of $88.94 billion, a P/E ratio of 30.17, a P/E/G ratio of 0.95 and a beta of 0.51. The Cigna Group has a 52 week low of $253.95 and a 52 week high of $370.83.

The Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping the consensus estimate of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The firm had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. During the same period last year, the company posted $6.77 EPS. The business's quarterly revenue was up 29.8% on a year-over-year basis. On average, sell-side analysts expect that The Cigna Group will post 28.5 earnings per share for the current fiscal year.

The Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, December 4th. The Cigna Group's dividend payout ratio is presently 52.83%.

Insider Activity at The Cigna Group

In other The Cigna Group news, Director William J. Delaney III sold 2,691 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $342.68, for a total transaction of $922,151.88. Following the transaction, the director now owns 17,539 shares of the company's stock, valued at $6,010,264.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

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.