2,108 Shares in The Cigna Group (NYSE:CI) Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. 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 2,108 shares of the health services provider's stock, valued at approximately $730,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Investment Advisors LLC raised its stake in The Cigna Group by 2.9% in the second quarter. Capital Investment Advisors LLC now owns 1,122 shares of the health services provider's stock valued at $371,000 after buying an additional 32 shares in the last quarter. Mechanics Bank Trust Department lifted its stake in The Cigna Group by 50.0% during the second quarter. Mechanics Bank Trust Department now owns 3,000 shares of the health services provider's stock worth $992,000 after purchasing an additional 1,000 shares during the last quarter. RFG Holdings Inc. acquired a new position in The Cigna Group in the second quarter valued at approximately $374,000. Sequoia Financial Advisors LLC increased its stake in The Cigna Group by 23.1% in the second quarter. Sequoia Financial Advisors LLC now owns 4,626 shares of the health services provider's stock valued at $1,529,000 after purchasing an additional 868 shares during the last quarter. Finally, Cooper Financial Group raised its holdings in The Cigna Group by 54.2% during the second quarter. Cooper Financial Group now owns 2,738 shares of the health services provider's stock worth $905,000 after purchasing an additional 962 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CI. Barclays upped their target price on shares of The Cigna Group from $405.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. StockNews.com lowered The Cigna Group from a "strong-buy" rating to a "buy" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their target price on The Cigna Group from $398.00 to $394.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Stephens reissued an "overweight" rating and issued a $410.00 target price on shares of The Cigna Group in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price target on shares of The Cigna Group in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $394.64.

The Cigna Group Stock Performance

Shares of The Cigna Group stock traded down $4.80 on Friday, reaching $317.81. 1,745,956 shares of the stock were exchanged, compared to its average volume of 1,560,104. The firm has a market capitalization of $88.40 billion, a PE ratio of 29.98, a PEG ratio of 0.99 and a beta of 0.50. The Cigna Group has a 1-year low of $253.95 and a 1-year high of $370.83. The business has a fifty day moving average price of $331.01 and a two-hundred day moving average price of $338.05. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

The Cigna Group (NYSE:CI - Get Free Report) last released its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.29. The company had revenue of $63.70 billion for the quarter, compared to analysts' expectations of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The firm's quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 EPS. As a group, research analysts anticipate that The Cigna Group will post 28.49 earnings per share for the current fiscal year.

The Cigna Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Wednesday, December 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.76%. The Cigna Group's dividend payout ratio (DPR) is presently 52.83%.

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.