2,507 Shares in The Cigna Group (NYSE:CI) Bought by Brophy Wealth Management LLC

Brophy Wealth Management LLC acquired a new stake in shares of The Cigna Group (NYSE:CI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,507 shares of the health services provider's stock, valued at approximately $869,000.

Several other institutional investors have also added to or reduced their stakes in CI. TruNorth Capital Management LLC bought a new position in The Cigna Group in the second quarter valued at approximately $33,000. Ulland Investment Advisors LLC raised its stake in The Cigna Group by 2,500.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider's stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of The Cigna Group in the third quarter valued at approximately $37,000. Harbor Capital Advisors Inc. acquired a new stake in The Cigna Group during the third quarter worth approximately $45,000. Finally, Private Ocean LLC increased its stake in The Cigna Group by 29.9% during the 2nd quarter. Private Ocean LLC now owns 200 shares of the health services provider's stock worth $66,000 after acquiring an additional 46 shares during the period. 86.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CI has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $400.00 price target on shares of The Cigna Group in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on The Cigna Group from $384.00 to $377.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Barclays boosted their target price on The Cigna Group from $405.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price target on shares of The Cigna Group from $402.00 to $422.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Finally, StockNews.com lowered shares of The Cigna Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $394.64.

The Cigna Group Stock Performance

CI traded down $6.92 during trading hours on Tuesday, hitting $312.23. The stock had a trading volume of 1,230,382 shares, compared to its average volume of 1,545,344. The stock has a market cap of $86.85 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50. 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's fifty day simple moving average is $330.47 and its 200 day simple moving average is $337.91. The Cigna Group has a 1 year low of $288.88 and a 1 year high of $370.83.

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

The Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, December 4th will be given a $1.40 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $5.60 annualized dividend and a yield of 1.79%. The Cigna Group's dividend payout ratio (DPR) is presently 52.83%.

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.