The Cigna Group (NYSE:CI) Holdings Boosted by Commerce Bank

Commerce Bank raised its holdings in The Cigna Group (NYSE:CI - Free Report) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,543 shares of the health services provider's stock after purchasing an additional 4,374 shares during the quarter. Commerce Bank's holdings in The Cigna Group were worth $12,660,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new position in shares of The Cigna Group during the 2nd quarter worth $33,000. Ulland Investment Advisors LLC lifted its stake in shares of 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 valued at $36,000 after purchasing an additional 100 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of The Cigna Group during the 3rd quarter valued at $37,000. Harbor Capital Advisors Inc. purchased a new stake in shares of The Cigna Group during the 3rd quarter valued at about $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of The Cigna Group during the second quarter valued at approximately $66,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CI has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price target on shares of The Cigna Group in a report on Wednesday, October 23rd. Jefferies Financial Group upped their target price on The Cigna Group from $402.00 to $422.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Stephens reissued an "overweight" rating and set a $410.00 price target on shares of The Cigna Group in a research report on Friday, November 1st. StockNews.com downgraded shares of The Cigna Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 4th. Finally, Barclays increased their target price on The Cigna Group from $405.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, The Cigna Group presently has a consensus rating of "Buy" and a consensus price target of $394.64.

The Cigna Group Price Performance

Shares of The Cigna Group stock opened at $323.36 on Thursday. The Cigna Group has a 52 week low of $253.95 and a 52 week high of $370.83. 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 company's 50-day moving average price is $336.78 and its two-hundred day moving average price is $339.03. The stock has a market cap of $89.94 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.51.

The Cigna Group (NYSE:CI - Get Free Report) last released its earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating the consensus estimate of $7.22 by $0.29. The business had revenue of $63.70 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business earned $6.77 earnings per share. As a group, sell-side analysts anticipate that The Cigna Group will post 28.5 EPS for the current fiscal year.

The Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, December 4th. 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.