First Hawaiian Bank Cuts Stock Holdings in The Cigna Group (NYSE:CI)

First Hawaiian Bank decreased its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,718 shares of the health services provider's stock after selling 1,923 shares during the period. First Hawaiian Bank's holdings in The Cigna Group were worth $2,960,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Royal London Asset Management Ltd. lifted its stake in The Cigna Group by 0.8% during the 2nd quarter. Royal London Asset Management Ltd. now owns 119,104 shares of the health services provider's stock valued at $39,372,000 after acquiring an additional 912 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in The Cigna Group by 9.2% during the second quarter. Daiwa Securities Group Inc. now owns 34,046 shares of the health services provider's stock worth $11,254,000 after purchasing an additional 2,857 shares during the last quarter. Coldstream Capital Management Inc. grew its position in The Cigna Group by 2.9% in the 2nd quarter. Coldstream Capital Management Inc. now owns 4,504 shares of the health services provider's stock worth $1,489,000 after purchasing an additional 126 shares in the last quarter. MGO One Seven LLC increased its stake in The Cigna Group by 19.7% in the 2nd quarter. MGO One Seven LLC now owns 3,613 shares of the health services provider's stock valued at $1,195,000 after buying an additional 594 shares during the last quarter. Finally, Vaughan David Investments LLC IL lifted its position in shares of The Cigna Group by 0.4% during the 2nd quarter. Vaughan David Investments LLC IL now owns 141,857 shares of the health services provider's stock worth $46,894,000 after buying an additional 540 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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 report on Tuesday, September 17th. Stephens reissued an "overweight" rating and issued a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. Truist Financial decreased their target price on The Cigna Group from $420.00 to $390.00 and set a "buy" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Cantor Fitzgerald restated 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $395.93.

The Cigna Group Stock Performance

CI traded down $0.82 on Thursday, hitting $279.11. The company's stock had a trading volume of 1,013,330 shares, compared to its average volume of 1,154,766. The Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. The firm has a market cap of $77.64 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 0.88 and a beta of 0.54. 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 50 day simple moving average is $305.53 and its 200-day simple moving average is $328.97.

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

The Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Wednesday, December 4th. The Cigna Group's payout ratio is 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.