Lyell Wealth Management LP Sells 8,322 Shares of The Cigna Group (NYSE:CI)

Lyell Wealth Management LP lowered its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 73.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,018 shares of the health services provider's stock after selling 8,322 shares during the period. Lyell Wealth Management LP's holdings in The Cigna Group were worth $833,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB grew its stake in shares of The Cigna Group by 18.6% during the third quarter. AMF Tjanstepension AB now owns 73,600 shares of the health services provider's stock worth $25,511,000 after buying an additional 11,550 shares during the last quarter. Swedbank AB grew its position in The Cigna Group by 26.6% during the 3rd quarter. Swedbank AB now owns 570,283 shares of the health services provider's stock worth $197,569,000 after acquiring an additional 119,681 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in The Cigna Group by 5.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 1,188 shares of the health services provider's stock worth $412,000 after purchasing an additional 66 shares in the last quarter. Whittier Trust Co. raised its position in The Cigna Group by 0.7% in the third quarter. Whittier Trust Co. now owns 6,710 shares of the health services provider's stock valued at $2,325,000 after purchasing an additional 45 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in The Cigna Group by 125.6% in the third quarter. Foundations Investment Advisors LLC now owns 3,116 shares of the health services provider's stock valued at $1,079,000 after purchasing an additional 1,735 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CI shares. UBS Group lowered their price objective on The Cigna Group from $410.00 to $390.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada dropped their price target on shares of The Cigna Group from $384.00 to $377.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced 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 research note on Monday, November 4th. Stephens lowered their target price on The Cigna Group from $410.00 to $380.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Truist Financial cut their target price on The Cigna Group from $390.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $373.69.

The Cigna Group Stock Up 0.1 %

Shares of NYSE CI traded up $0.24 during midday trading on Friday, hitting $299.92. 2,213,736 shares of the stock traded hands, compared to its average volume of 1,806,507. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The business has a 50 day moving average price of $286.35 and a two-hundred day moving average price of $319.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.66. The company has a market cap of $83.42 billion, a PE ratio of 24.50, a P/E/G ratio of 0.98 and a beta of 0.54.

The Cigna Group (NYSE:CI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. During the same quarter last year, the company posted $6.79 EPS. On average, equities analysts predict that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $1.51 per share. The ex-dividend date is Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a yield of 2.01%. This is an increase from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's payout ratio is 45.75%.

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.