Nordea Investment Management AB decreased its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,943,141 shares of the health services provider's stock after selling 9,224 shares during the quarter. Nordea Investment Management AB owned about 0.70% of The Cigna Group worth $536,870,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ulland Investment Advisors LLC raised its position 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 worth $36,000 after buying an additional 100 shares during the period. Prospera Private Wealth LLC acquired a new position in The Cigna Group during the third quarter valued at approximately $37,000. Harbor Capital Advisors Inc. purchased a new stake in The Cigna Group during the third quarter worth approximately $45,000. Intact Investment Management Inc. acquired a new stake in shares of The Cigna Group in the third quarter worth $69,000. Finally, Stone House Investment Management LLC raised its stake in shares of The Cigna Group by 25.0% in the 3rd quarter. Stone House Investment Management LLC now owns 200 shares of the health services provider's stock valued at $69,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.
Analyst Upgrades and Downgrades
CI has been the subject of a number of research reports. StockNews.com cut shares of The Cigna Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 4th. Truist Financial dropped their target price on The Cigna Group from $420.00 to $390.00 and set a "buy" rating on the stock in a report on Monday. Jefferies Financial Group lifted their price target on shares of The Cigna Group from $402.00 to $422.00 and gave the stock a "buy" rating in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft lowered their target price on The Cigna Group from $398.00 to $394.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Finally, Stephens reiterated an "overweight" rating and issued a $410.00 price target on shares of The Cigna Group in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $395.93.
Read Our Latest Stock Report on CI
The Cigna Group Price Performance
Shares of NYSE:CI traded down $1.30 during trading on Monday, reaching $279.40. The company had a trading volume of 1,373,556 shares, compared to its average volume of 1,242,316. The firm's fifty day moving average is $308.20 and its 200 day moving average is $330.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $77.72 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 0.88 and a beta of 0.54. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83.
The Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The company had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. During the same quarter last year, the firm posted $6.77 EPS. The business's revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities analysts forecast that The Cigna Group will post 28.5 EPS for the current year.
The Cigna Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, December 4th. The Cigna Group's dividend payout ratio (DPR) is currently 52.83%.
The Cigna Group Company Profile
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Free Report)
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.
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