Sanctuary Advisors LLC Purchases 1,239 Shares of The Cigna Group (NYSE:CI)

Sanctuary Advisors LLC lifted its holdings in The Cigna Group (NYSE:CI - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,099 shares of the health services provider's stock after buying an additional 1,239 shares during the quarter. Sanctuary Advisors LLC's holdings in The Cigna Group were worth $14,177,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Prospera Private Wealth LLC purchased a new position in shares of The Cigna Group in the 3rd quarter worth about $37,000. Collier Financial bought a new stake in The Cigna Group during the 4th quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in shares of The Cigna Group in the fourth quarter worth approximately $34,000. Harbor Capital Advisors Inc. bought a new stake in The Cigna Group in the 3rd quarter worth approximately $45,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in The Cigna Group during the 4th quarter valued at $37,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CI shares. Wells Fargo & Company cut their price objective on The Cigna Group from $370.00 to $341.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Sanford C. Bernstein cut shares of The Cigna Group from an "outperform" rating to a "market perform" rating and set a $323.00 price objective on the stock. in a research note on Thursday, February 6th. Oppenheimer dropped their price objective on shares of The Cigna Group from $400.00 to $375.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Stephens decreased their price target on shares of The Cigna Group from $410.00 to $380.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Barclays cut their price objective on shares of The Cigna Group from $420.00 to $339.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, The Cigna Group currently has a consensus rating of "Buy" and an average price target of $373.69.

The Cigna Group Price Performance

Shares of NYSE:CI traded up $0.24 during trading on Friday, hitting $299.92. 2,213,736 shares of the company's stock were exchanged, compared to its average volume of 1,806,507. The business's 50-day simple moving average is $285.99 and its 200 day simple moving average is $319.78. The company has a market cap of $83.42 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 0.98 and a beta of 0.54. The Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.66 and a quick ratio of 0.72.

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

The Cigna Group Increases Dividend

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

The Cigna Group Company 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.