The Cigna Group (NYSE:CI) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its position in shares of The Cigna Group (NYSE:CI - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 341,571 shares of the health services provider's stock after selling 15,101 shares during the quarter. Sei Investments Co. owned 0.12% of The Cigna Group worth $94,322,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. TCTC Holdings LLC acquired a new stake in shares of The Cigna Group in the fourth quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in The Cigna Group during the 3rd quarter valued at $37,000. Collier Financial purchased a new position in The Cigna Group during the fourth quarter worth $32,000. ORG Wealth Partners LLC acquired a new position in shares of The Cigna Group in the fourth quarter worth $34,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of The Cigna Group in the fourth quarter valued at $37,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CI has been the subject of a number of recent research reports. Piper Sandler reiterated an "overweight" rating and set a $348.00 price objective (down previously from $394.00) on shares of The Cigna Group in a research report on Monday, February 3rd. Oppenheimer lowered their price target on shares of The Cigna Group from $400.00 to $375.00 and set an "outperform" rating for the company in a report on Friday, January 31st. StockNews.com raised shares of The Cigna Group from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada set a $355.00 target price on shares of The Cigna Group in a research note on Friday, January 31st. Finally, UBS Group cut their price target on The Cigna Group from $410.00 to $390.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $373.25.

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Insider Activity

In other news, insider Noelle K. Eder sold 9,944 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $320.00, for a total transaction of $3,182,080.00. Following the completion of the sale, the insider now directly owns 13,406 shares in the company, valued at $4,289,920. This trade represents a 42.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elder Granger sold 2,376 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $310.35, for a total value of $737,391.60. Following the completion of the transaction, the director now owns 5,471 shares in the company, valued at approximately $1,697,924.85. This trade represents a 30.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,751 shares of company stock worth $13,603,991. 0.60% of the stock is currently owned by corporate insiders.

The Cigna Group Trading Down 1.2 %

CI traded down $3.76 on Tuesday, reaching $316.64. 696,519 shares of the company's stock were exchanged, compared to its average volume of 1,564,847. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company's 50 day moving average is $301.62 and its 200-day moving average is $314.45. 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 $86.66 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 0.98 and a beta of 0.53.

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 (EPS) 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 business posted $6.79 earnings per share. Equities analysts predict that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $1.51 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's dividend payout ratio (DPR) is 49.35%.

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.