The Cigna Group (NYSE:CI - Get Free Report) has been assigned a consensus rating of "Buy" from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $395.93.
CI has been the subject of a number of analyst 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. Jefferies Financial Group increased their target price on shares of The Cigna Group from $402.00 to $422.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Barclays raised their price target on shares of The Cigna Group from $405.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Truist Financial decreased their price target on shares of The Cigna Group from $420.00 to $390.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Stephens reaffirmed an "overweight" rating and issued a $410.00 price target on shares of The Cigna Group in a report on Friday, November 1st.
Read Our Latest Research Report on The Cigna Group
Institutional Trading of The Cigna Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in shares of The Cigna Group by 63.4% in the second quarter. AQR Capital Management LLC now owns 1,547,245 shares of the health services provider's stock valued at $510,467,000 after purchasing an additional 600,215 shares during the period. Ameriprise Financial Inc. grew its position in shares of The Cigna Group by 23.4% in the second quarter. Ameriprise Financial Inc. now owns 2,138,193 shares of the health services provider's stock valued at $706,822,000 after purchasing an additional 405,694 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of The Cigna Group by 145.3% in the second quarter. The Manufacturers Life Insurance Company now owns 683,361 shares of the health services provider's stock valued at $225,899,000 after purchasing an additional 404,791 shares during the period. International Assets Investment Management LLC grew its position in shares of The Cigna Group by 49,287.7% in the third quarter. International Assets Investment Management LLC now owns 400,040 shares of the health services provider's stock valued at $138,590,000 after purchasing an additional 399,230 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of The Cigna Group by 526.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 363,537 shares of the health services provider's stock valued at $120,174,000 after purchasing an additional 305,490 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.
The Cigna Group Price Performance
Shares of CI stock opened at $278.77 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $77.54 billion, a P/E ratio of 26.30, a P/E/G ratio of 0.88 and a beta of 0.54. The company's 50-day simple moving average is $304.77 and its two-hundred day simple moving average is $328.39. The Cigna Group has a one year low of $262.03 and a one year high of $370.83.
The Cigna Group (NYSE:CI - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. During the same period last year, the firm earned $6.77 earnings per share. The company's quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities analysts anticipate 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. Investors of record on Wednesday, December 4th were given a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 4th. This represents a $5.60 annualized dividend and a yield of 2.01%. The Cigna Group's dividend payout ratio is presently 52.83%.
About The Cigna Group
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Get Free ReportThe 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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