The Cigna Group (NYSE:CI - Free Report) had its price target trimmed by Truist Financial from $420.00 to $390.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the health services provider's stock.
Other analysts have also issued reports about the company. Jefferies Financial Group boosted their target price on The Cigna Group from $402.00 to $422.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price objective on shares of The Cigna Group in a report on Wednesday, October 23rd. Piper Sandler reiterated an "overweight" rating and set a $394.00 target price (up previously from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Royal Bank of Canada lowered their price target on shares of The Cigna Group from $384.00 to $377.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Barclays raised their price objective 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. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $395.93.
View Our Latest Analysis on The Cigna Group
The Cigna Group Stock Performance
Shares of The Cigna Group stock traded down $1.30 during trading hours on Monday, hitting $279.40. 1,373,556 shares of the company's stock traded hands, compared to its average volume of 1,242,316. The stock has a market capitalization of $77.72 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 0.88 and a beta of 0.54. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83. 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 fifty day simple moving average of $307.49 and a 200-day simple moving average of $330.10.
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 (EPS) for the quarter, topping 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 business had revenue of $63.70 billion during the quarter, compared to the consensus estimate of $59.58 billion. During the same quarter last year, the company posted $6.77 earnings per share. The firm's quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts anticipate that The Cigna Group will post 28.5 EPS for the current fiscal year.
The Cigna Group Dividend Announcement
The firm also recently announced 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. This represents a $5.60 annualized dividend and a yield of 2.00%. The ex-dividend date was Wednesday, December 4th. The Cigna Group's payout ratio is 52.83%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CI. Ulland Investment Advisors LLC increased its stake in The Cigna Group by 2,500.0% in the third quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of The Cigna Group during the 3rd quarter valued at about $37,000. Harbor Capital Advisors Inc. purchased a new position in shares of The Cigna Group during the 3rd quarter valued at about $45,000. Intact Investment Management Inc. bought a new stake in The Cigna Group in the 3rd quarter worth approximately $69,000. Finally, Stone House Investment Management LLC boosted its stake in The Cigna Group by 25.0% in the third quarter. Stone House Investment Management LLC now owns 200 shares of the health services provider's stock worth $69,000 after buying an additional 40 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.
About The Cigna Group
(
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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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