The Cigna Group (NYSE:CI) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its holdings in The Cigna Group (NYSE:CI - Free Report) by 231.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,245 shares of the health services provider's stock after acquiring an additional 5,758 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in The Cigna Group were worth $2,269,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in The Cigna Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,758 shares of the health services provider's stock worth $546,138,000 after buying an additional 64,138 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of The Cigna Group by 175.3% during the 4th quarter. State of Michigan Retirement System now owns 235,741 shares of the health services provider's stock worth $65,098,000 after acquiring an additional 150,100 shares during the period. Meridian Wealth Management LLC boosted its position in shares of The Cigna Group by 1.0% during the 4th quarter. Meridian Wealth Management LLC now owns 3,670 shares of the health services provider's stock valued at $1,013,000 after acquiring an additional 37 shares during the last quarter. Fidelis Capital Partners LLC increased its position in The Cigna Group by 72.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 3,031 shares of the health services provider's stock worth $886,000 after purchasing an additional 1,271 shares during the last quarter. Finally, LGT Fund Management Co Ltd. raised its stake in The Cigna Group by 67.0% during the fourth quarter. LGT Fund Management Co Ltd. now owns 7,850 shares of the health services provider's stock worth $2,168,000 after purchasing an additional 3,150 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other The Cigna Group news, CEO David Cordani sold 26,527 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $308.12, for a total transaction of $8,173,499.24. Following the transaction, the chief executive officer now owns 127,767 shares in the company, valued at approximately $39,367,568.04. The trade was a 17.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicole S. Jones sold 4,904 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $308.12, for a total value of $1,511,020.48. Following the completion of the sale, the insider now directly owns 29,421 shares of the company's stock, valued at $9,065,198.52. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

The Cigna Group Stock Up 0.8 %

Shares of NYSE CI traded up $2.57 during mid-day trading on Wednesday, hitting $309.92. The company had a trading volume of 724,675 shares, compared to its average volume of 1,830,628. The Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The company has a market capitalization of $86.21 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. 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 business's 50-day simple moving average is $290.71 and its 200 day simple moving average is $318.11.

The Cigna Group (NYSE:CI - Get Free Report) last posted its earnings results on Thursday, January 30th. The health services provider reported $6.64 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $6.79 earnings per share. On average, analysts predict that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $1.51 per share. This is a positive change from The Cigna Group's previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $6.04 annualized dividend and a dividend yield of 1.95%. The Cigna Group's dividend payout ratio (DPR) is presently 49.35%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com raised shares of The Cigna Group from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Oppenheimer cut their target price on The Cigna Group from $400.00 to $375.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Barclays decreased their price target on The Cigna Group from $420.00 to $339.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Truist Financial cut their price objective on The Cigna Group from $390.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Finally, UBS Group lowered their target price on shares of The Cigna Group from $410.00 to $390.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Two investment 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 company's stock. According to data from MarketBeat, The Cigna Group presently has an average rating of "Buy" and an average price target of $372.31.

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.