Shares of The Cigna Group (NYSE:CI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $265.59, but opened at $276.45. The Cigna Group shares last traded at $280.00, with a volume of 681,007 shares traded.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price target on The Cigna Group from $402.00 to $422.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Piper Sandler reiterated an "overweight" rating and issued a $394.00 target price (up from $392.00) on shares of The Cigna Group in a research note on Tuesday, November 5th. StockNews.com lowered The Cigna Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 4th. Royal Bank of Canada dropped their price objective on shares of The Cigna Group from $384.00 to $377.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, Stephens reissued an "overweight" rating and issued a $410.00 target price on shares of The Cigna Group in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, The Cigna Group currently has a consensus rating of "Buy" and an average price target of $394.64.
View Our Latest Research Report on The Cigna Group
The Cigna Group Price Performance
The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The stock has a market cap of $78.55 billion, a PE ratio of 26.64, a P/E/G ratio of 0.88 and a beta of 0.50. The company's 50 day moving average is $323.54 and its 200-day moving average is $335.82.
The Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results 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 return on equity of 18.42% and a net margin of 1.31%. The business had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same period in the previous year, the company earned $6.77 earnings per share. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Cigna Group will post 28.5 earnings per share for the current year.
The Cigna Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, December 4th. The Cigna Group's dividend payout ratio (DPR) is currently 52.83%.
Institutional Investors Weigh In On The Cigna Group
Several hedge funds and other institutional investors have recently modified their holdings of CI. Ulland Investment Advisors LLC increased its position 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 worth $36,000 after buying an additional 100 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of The Cigna Group in the 3rd quarter worth about $37,000. Harbor Capital Advisors Inc. acquired a new position in The Cigna Group during the 3rd quarter valued at about $45,000. Private Ocean LLC boosted its stake in The Cigna Group by 29.9% during the 2nd quarter. Private Ocean LLC now owns 200 shares of the health services provider's stock valued at $66,000 after purchasing an additional 46 shares during the period. Finally, Intact Investment Management Inc. bought a new position in The Cigna Group in the 3rd quarter worth about $69,000. Institutional investors own 86.99% of the company's stock.
About The Cigna Group
(
Get Free Report)
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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