Roman Butler Fullerton & Co. Grows Holdings in The Cigna Group (NYSE:CI)

Roman Butler Fullerton & Co. lifted its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 748.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 136,951 shares of the health services provider's stock after purchasing an additional 120,819 shares during the period. The Cigna Group accounts for about 10.7% of Roman Butler Fullerton & Co.'s portfolio, making the stock its largest position. Roman Butler Fullerton & Co.'s holdings in The Cigna Group were worth $37,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Collier Financial bought a new position in The Cigna Group in the fourth quarter valued at about $32,000. ORG Wealth Partners LLC bought a new stake in shares of The Cigna Group during the fourth quarter worth approximately $34,000. Prospera Private Wealth LLC acquired a new position in The Cigna Group in the third quarter valued at approximately $37,000. Compagnie Lombard Odier SCmA bought a new position in The Cigna Group in the fourth quarter valued at approximately $37,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of The Cigna Group during the 3rd quarter valued at $45,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

The Cigna Group Stock Performance

NYSE:CI traded up $2.52 during mid-day trading on Wednesday, reaching $297.27. 1,734,543 shares of the company's stock were exchanged, compared to its average volume of 1,810,551. 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 firm has a market capitalization of $82.69 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 0.96 and a beta of 0.54. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The business's fifty day simple moving average is $285.58 and its two-hundred day simple moving average is $320.08.

The Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share 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 last year, the firm earned $6.79 earnings per share. Analysts anticipate that The Cigna Group will post 29.77 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $1.51 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's dividend payout ratio is 45.75%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial reduced their target price on The Cigna Group from $390.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Oppenheimer lowered 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 dropped their price objective on shares of The Cigna Group from $420.00 to $339.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Royal Bank of Canada dropped their price target on The Cigna Group from $384.00 to $377.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on The Cigna Group from $398.00 to $394.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, The Cigna Group currently has an average rating of "Moderate Buy" and an average target price of $373.69.

The Cigna Group Company 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.