Valley Wealth Managers Inc. Buys 1,548 Shares of The Cigna Group (NYSE:CI)

Valley Wealth Managers Inc. boosted its stake in shares of The Cigna Group (NYSE:CI - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,933 shares of the health services provider's stock after purchasing an additional 1,548 shares during the quarter. Valley Wealth Managers Inc.'s holdings in The Cigna Group were worth $15,721,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new stake in The Cigna Group during the third quarter worth approximately $37,000. Collier Financial bought a new stake in The Cigna Group during the fourth quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new stake in The Cigna Group during the fourth quarter worth approximately $34,000. Harbor Capital Advisors Inc. bought a new stake in The Cigna Group during the third quarter worth approximately $45,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in The Cigna Group during the fourth quarter worth approximately $37,000. Institutional investors own 86.99% of the company's stock.

The Cigna Group Trading Up 0.1 %

The Cigna Group stock traded up $0.24 during mid-day trading on Friday, hitting $299.92. The stock had a trading volume of 2,213,736 shares, compared to its average volume of 1,806,507. The stock has a 50-day simple moving average of $286.35 and a two-hundred day simple moving average of $319.60. The stock has a market capitalization of $83.42 billion, a PE ratio of 24.50, a P/E/G ratio of 0.98 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 current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

The Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (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 prior year, the firm posted $6.79 earnings per share. As a group, sell-side analysts forecast that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a yield of 2.01%. This is a boost from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's dividend payout ratio (DPR) is 45.75%.

Analyst Ratings Changes

CI has been the subject of several research reports. Piper Sandler reissued an "overweight" rating and issued a $348.00 price objective (down from $394.00) on shares of The Cigna Group in a research report on Monday, February 3rd. UBS Group reduced their price objective on The Cigna Group from $410.00 to $390.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Cantor Fitzgerald reduced their price objective on The Cigna Group from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Stephens reduced their price objective on The Cigna Group from $410.00 to $380.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price objective on The Cigna Group from $403.00 to $379.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, The Cigna Group has an average rating of "Buy" and a consensus price target 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.