Cerity Partners LLC Sells 15,290 Shares of The Cigna Group (NYSE:CI)

Cerity Partners LLC trimmed its holdings in The Cigna Group (NYSE:CI - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,230 shares of the health services provider's stock after selling 15,290 shares during the quarter. Cerity Partners LLC's holdings in The Cigna Group were worth $28,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CI. TCTC Holdings LLC purchased a new position in The Cigna Group during the fourth quarter worth about $25,000. Collier Financial acquired a new stake in shares of The Cigna Group in the 4th quarter valued at approximately $32,000. ORG Wealth Partners LLC purchased a new stake in shares of The Cigna Group in the fourth quarter valued at approximately $34,000. Compagnie Lombard Odier SCmA acquired a new position in The Cigna Group during the fourth quarter worth $37,000. Finally, Heck Capital Advisors LLC purchased a new position in The Cigna Group in the fourth quarter worth $53,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

The Cigna Group Stock Down 0.6 %

NYSE CI traded down $1.88 during mid-day trading on Monday, reaching $328.31. 342,726 shares of the company's stock traded hands, compared to its average volume of 1,685,599. The company has a market cap of $89.85 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 0.98 and a beta of 0.51. The company has a fifty day simple moving average of $312.04 and a 200-day simple moving average of $311.07. 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 has a 1-year low of $262.03 and a 1-year high of $370.83.

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The Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts' consensus estimates of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. During the same period last year, the firm earned $6.79 EPS. As a group, equities research analysts expect that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a dividend of $1.51 per share. This is an increase from The Cigna Group's previous quarterly dividend of $1.40. This represents a $6.04 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Wednesday, March 5th. The Cigna Group's dividend payout ratio is currently 49.35%.

Wall Street Analysts Forecast Growth

CI has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $348.00 price target (down from $394.00) on shares of The Cigna Group in a research note on Monday, February 3rd. StockNews.com upgraded shares of The Cigna Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. UBS Group lowered their price target on The Cigna Group from $410.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Stephens decreased their target price on The Cigna Group from $410.00 to $380.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada set a $355.00 price target on The Cigna Group in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $375.00.

Insider Transactions at The Cigna Group

In related news, insider Nicole S. Jones sold 4,904 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $308.12, for a total transaction of $1,511,020.48. Following the completion of the sale, the insider now owns 29,421 shares in the company, valued at $9,065,198.52. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elder Granger sold 2,376 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $310.35, for a total value of $737,391.60. Following the completion of the transaction, the director now directly owns 5,471 shares in the company, valued at approximately $1,697,924.85. This represents a 30.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,751 shares of company stock worth $13,603,991. Company insiders own 0.70% of the company's stock.

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.