Wellington Management Group LLP Purchases 1,689 Shares of The Cigna Group (NYSE:CI)

Wellington Management Group LLP lifted its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,869 shares of the health services provider's stock after purchasing an additional 1,689 shares during the quarter. Wellington Management Group LLP's holdings in The Cigna Group were worth $4,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hudson Edge Investment Partners Inc. lifted its position in shares of The Cigna Group by 1.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,883 shares of the health services provider's stock worth $520,000 after purchasing an additional 36 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of The Cigna Group by 1.0% during the fourth quarter. Meridian Wealth Management LLC now owns 3,670 shares of the health services provider's stock worth $1,013,000 after buying an additional 37 shares during the last quarter. Mindset Wealth Management LLC lifted its holdings in shares of The Cigna Group by 2.6% during the fourth quarter. Mindset Wealth Management LLC now owns 1,469 shares of the health services provider's stock worth $406,000 after buying an additional 37 shares during the last quarter. Jacobi Capital Management LLC grew its stake in shares of The Cigna Group by 2.2% in the fourth quarter. Jacobi Capital Management LLC now owns 1,749 shares of the health services provider's stock worth $483,000 after acquiring an additional 38 shares during the last quarter. Finally, Griffin Asset Management Inc. increased its position in The Cigna Group by 0.6% during the fourth quarter. Griffin Asset Management Inc. now owns 6,770 shares of the health services provider's stock worth $1,869,000 after acquiring an additional 39 shares during the period. Institutional investors own 86.99% of the company's stock.

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Insider Activity at The Cigna Group

In related news, CEO David Cordani sold 26,527 shares of The Cigna Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $308.12, for a total transaction of $8,173,499.24. Following the sale, the chief executive officer now directly owns 127,767 shares in the company, valued at $39,367,568.04. This trade represents a 17.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elder Granger sold 2,376 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $310.35, for a total transaction of $737,391.60. Following the completion of the transaction, the director now owns 5,471 shares of the company's stock, valued at approximately $1,697,924.85. This trade represents a 30.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,751 shares of company stock valued at $13,603,991 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

The Cigna Group Stock Performance

Shares of NYSE:CI traded up $1.64 on Wednesday, reaching $330.27. 804,462 shares of the company's stock were exchanged, compared to its average volume of 1,824,929. 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 twelve month low of $262.03 and a twelve month high of $370.83. The company has a fifty day moving average of $313.58 and a 200-day moving average of $311.06. The company has a market capitalization of $90.39 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 0.98 and a beta of 0.51.

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 (EPS) 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 quarter last year, the company earned $6.79 EPS. On average, research analysts predict that The Cigna Group will post 29.77 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from The Cigna Group's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Wednesday, March 5th. The Cigna Group's dividend payout ratio is presently 49.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CI shares. StockNews.com raised 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 objective on The Cigna Group from $410.00 to $390.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley lowered their price target on shares of The Cigna Group from $403.00 to $379.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Mizuho lifted their target price on shares of The Cigna Group from $360.00 to $384.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Finally, Guggenheim initiated coverage on shares of The Cigna Group in a research note on Wednesday, April 9th. They set a "buy" rating and a $384.00 price target for the company. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $373.56.

About The Cigna Group

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.