Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,272 shares of the health services provider's stock after buying an additional 1,008 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in The Cigna Group were worth $8,912,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Collier Financial bought a new position in shares of The Cigna Group in the 4th quarter worth about $32,000. ORG Wealth Partners LLC bought a new position in The Cigna Group in the fourth quarter worth about $34,000. Prospera Private Wealth LLC bought a new position in The Cigna Group in the third quarter worth about $37,000. Compagnie Lombard Odier SCmA bought a new position in The Cigna Group in the fourth quarter worth about $37,000. Finally, Harbor Capital Advisors Inc. bought a new position in The Cigna Group in the third quarter worth about $45,000. 86.99% of the stock is currently owned by institutional investors.
The Cigna Group Price Performance
Shares of CI traded up $2.67 during mid-day trading on Thursday, hitting $299.90. The company's stock had a trading volume of 1,269,997 shares, compared to its average volume of 1,794,170. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.66 and a quick ratio of 0.72. The firm has a 50-day moving average price of $285.65 and a 200 day moving average price of $319.92. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The stock has a market capitalization of $83.42 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 0.97 and a beta of 0.54.
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 return on equity of 18.61% and a net margin of 1.39%. During the same quarter last year, the business posted $6.79 earnings per share. 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 business also recently disclosed 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. This represents a $6.04 annualized dividend and a yield of 2.01%. The ex-dividend date is Wednesday, March 5th. This is an increase from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's payout ratio is presently 45.75%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Stephens cut their price target on The Cigna Group from $410.00 to $380.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft cut their target price on The Cigna Group from $398.00 to $394.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Cantor Fitzgerald cut their price objective on shares of The Cigna Group from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of The Cigna Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $348.00 price target (down previously from $394.00) on shares of The Cigna Group in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $373.69.
Check Out Our Latest Stock Analysis on CI
About The Cigna Group
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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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