The Cigna Group (NYSE:CI) Stock Holdings Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in The Cigna Group (NYSE:CI - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,684 shares of the health services provider's stock after selling 925 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in The Cigna Group were worth $5,712,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. TCTC Holdings LLC acquired a new position in shares of The Cigna Group in the 4th quarter worth $25,000. Collier Financial acquired a new stake in The Cigna Group during the 4th quarter worth about $32,000. ORG Wealth Partners LLC purchased a new stake in The Cigna Group during the fourth quarter valued at about $34,000. Compagnie Lombard Odier SCmA acquired a new position in shares of The Cigna Group in the fourth quarter worth about $37,000. Finally, Transce3nd LLC purchased a new position in shares of The Cigna Group in the fourth quarter worth approximately $38,000. Institutional investors own 86.99% of the company's stock.

Insider Activity at The Cigna Group

In related news, insider Noelle K. Eder sold 9,944 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $320.00, for a total transaction of $3,182,080.00. Following the transaction, the insider now directly owns 13,406 shares in the company, valued at $4,289,920. The trade was a 42.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicole S. Jones sold 4,904 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $308.12, for a total value of $1,511,020.48. Following the completion of the sale, the insider now owns 29,421 shares of the company's stock, valued at $9,065,198.52. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,751 shares of company stock worth $13,603,991 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $348.00 price objective (down previously from $394.00) on shares of The Cigna Group in a research note on Monday, February 3rd. Royal Bank of Canada set a $355.00 target price on The Cigna Group in a research report on Friday, January 31st. Raymond James reissued a "strong-buy" rating and issued a $360.00 price objective (down from $415.00) on shares of The Cigna Group in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on The Cigna Group from $370.00 to $341.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Finally, Robert W. Baird reduced their price target on shares of The Cigna Group from $388.00 to $362.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $373.56.

The Cigna Group Trading Up 3.7 %

NYSE:CI opened at $336.89 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70. The company's 50 day moving average is $317.24 and its 200-day moving average is $310.60. The firm has a market cap of $92.20 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 0.98 and a beta of 0.51. The Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83.

The Cigna Group (NYSE:CI - Get Free Report) last released its 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 quarter last year, the business posted $6.79 EPS. Equities analysts anticipate 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 was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a yield of 1.79%. This is a positive change from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's payout ratio is 49.35%.

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.

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