Trinity Street Asset Management LLP Increases Stake in The Cigna Group (NYSE:CI)

Trinity Street Asset Management LLP grew its position in shares of The Cigna Group (NYSE:CI - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,766 shares of the health services provider's stock after buying an additional 5,355 shares during the quarter. The Cigna Group accounts for approximately 2.4% of Trinity Street Asset Management LLP's investment portfolio, making the stock its 10th biggest holding. Trinity Street Asset Management LLP's holdings in The Cigna Group were worth $23,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Argent Trust Co lifted its stake in The Cigna Group by 3.0% in the second quarter. Argent Trust Co now owns 3,877 shares of the health services provider's stock valued at $1,282,000 after purchasing an additional 114 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in The Cigna Group by 10.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,754 shares of the health services provider's stock worth $1,572,000 after purchasing an additional 468 shares during the period. Blair William & Co. IL lifted its stake in shares of The Cigna Group by 2.1% during the 2nd quarter. Blair William & Co. IL now owns 44,534 shares of the health services provider's stock valued at $14,721,000 after buying an additional 935 shares in the last quarter. XTX Topco Ltd grew its stake in The Cigna Group by 461.6% in the 2nd quarter. XTX Topco Ltd now owns 3,420 shares of the health services provider's stock valued at $1,131,000 after buying an additional 2,811 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in The Cigna Group by 61.2% during the 2nd quarter. Intech Investment Management LLC now owns 65,750 shares of the health services provider's stock valued at $21,735,000 after acquiring an additional 24,966 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.

The Cigna Group Price Performance

Shares of NYSE CI traded up $3.19 during trading hours on Friday, reaching $284.16. 1,892,393 shares of the stock traded hands, compared to its average volume of 1,847,029. The company's 50-day simple moving average is $301.37 and its two-hundred day simple moving average is $326.78. The company has a market capitalization of $79.04 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 0.75 and a beta of 0.54. The Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71.

The Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping the consensus estimate of $7.22 by $0.29. The firm had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The business's revenue was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $6.77 earnings per share. Equities research analysts forecast that The Cigna Group will post 28.5 EPS for the current year.

The Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.60 annualized dividend and a yield of 1.97%. The Cigna Group's payout ratio is 52.83%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CI shares. Deutsche Bank Aktiengesellschaft cut their price target on The Cigna Group from $398.00 to $394.00 and set a "buy" rating for the company in a report on Monday, November 4th. StockNews.com cut The Cigna Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 4th. Piper Sandler restated an "overweight" rating and issued a $394.00 price objective (up from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Stephens reaffirmed an "overweight" rating and set a $410.00 target price on shares of The Cigna Group in a report on Friday, November 1st. Finally, Barclays raised their price target on shares of The Cigna Group from $405.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $395.93.

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.