Vontobel Holding Ltd. Boosts Stock Holdings in The Cigna Group (NYSE:CI)

Vontobel Holding Ltd. boosted its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,778 shares of the health services provider's stock after acquiring an additional 1,334 shares during the quarter. Vontobel Holding Ltd.'s holdings in The Cigna Group were worth $6,842,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CI. FMR LLC lifted its position in shares of The Cigna Group by 2.0% in the 3rd quarter. FMR LLC now owns 14,230,397 shares of the health services provider's stock worth $4,929,978,000 after purchasing an additional 279,880 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of The Cigna Group by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,054,958 shares of the health services provider's stock worth $3,829,880,000 after purchasing an additional 130,048 shares during the period. Geode Capital Management LLC lifted its position in shares of The Cigna Group by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,855,443 shares of the health services provider's stock worth $2,021,563,000 after purchasing an additional 22,408 shares during the period. Parnassus Investments LLC lifted its position in shares of The Cigna Group by 2.1% in the 3rd quarter. Parnassus Investments LLC now owns 2,922,121 shares of the health services provider's stock worth $1,012,340,000 after purchasing an additional 59,011 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of The Cigna Group by 2.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,168,959 shares of the health services provider's stock worth $751,414,000 after purchasing an additional 44,810 shares during the period. 86.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

CI has been the topic of a number of research reports. Cantor Fitzgerald dropped their target price 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. Truist Financial dropped their target price on shares of The Cigna Group from $390.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Barclays dropped their target price on shares of The Cigna Group from $420.00 to $339.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein downgraded shares of The Cigna Group from an "outperform" rating to a "market perform" rating and set a $323.00 target price on the stock. in a research report on Thursday, February 6th. Finally, Stephens dropped their target price on shares of 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. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $373.69.

The Cigna Group Stock Performance

NYSE CI traded up $2.52 during trading hours on Wednesday, reaching $297.27. 1,561,710 shares of the company were exchanged, compared to its average volume of 1,796,181. The Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. The business's 50 day simple moving average is $285.58 and its 200-day simple moving average is $320.08. 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 stock has a market capitalization of $82.69 billion, a P/E ratio of 24.29, a P/E/G ratio of 0.96 and a beta of 0.54.

The Cigna Group (NYSE:CI - Get Free Report) last posted 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 in the previous year, the company posted $6.79 EPS. On average, equities research analysts expect that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from The Cigna Group's previous quarterly dividend of $1.40. The Cigna Group's dividend payout ratio (DPR) is 45.75%.

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.