The Cigna Group (NYSE:CI) Stake Increased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its holdings in The Cigna Group (NYSE:CI - Free Report) by 164.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,880 shares of the health services provider's stock after acquiring an additional 9,248 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in The Cigna Group were worth $5,155,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Checchi Capital Advisers LLC increased its holdings in The Cigna Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 3,584 shares of the health services provider's stock valued at $1,185,000 after buying an additional 31 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of The Cigna Group by 1.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,206 shares of the health services provider's stock valued at $729,000 after purchasing an additional 31 shares during the last quarter. IFG Advisors LLC grew its holdings in shares of The Cigna Group by 4.6% during the third quarter. IFG Advisors LLC now owns 699 shares of the health services provider's stock valued at $242,000 after purchasing an additional 31 shares during the last quarter. McClarren Financial Advisors Inc. grew its holdings in shares of The Cigna Group by 4.7% during the third quarter. McClarren Financial Advisors Inc. now owns 692 shares of the health services provider's stock valued at $240,000 after purchasing an additional 31 shares during the last quarter. Finally, Saxony Capital Management LLC grew its holdings in shares of The Cigna Group by 5.3% during the second quarter. Saxony Capital Management LLC now owns 638 shares of the health services provider's stock valued at $211,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays upped their target price on The Cigna Group from $405.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Royal Bank of Canada lowered their target price on The Cigna Group from $384.00 to $377.00 and set an "outperform" rating for the company in a report on Friday, November 1st. StockNews.com lowered The Cigna Group from a "strong-buy" rating to a "buy" rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on The Cigna Group from $435.00 to $438.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group boosted their price objective on The Cigna Group from $402.00 to $422.00 and gave the stock a "buy" rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $394.64.

The Cigna Group Price Performance

CI traded up $1.26 during trading on Friday, reaching $284.22. The stock had a trading volume of 1,492,957 shares, compared to its average volume of 1,574,303. The firm has a market capitalization of $79.06 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 0.88 and a beta of 0.50. 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 has a 1-year low of $279.88 and a 1-year high of $370.83. The stock has a 50 day moving average of $327.65 and a two-hundred day moving average of $337.08.

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

The Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, December 4th. The Cigna Group's dividend payout ratio is presently 52.83%.

The Cigna Group Profile

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.