Hancock Whitney Corp Sells 161 Shares of The Cigna Group (NYSE:CI)

Hancock Whitney Corp decreased its holdings in shares of The Cigna Group (NYSE:CI) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,368 shares of the health services provider’s stock after selling 161 shares during the period. Hancock Whitney Corp’s holdings in The Cigna Group were worth $1,513,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P lifted its position in shares of The Cigna Group by 21.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 246 shares of the health services provider’s stock worth $85,000 after buying an additional 43 shares during the period. Dynamic Technology Lab Private Ltd grew its position in The Cigna Group by 5.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 5,338 shares of the health services provider’s stock valued at $1,849,000 after acquiring an additional 285 shares during the period. Douglass Winthrop Advisors LLC raised its stake in The Cigna Group by 5.3% during the third quarter. Douglass Winthrop Advisors LLC now owns 9,860 shares of the health services provider’s stock worth $3,416,000 after acquiring an additional 495 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of The Cigna Group by 60.4% during the third quarter. Daiwa Securities Group Inc. now owns 54,617 shares of the health services provider’s stock valued at $18,921,000 after acquiring an additional 20,571 shares during the period. Finally, Marco Investment Management LLC boosted its stake in shares of The Cigna Group by 0.8% in the 3rd quarter. Marco Investment Management LLC now owns 72,388 shares of the health services provider’s stock valued at $25,078,000 after purchasing an additional 578 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CI. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their target price on shares of The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. StockNews.com downgraded The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped 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. Finally, Stephens reiterated an “overweight” rating and issued a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, The Cigna Group has an average rating of “Buy” and a consensus price target of $394.64.

The Cigna Group Stock Performance

Shares of NYSE:CI opened at $332.73 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The Cigna Group has a 1-year low of $253.95 and a 1-year high of $370.83. The stock has a market capitalization of $92.55 billion, a P/E ratio of 31.39, a P/E/G ratio of 0.99 and a beta of 0.51. The business has a 50-day moving average price of $334.74 and a two-hundred day moving average price of $338.63.

The Cigna Group (NYSE:CI) last posted its quarterly 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 Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The business had revenue of $63.70 billion during the quarter, compared to the consensus estimate of $59.58 billion. During the same period in the previous year, the firm posted $6.77 earnings per share. The Cigna Group’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities analysts predict that The Cigna Group will post 28.5 earnings per share for the current year.

The Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be given a $1.40 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $5.60 annualized dividend and a dividend yield of 1.68%. The Cigna Group’s dividend payout ratio is currently 52.83%.

The Cigna Group Company 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.