Heck Capital Advisors LLC Purchases Shares of 193 The Cigna Group (NYSE:CI)

Heck Capital Advisors LLC acquired a new stake in shares of The Cigna Group (NYSE:CI) in the fourth quarter, Holdings Channel.com reports. The fund acquired 193 shares of the health services provider’s stock, valued at approximately $53,000.

Several other large investors have also modified their holdings of the stock. Sivik Global Healthcare LLC purchased a new position in The Cigna Group in the 4th quarter worth about $3,314,000. Crews Bank & Trust purchased a new position in shares of The Cigna Group in the fourth quarter worth approximately $60,000. Cairn Investment Group Inc. raised its holdings in shares of The Cigna Group by 1.6% during the fourth quarter. Cairn Investment Group Inc. now owns 13,970 shares of the health services provider’s stock valued at $3,858,000 after acquiring an additional 225 shares during the period. Busey Bank lifted its position in shares of The Cigna Group by 5.7% in the 4th quarter. Busey Bank now owns 55,688 shares of the health services provider’s stock valued at $15,378,000 after acquiring an additional 2,980 shares in the last quarter. Finally, First Affirmative Financial Network boosted its stake in The Cigna Group by 5.1% in the 4th quarter. First Affirmative Financial Network now owns 1,537 shares of the health services provider’s stock worth $424,000 after purchasing an additional 75 shares during the period. 86.99% of the stock is owned by institutional investors.

The Cigna Group Price Performance

Shares of NYSE:CI opened at $293.99 on Monday. The stock has a market capitalization of $81.77 billion, a P/E ratio of 27.73, a P/E/G ratio of 0.82 and a beta of 0.54. The business has a 50-day moving average of $294.40 and a two-hundred day moving average of $324.33. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72.

The Cigna Group (NYSE:CI) last posted its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. During the same period last year, the business earned $6.79 earnings per share. On average, equities research analysts predict that The Cigna Group will post 28.5 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 dividend on an annualized basis and a yield of 2.05%. The Cigna Group’s dividend payout ratio (DPR) is presently 49.35%.

Analyst Ratings Changes

CI has been the topic of several recent analyst reports. Truist Financial cut their target price on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Stephens dropped their price target on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Oppenheimer dropped their target price on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Piper Sandler restated an “overweight” rating and set a $394.00 price target (up from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. Two research 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 stock. According to MarketBeat.com, The Cigna Group presently has a consensus rating of “Buy” and a consensus target price of $380.27.

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.