Tokio Marine Asset Management Co. Ltd. Buys 88 Shares of The Cigna Group (NYSE:CI)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of The Cigna Group (NYSE:CI) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 7,725 shares of the health services provider’s stock after purchasing an additional 88 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in The Cigna Group were worth $2,133,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CI. IFG Advisors LLC lifted its position 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 worth $242,000 after purchasing an additional 31 shares during the last quarter. McClarren Financial Advisors Inc. boosted its position in The Cigna Group by 4.7% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 692 shares of the health services provider’s stock valued at $240,000 after buying an additional 31 shares during the period. Castle Rock Wealth Management LLC grew its stake in The Cigna Group by 0.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 6,651 shares of the health services provider’s stock worth $2,263,000 after acquiring an additional 34 shares in the last quarter. Adero Partners LLC increased its position in shares of The Cigna Group by 4.5% during the third quarter. Adero Partners LLC now owns 788 shares of the health services provider’s stock worth $273,000 after acquiring an additional 34 shares during the period. Finally, Waldron Private Wealth LLC raised its stake in shares of The Cigna Group by 1.0% during the third quarter. Waldron Private Wealth LLC now owns 3,651 shares of the health services provider’s stock valued at $1,265,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

The Cigna Group Trading Up 3.9 %

The Cigna Group stock opened at $293.99 on Monday. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The stock has a market cap of $81.77 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 0.82 and a beta of 0.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50-day moving average of $294.40 and a two-hundred day moving average of $324.33.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, January 30th. The health services provider reported $6.64 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $6.79 earnings per share. On average, research analysts anticipate 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 given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.05%. This is an increase from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date is Wednesday, March 5th. The Cigna Group’s dividend payout ratio is presently 49.35%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $394.00 target price (up from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Oppenheimer decreased their price objective on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a report on Friday. 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 report on Monday, January 6th. Cantor Fitzgerald lowered their price target on shares of The Cigna Group from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Royal Bank of Canada cut their price objective on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, The Cigna Group currently 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.