The Cigna Group (NYSE:CI) Stock Holdings Decreased by GM Advisory Group LLC

GM Advisory Group LLC lowered its stake in The Cigna Group (NYSE:CI) by 11.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,405 shares of the health services provider’s stock after selling 1,211 shares during the period. GM Advisory Group LLC’s holdings in The Cigna Group were worth $2,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Swedbank AB boosted its holdings in shares of The Cigna Group by 26.6% in the 3rd quarter. Swedbank AB now owns 570,283 shares of the health services provider’s stock valued at $197,569,000 after buying an additional 119,681 shares during the period. AMG National Trust Bank boosted its holdings in shares of The Cigna Group by 5.7% in the 3rd quarter. AMG National Trust Bank now owns 4,072 shares of the health services provider’s stock valued at $1,411,000 after buying an additional 218 shares during the period. OneAscent Wealth Management LLC acquired a new position in shares of The Cigna Group in the 3rd quarter valued at about $358,000. OneAscent Financial Services LLC acquired a new position in shares of The Cigna Group in the 3rd quarter valued at about $454,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of The Cigna Group by 353.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,800 shares of the health services provider’s stock valued at $4,088,000 after buying an additional 9,198 shares during the period. Institutional investors own 86.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Elder Granger sold 2,376 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $310.35, for a total value of $737,391.60. Following the sale, the director now directly owns 5,471 shares in the company, valued at $1,697,924.85. The trade was a 30.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Noelle K. Eder sold 9,944 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $320.00, for a total transaction of $3,182,080.00. Following the sale, the insider now owns 13,406 shares in the company, valued at $4,289,920. This represents a 42.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,751 shares of company stock worth $13,603,991 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

The Cigna Group Trading Up 1.7 %

Shares of NYSE:CI opened at $322.15 on Wednesday. The company has a 50 day moving average of $298.39 and a 200-day moving average of $315.64. The firm has a market cap of $88.17 billion, a P/E ratio of 26.32, a P/E/G ratio of 0.98 and a beta of 0.53. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

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 18.61% and a net margin of 1.39%. During the same quarter in the prior year, the company earned $6.79 earnings per share. As a group, analysts anticipate that The Cigna Group will post 29.77 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $1.51 dividend. This is an increase from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, March 5th. The Cigna Group’s payout ratio is presently 49.35%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CI. Oppenheimer decreased their price target on shares of The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and set a $360.00 target price (down from $415.00) on shares of The Cigna Group in a research note on Friday, January 31st. Royal Bank of Canada set a $355.00 target price on shares of The Cigna Group in a research note on Friday, January 31st. UBS Group reduced their target price on shares of The Cigna Group from $410.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $348.00 target price (down from $394.00) on shares of The Cigna Group in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $372.31.

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.