Sowell Financial Services LLC acquired a new position in Cigna Group (NYSE:CI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,162 shares of the health services provider's stock, valued at approximately $1,698,000.
Several other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC acquired a new stake in Cigna Group during the fourth quarter worth about $25,000. Putney Financial Group LLC bought a new stake in shares of Cigna Group in the 4th quarter valued at $36,000. Transce3nd LLC bought a new position in shares of Cigna Group in the 4th quarter worth about $38,000. Ameriflex Group Inc. bought a new stake in shares of Cigna Group in the 4th quarter valued at $44,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Cigna Group during the 4th quarter worth about $53,000. Institutional investors own 86.99% of the company's stock.
Cigna Group Trading Down 0.8%
Shares of Cigna Group stock traded down $2.40 on Friday, reaching $312.00. The company had a trading volume of 670,283 shares, compared to its average volume of 1,711,848. Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. The firm has a market cap of $83.35 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 0.93 and a beta of 0.44. The firm's 50-day moving average price is $321.79 and its two-hundred day moving average price is $307.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.72 and a quick ratio of 0.72.
Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results on Friday, May 2nd. The health services provider reported $6.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.39. The company had revenue of $65.45 billion for the quarter, compared to analyst estimates of $60.39 billion. Cigna Group had a return on equity of 18.63% and a net margin of 1.97%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.47 EPS. As a group, research analysts predict that Cigna Group will post 29.77 earnings per share for the current fiscal year.
Cigna Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were given a $1.51 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $6.04 annualized dividend and a yield of 1.94%. Cigna Group's dividend payout ratio is presently 33.44%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on CI shares. Mizuho increased their price target on shares of Cigna Group from $360.00 to $384.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Cantor Fitzgerald increased their target price on shares of Cigna Group from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Guggenheim reiterated a "buy" rating and issued a $388.00 price objective on shares of Cigna Group in a report on Friday, May 23rd. Piper Sandler lifted their price target on Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $371.00 price target on shares of Cigna Group in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $380.39.
Check Out Our Latest Report on CI
About Cigna Group
(
Free Report)
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.
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