Capital Investment Advisory Services LLC Invests $661,000 in Cigna Group (NYSE:CI)

Capital Investment Advisory Services LLC purchased a new position in shares of Cigna Group (NYSE:CI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,010 shares of the health services provider's stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CI. TCTC Holdings LLC bought a new stake in Cigna Group in the 4th quarter valued at $25,000. Putney Financial Group LLC bought a new stake in Cigna Group in the 4th quarter valued at $36,000. Transce3nd LLC bought a new stake in Cigna Group in the 4th quarter valued at $38,000. Ameriflex Group Inc. bought a new stake in Cigna Group in the 4th quarter valued at $44,000. Finally, Heck Capital Advisors LLC bought a new stake in Cigna Group in the 4th quarter valued at $53,000. 86.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CI. Cantor Fitzgerald boosted their price objective on shares of Cigna Group from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Truist Financial lifted their price target on shares of Cigna Group from $385.00 to $405.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Cigna Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. TD Cowen upgraded shares of Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $371.00 price target on shares of Cigna Group in a research note on Thursday, June 26th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $380.39.

Cigna Group Stock Down 0.3%

Cigna Group stock opened at $319.48 on Monday. The firm has a market capitalization of $85.34 billion, a PE ratio of 17.69, a P/E/G ratio of 0.95 and a beta of 0.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.72 and a quick ratio of 0.72. The company's 50-day moving average is $319.74 and its 200-day moving average is $309.81. Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83.

Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results on Friday, May 2nd. The health services provider reported $6.74 EPS for the quarter, topping the consensus estimate of $6.35 by $0.39. Cigna Group had a net margin of 1.97% and a return on equity of 18.63%. The business had revenue of $65.45 billion during the quarter, compared to the consensus estimate of $60.39 billion. During the same quarter in the previous year, the firm posted $6.47 EPS. Cigna Group's revenue was up 14.4% compared to the same quarter last year. Sell-side analysts anticipate that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Tuesday, June 3rd. Cigna Group's dividend payout ratio is 33.44%.

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.

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