Cigna Group (NYSE:CI) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its position in Cigna Group (NYSE:CI - Free Report) by 32.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,926 shares of the health services provider's stock after selling 5,359 shares during the period. Kintegral Advisory LLC's holdings in Cigna Group were worth $3,595,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Family Legacy Inc. lifted its stake in Cigna Group by 0.5% during the 1st quarter. Family Legacy Inc. now owns 6,497 shares of the health services provider's stock valued at $2,138,000 after acquiring an additional 31 shares during the period. Impact Investors Inc grew its holdings in Cigna Group by 1.6% during the first quarter. Impact Investors Inc now owns 1,975 shares of the health services provider's stock worth $650,000 after acquiring an additional 31 shares during the period. Mission Wealth Management LP lifted its holdings in Cigna Group by 1.5% in the first quarter. Mission Wealth Management LP now owns 2,101 shares of the health services provider's stock valued at $691,000 after acquiring an additional 32 shares during the period. Westend Capital Management LLC boosted its position in Cigna Group by 8.1% in the 1st quarter. Westend Capital Management LLC now owns 427 shares of the health services provider's stock worth $140,000 after purchasing an additional 32 shares in the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of Cigna Group by 0.7% during the 1st quarter. Moody National Bank Trust Division now owns 4,587 shares of the health services provider's stock worth $1,509,000 after purchasing an additional 34 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CI has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Cigna Group from $379.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Wall Street Zen raised Cigna Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Robert W. Baird cut their price objective on Cigna Group from $388.00 to $362.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Cowen reissued a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $380.39.

Cigna Group Trading Down 0.3%

CI stock traded down $0.92 during midday trading on Friday, hitting $319.48. 852,424 shares of the company's stock were exchanged, compared to its average volume of 1,743,119. Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The stock 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 business has a 50-day simple moving average of $319.74 and a two-hundred day simple moving average of $309.38.

Cigna Group (NYSE:CI - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The health services provider reported $6.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.35 by $0.39. The firm had revenue of $65.45 billion during the quarter, compared to the consensus estimate of $60.39 billion. Cigna Group had a return on equity of 18.63% and a net margin of 1.97%. The company's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $6.47 EPS. On average, sell-side analysts predict that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were given a $1.51 dividend. 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 payout ratio is 33.44%.

Cigna Group 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.