Roffman Miller Associates Inc. PA Increases Holdings in Cigna Group (NYSE:CI)

Roffman Miller Associates Inc. PA increased its position in Cigna Group (NYSE:CI - Free Report) by 16.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,874 shares of the health services provider's stock after acquiring an additional 8,442 shares during the period. Roffman Miller Associates Inc. PA's holdings in Cigna Group were worth $20,028,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Cigna Group in the 4th quarter worth $867,785,000. T. Rowe Price Investment Management Inc. bought a new stake in Cigna Group during the fourth quarter valued at about $724,517,000. GAMMA Investing LLC increased its position in Cigna Group by 58,799.0% in the first quarter. GAMMA Investing LLC now owns 1,774,626 shares of the health services provider's stock worth $583,852,000 after buying an additional 1,771,613 shares in the last quarter. GQG Partners LLC raised its stake in shares of Cigna Group by 22.4% in the fourth quarter. GQG Partners LLC now owns 4,021,582 shares of the health services provider's stock worth $1,110,520,000 after buying an additional 737,099 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Cigna Group by 278.0% during the 4th quarter. Two Sigma Advisers LP now owns 816,200 shares of the health services provider's stock valued at $225,385,000 after buying an additional 600,300 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on CI shares. Barclays restated an "overweight" rating and set a $385.00 target price (up previously from $382.00) on shares of Cigna Group in a research note on Monday, June 2nd. Mizuho raised their price objective 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 upped their target price on shares of Cigna Group from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Wall Street Zen raised Cigna Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Guggenheim restated a "buy" rating and issued a $388.00 price objective on shares of Cigna Group in a research report on Friday, May 23rd. Two equities research 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 data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $380.39.

Cigna Group Trading Down 2.0%

NYSE:CI traded down $6.41 during mid-day trading on Monday, hitting $313.34. 1,397,162 shares of the stock traded hands, compared to its average volume of 1,742,260. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.65. Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83. The stock has a market capitalization of $83.71 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.95 and a beta of 0.44. The firm's 50 day moving average is $319.74 and its two-hundred day moving average is $309.81.

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

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.93%. The ex-dividend date was Tuesday, June 3rd. Cigna Group's dividend payout ratio is presently 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.