Cigna Group (NYSE:CI) Shares Purchased by Xponance Inc.

Xponance Inc. grew its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 2.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 45,815 shares of the health services provider's stock after acquiring an additional 1,232 shares during the quarter. Xponance Inc.'s holdings in Cigna Group were worth $15,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock valued at $1,032,000 after buying an additional 318 shares during the period. Proficio Capital Partners LLC increased its stake in shares of Cigna Group by 24.5% during the fourth quarter. Proficio Capital Partners LLC now owns 864 shares of the health services provider's stock valued at $239,000 after acquiring an additional 170 shares during the period. Independent Advisor Alliance raised its holdings in Cigna Group by 179.3% during the fourth quarter. Independent Advisor Alliance now owns 5,895 shares of the health services provider's stock worth $1,628,000 after purchasing an additional 3,784 shares in the last quarter. PFG Advisors lifted its position in Cigna Group by 16.2% in the fourth quarter. PFG Advisors now owns 2,615 shares of the health services provider's stock worth $722,000 after purchasing an additional 364 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in Cigna Group by 27.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,316 shares of the health services provider's stock valued at $1,744,000 after purchasing an additional 1,368 shares in the last quarter. Institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on CI shares. Mizuho boosted their price objective on Cigna Group from $360.00 to $384.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Morgan Stanley boosted their price target on shares of Cigna Group from $379.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. TD Cowen upgraded shares of Cigna Group to a "strong-buy" rating in a research report on Monday, June 23rd. Truist Financial boosted their target price on shares of Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Wall Street Zen raised shares of Cigna Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $380.39.

Cigna Group Price Performance

NYSE CI opened at $308.48 on Friday. The firm has a market capitalization of $82.41 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 0.92 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 has a 50 day simple moving average of $317.65 and a 200-day simple moving average of $310.26. Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The health services provider reported $6.74 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $60.39 billion. During the same period in the previous year, the company posted $6.47 EPS. Cigna Group's revenue was up 14.4% on a year-over-year basis. Equities 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 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 annualized dividend and a yield of 1.96%. The ex-dividend date was Tuesday, June 3rd. Cigna Group's dividend 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.

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