Cigna Group (NYSE:CI) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its position in Cigna Group (NYSE:CI - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,018 shares of the health services provider's stock after selling 2,192 shares during the quarter. Brown Advisory Inc.'s holdings in Cigna Group were worth $8,231,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CI. Brighton Jones LLC raised its stake in shares of Cigna Group by 9.3% in the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock worth $1,032,000 after purchasing an additional 318 shares during the last quarter. Proficio Capital Partners LLC raised its position in 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 in the last quarter. Independent Advisor Alliance raised its position 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 valued at $1,628,000 after acquiring an additional 3,784 shares in the last quarter. PFG Advisors raised its position in Cigna Group by 16.2% during the fourth quarter. PFG Advisors now owns 2,615 shares of the health services provider's stock valued at $722,000 after acquiring an additional 364 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Cigna Group by 27.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,316 shares of the health services provider's stock valued at $1,744,000 after acquiring an additional 1,368 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Cantor Fitzgerald lifted their price target on Cigna Group from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. TD Cowen upgraded Cigna Group to a "strong-buy" rating in a research report on Monday, June 23rd. Robert W. Baird reduced their price target 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. Truist Financial lifted their price target on Cigna Group from $385.00 to $405.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, Guggenheim reiterated a "buy" rating and set a $388.00 price target on shares of Cigna Group in a research report on Friday, May 23rd. Two 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 company. According to MarketBeat, Cigna Group has a consensus rating of "Buy" and a consensus target price of $380.39.

Cigna Group Stock Performance

Shares of NYSE:CI opened at $302.71 on Friday. 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 business's 50 day moving average price is $317.02 and its 200-day moving average price is $310.41. The firm has a market capitalization of $80.86 billion, a PE ratio of 16.76, a P/E/G ratio of 0.92 and a beta of 0.44. Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83.

Cigna Group (NYSE:CI - Get Free Report) last issued its quarterly earnings results 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 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 business's revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $6.47 earnings per share. As a group, equities research analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Tuesday, June 3rd. Cigna Group's dividend payout ratio (DPR) is currently 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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