Clark Estates Inc. NY Has $2.23 Million Holdings in Cigna Group (NYSE:CI)

Clark Estates Inc. NY lessened its holdings in Cigna Group (NYSE:CI - Free Report) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,777 shares of the health services provider's stock after selling 2,588 shares during the quarter. Clark Estates Inc. NY's holdings in Cigna Group were worth $2,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Evermay Wealth Management LLC grew its holdings in shares of Cigna Group by 58.6% in the 1st quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider's stock worth $37,000 after purchasing an additional 41 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in Cigna Group during the 1st quarter worth about $38,000. Wayfinding Financial LLC bought a new stake in Cigna Group during the 1st quarter worth about $40,000. Putney Financial Group LLC bought a new stake in Cigna Group during the 4th quarter worth about $36,000. Finally, Transce3nd LLC bought a new stake in Cigna Group during the 4th quarter worth about $38,000. Institutional investors own 86.99% of the company's stock.

Cigna Group Trading Down 1.9%

Shares of NYSE:CI traded down $5.12 during mid-day trading on Friday, reaching $262.26. The stock had a trading volume of 3,428,214 shares, compared to its average volume of 1,845,971. The firm has a market cap of $70.06 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.90 and a beta of 0.44. The firm has a 50 day simple moving average of $309.98 and a two-hundred day simple moving average of $312.08. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Cigna Group has a twelve month low of $256.89 and a twelve month high of $370.83.

Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping the consensus estimate of $7.15 by $0.05. The firm had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a net margin of 1.97% and a return on equity of 18.63%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $6.72 EPS. On average, research analysts predict that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $1.51 dividend. The ex-dividend date is Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.3%. Cigna Group's dividend payout ratio (DPR) is 33.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $371.00 price objective on shares of Cigna Group in a report on Thursday, June 26th. Wall Street Zen lowered shares of Cigna Group from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Mizuho increased their price objective on shares of Cigna Group from $360.00 to $384.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Cowen reissued a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Finally, Guggenheim restated a "buy" rating and set a $388.00 target price on shares of Cigna Group in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $378.67.

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.