Cigna Group (NYSE:CI) Stock Position Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in Cigna Group (NYSE:CI - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 23,093 shares of the health services provider's stock after selling 1,685 shares during the quarter. Vontobel Holding Ltd.'s holdings in Cigna Group were worth $7,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CI. Two Sigma Investments LP increased its position in Cigna Group by 32.6% during the 4th quarter. Two Sigma Investments LP now owns 764,900 shares of the health services provider's stock valued at $211,219,000 after buying an additional 188,235 shares in the last quarter. Humankind Investments LLC boosted its stake in shares of Cigna Group by 12.1% in the 4th quarter. Humankind Investments LLC now owns 5,294 shares of the health services provider's stock worth $1,462,000 after buying an additional 571 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Cigna Group in the 1st quarter worth $123,000. First American Trust FSB purchased a new position in Cigna Group during the fourth quarter valued at $4,471,000. Finally, English Capital Management LLC lifted its position in Cigna Group by 6.2% during the fourth quarter. English Capital Management LLC now owns 20,586 shares of the health services provider's stock valued at $5,685,000 after purchasing an additional 1,202 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Piper Sandler boosted their price objective on Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Morgan Stanley boosted their price objective on Cigna Group from $379.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Truist Financial boosted their target price on Cigna Group from $385.00 to $405.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Robert W. Baird lowered their price target on Cigna Group from $388.00 to $362.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Cantor Fitzgerald boosted their price target on Cigna Group from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Two 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. According to data from MarketBeat.com, Cigna Group presently has an average rating of "Buy" and an average target price of $380.39.

Cigna Group Price Performance

CI traded down $0.92 on Friday, hitting $319.48. 852,424 shares of the company were exchanged, compared to its average volume of 1,743,646. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 0.72. The business's fifty day moving average is $319.74 and its 200 day moving average is $309.56. Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The firm has a market capitalization of $85.34 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 0.95 and a beta of 0.44.

Cigna Group (NYSE:CI - Get Free Report) last announced its 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. Cigna Group had a net margin of 1.97% and a return on equity of 18.63%. The firm had revenue of $65.45 billion for the quarter, compared to analyst estimates of $60.39 billion. During the same quarter last year, the business earned $6.47 earnings per share. Cigna Group's revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were issued a dividend of $1.51 per share. 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.