The Cigna Group (NYSE:CI) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in The Cigna Group (NYSE:CI - Free Report) by 93.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,505 shares of the health services provider's stock after buying an additional 1,692 shares during the period. Farther Finance Advisors LLC's holdings in The Cigna Group were worth $1,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Two Sigma Investments LP grew its stake in The Cigna Group by 32.6% during the fourth quarter. Two Sigma Investments LP now owns 764,900 shares of the health services provider's stock valued at $211,219,000 after acquiring an additional 188,235 shares in the last quarter. Valley Wealth Managers Inc. boosted its stake in The Cigna Group by 2.8% during the fourth quarter. Valley Wealth Managers Inc. now owns 56,933 shares of the health services provider's stock valued at $15,721,000 after buying an additional 1,548 shares during the last quarter. Humankind Investments LLC grew its holdings in The Cigna Group by 12.1% during the 4th quarter. Humankind Investments LLC now owns 5,294 shares of the health services provider's stock valued at $1,462,000 after buying an additional 571 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in The Cigna Group by 2.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 125,898 shares of the health services provider's stock valued at $35,080,000 after buying an additional 3,565 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. increased its stake in The Cigna Group by 3.2% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 32,272 shares of the health services provider's stock worth $8,912,000 after acquiring an additional 1,008 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CI shares. Barclays reiterated an "overweight" rating and set a $385.00 target price (up from $382.00) on shares of The Cigna Group in a research report on Monday, June 2nd. Truist Financial boosted their target price on shares of The Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Mizuho upped their target price on shares of The Cigna Group from $360.00 to $384.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. Guggenheim reiterated a "buy" rating and issued a $388.00 price target on shares of The Cigna Group in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded The Cigna Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $380.39.

The Cigna Group Stock Performance

Shares of CI traded up $1.66 during trading hours on Friday, reaching $317.03. 1,866,266 shares of the company traded hands, compared to its average volume of 1,712,757. The stock has a market capitalization of $84.69 billion, a P/E ratio of 25.90, a P/E/G ratio of 0.98 and a beta of 0.44. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average price of $322.23 and a 200-day moving average price of $308.70. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83.

The Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The health services provider reported $6.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.39. The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. The firm had revenue of $65.45 billion during the quarter, compared to analysts' expectations of $60.39 billion. During the same period last year, the business posted $6.47 earnings per share. The company's revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts anticipate that The Cigna Group will post 29.77 EPS for the current fiscal year.

The Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be paid a $1.51 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.91%. The Cigna Group's payout ratio is 33.44%.

The 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.