The Cigna Group (NYSE:CI) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC decreased its holdings in The Cigna Group (NYSE:CI - Free Report) by 9.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,509 shares of the health services provider's stock after selling 994 shares during the quarter. Integrated Advisors Network LLC's holdings in The Cigna Group were worth $3,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Moody National Bank Trust Division increased its stake in shares of The Cigna Group by 0.7% during the first quarter. Moody National Bank Trust Division now owns 4,587 shares of the health services provider's stock valued at $1,509,000 after buying an additional 34 shares during the period. Kesler Norman & Wride LLC boosted its holdings in shares of The Cigna Group by 1.8% during the 4th quarter. Kesler Norman & Wride LLC now owns 2,033 shares of the health services provider's stock valued at $562,000 after acquiring an additional 35 shares during the last quarter. Wynn Capital LLC boosted its stake in The Cigna Group by 1.0% in the 1st quarter. Wynn Capital LLC now owns 3,451 shares of the health services provider's stock worth $1,135,000 after purchasing an additional 35 shares during the period. Hudson Edge Investment Partners Inc. raised its position in shares of The Cigna Group by 1.9% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,883 shares of the health services provider's stock valued at $520,000 after buying an additional 36 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of The Cigna Group by 2.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,626 shares of the health services provider's stock worth $535,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on CI shares. Wall Street Zen upgraded shares of The Cigna Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Robert W. Baird reduced their price objective on The Cigna Group from $388.00 to $362.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Piper Sandler increased their target price on The Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Cowen reiterated a "buy" rating on shares of The Cigna Group in a research report on Monday, May 5th. Finally, Guggenheim restated a "buy" rating and issued a $388.00 target price on shares of The Cigna Group in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, The Cigna Group has a consensus rating of "Buy" and a consensus price target of $380.39.

The Cigna Group Stock Up 0.4%

CI stock traded up $1.23 during mid-day trading on Friday, reaching $316.60. The company had a trading volume of 1,102,370 shares, compared to its average volume of 1,709,858. The firm has a fifty day simple moving average of $322.23 and a 200 day simple moving average of $308.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.66. The company has a market capitalization of $84.58 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 0.98 and a beta of 0.44. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83.

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

The Cigna Group Announces Dividend

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