Keybank National Association OH Boosts Stock Position in Cigna Group (NYSE:CI)

Keybank National Association OH lifted its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 0.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,390 shares of the health services provider's stock after purchasing an additional 1,174 shares during the quarter. Keybank National Association OH's holdings in Cigna Group were worth $43,556,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. TCTC Holdings LLC purchased a new stake in shares of Cigna Group during the fourth quarter worth approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of Cigna Group during the fourth quarter worth approximately $36,000. Transce3nd LLC purchased a new stake in shares of Cigna Group during the fourth quarter worth approximately $38,000. Ameriflex Group Inc. purchased a new stake in shares of Cigna Group during the fourth quarter worth approximately $44,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Cigna Group during the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CI. Barclays restated an "overweight" rating and set a $385.00 target price (up from $382.00) on shares of Cigna Group in a research note on Monday, June 2nd. Truist Financial upped their target price on shares of Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada restated an "outperform" rating and set a $371.00 target price on shares of Cigna Group in a research note on Thursday, June 26th. TD Cowen upgraded shares of Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Finally, Wall Street Zen upgraded shares of Cigna Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $380.39.

Cigna Group Price Performance

Cigna Group stock traded down $0.92 during midday trading on Friday, reaching $319.48. The company's stock had a trading volume of 852,424 shares, compared to its average volume of 1,743,646. Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. 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 stock's 50 day simple moving average is $319.74 and its 200 day simple moving average is $309.56. The firm has a market capitalization of $85.35 billion, a PE ratio of 17.69, a P/E/G ratio of 0.95 and a beta of 0.44.

Cigna Group (NYSE:CI - Get Free Report) last released its earnings results 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 company had revenue of $65.45 billion during the quarter, compared to the consensus estimate of $60.39 billion. Cigna Group had a return on equity of 18.63% and a net margin of 1.97%. Cigna Group's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $6.47 earnings per share. On average, equities research analysts forecast that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Tuesday, June 3rd. Cigna Group's dividend payout ratio (DPR) is presently 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.