The Cigna Group (NYSE:CI) is Nepsis Inc.'s 10th Largest Position

Nepsis Inc. reduced its position in The Cigna Group (NYSE:CI - Free Report) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,542 shares of the health services provider's stock after selling 914 shares during the quarter. The Cigna Group makes up about 4.3% of Nepsis Inc.'s holdings, making the stock its 10th largest position. Nepsis Inc.'s holdings in The Cigna Group were worth $17,615,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

CI has been the subject of several analyst reports. Robert W. Baird reduced their target price on shares of The Cigna Group from $388.00 to $362.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Mizuho increased their price objective on shares of The Cigna Group from $360.00 to $384.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of The Cigna Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Cantor Fitzgerald lifted their target price on shares of The Cigna Group from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $371.00 price target on shares of The Cigna Group in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, The Cigna Group presently has an average rating of "Buy" and a consensus target price of $380.39.

The Cigna Group Price Performance

NYSE:CI traded up $1.66 during trading hours on Friday, reaching $317.03. The stock had a trading volume of 1,866,266 shares, compared to its average volume of 1,714,898. The stock has a market capitalization of $84.69 billion, a PE ratio of 25.90, a PEG ratio of 0.98 and a beta of 0.44. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83. The company has a 50 day moving average price of $322.31 and a two-hundred day moving average price of $308.57. 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 Cigna Group (NYSE:CI - Get Free Report) last posted its earnings results on Friday, May 2nd. The health services provider reported $6.74 earnings per share for the quarter, beating analysts' consensus estimates of $6.35 by $0.39. The firm had revenue of $65.45 billion during the quarter, compared to analyst estimates of $60.39 billion. The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. The Cigna Group's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $6.47 earnings per share. As a group, sell-side analysts anticipate that The Cigna Group will post 29.77 earnings per share for the current fiscal year.

The Cigna Group Announces Dividend

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

About The Cigna Group

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.