Proficio Capital Partners LLC Acquires 1,125 Shares of Cigna Group (NYSE:CI)

Proficio Capital Partners LLC boosted its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 130.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,989 shares of the health services provider's stock after buying an additional 1,125 shares during the period. Proficio Capital Partners LLC's holdings in Cigna Group were worth $654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Putney Financial Group LLC acquired a new stake in Cigna Group in the 4th quarter valued at $36,000. Transce3nd LLC acquired a new stake in shares of Cigna Group in the 4th quarter valued at $38,000. Wayfinding Financial LLC bought a new stake in shares of Cigna Group in the 1st quarter worth about $40,000. Ameriflex Group Inc. acquired a new stake in shares of Cigna Group during the 4th quarter worth about $44,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Cigna Group during the 4th quarter worth about $53,000. Institutional investors own 86.99% of the company's stock.

Cigna Group Trading Up 0.8%

Shares of Cigna Group stock traded up $2.43 on Friday, hitting $296.36. 1,325,699 shares of the company's stock traded hands, compared to its average volume of 1,724,874. The firm's 50-day moving average price is $312.53 and its two-hundred day moving average price is $312.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $79.17 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 0.89 and a beta of 0.44. Cigna Group has a one year low of $262.03 and a one year high of $370.83.

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. Cigna Group had a return on equity of 18.63% and a net margin of 1.97%. The business had revenue of $65.45 billion during the quarter, compared to the consensus estimate of $60.39 billion. During the same quarter in the prior year, the company posted $6.47 earnings per share. The firm's revenue was up 14.4% on a year-over-year basis. On average, research analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 4th. Cigna Group's payout ratio is 33.44%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CI. Guggenheim reaffirmed a "buy" rating and set a $388.00 price objective on shares of Cigna Group in a research note on Friday, May 23rd. Truist Financial increased their price target on Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Morgan Stanley raised their price target on Cigna Group from $379.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Robert W. Baird decreased their target price on Cigna Group from $388.00 to $362.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Mizuho raised their target price on Cigna Group from $360.00 to $384.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $380.39.

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.