Cigna Group (NYSE:CI) Shares Sold by Red Door Wealth Management LLC

Red Door Wealth Management LLC lessened its stake in shares of Cigna Group (NYSE:CI - Free Report) by 60.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,332 shares of the health services provider's stock after selling 2,064 shares during the quarter. Red Door Wealth Management LLC's holdings in Cigna Group were worth $438,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Two Sigma Investments LP raised its stake in shares of Cigna Group by 32.6% in 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 purchasing an additional 188,235 shares in the last quarter. Humankind Investments LLC lifted its position in shares of Cigna Group by 12.1% during the fourth quarter. Humankind Investments LLC now owns 5,294 shares of the health services provider's stock worth $1,462,000 after purchasing an additional 571 shares in the last quarter. NBC Securities Inc. bought a new position in Cigna Group in the 1st quarter valued at $123,000. First American Trust FSB acquired a new position in Cigna Group during the 4th quarter valued at about $4,471,000. Finally, English Capital Management LLC boosted its stake in Cigna Group by 6.2% in the fourth quarter. English Capital Management LLC now owns 20,586 shares of the health services provider's stock valued at $5,685,000 after acquiring an additional 1,202 shares during the last quarter. Institutional investors own 86.99% of the company's stock.

Cigna Group Stock Down 0.3%

Shares of CI stock traded down $0.92 during mid-day trading on Thursday, hitting $319.48. 852,424 shares of the stock traded hands, compared to its average volume of 1,739,763. The stock's fifty day moving average is $320.38 and its two-hundred day moving average is $308.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.72 and a quick ratio of 0.72. Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83. The stock has a market cap of $85.34 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.99 and a beta of 0.44.

Cigna Group (NYSE:CI - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The health services provider reported $6.74 EPS for the quarter, beating the consensus estimate of $6.35 by $0.39. Cigna Group had a net margin of 1.97% and a return on equity of 18.63%. The company had revenue of $65.45 billion for the quarter, compared to analyst estimates of $60.39 billion. During the same quarter last year, the business earned $6.47 earnings per share. The firm's revenue was up 14.4% on a year-over-year basis. Equities analysts predict that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.89%. The ex-dividend date was Tuesday, June 3rd. Cigna Group's payout ratio is 33.44%.

Wall Street Analyst Weigh In

CI has been the topic of several recent analyst reports. Wall Street Zen upgraded Cigna Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Truist Financial lifted their target price on Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Robert W. Baird reduced their price objective on Cigna Group from $388.00 to $362.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Mizuho lifted their price objective on shares of Cigna Group from $360.00 to $384.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Finally, Cowen reissued a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Cigna Group has a consensus rating of "Buy" and an average target price 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.