Roman Butler Fullerton & Co. Lowers Holdings in Cigna Group (NYSE:CI)

Roman Butler Fullerton & Co. reduced its position in Cigna Group (NYSE:CI - Free Report) by 89.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,016 shares of the health services provider's stock after selling 122,935 shares during the quarter. Cigna Group comprises approximately 1.8% of Roman Butler Fullerton & Co.'s portfolio, making the stock its 11th biggest position. Roman Butler Fullerton & Co.'s holdings in Cigna Group were worth $4,606,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CI. Brighton Jones LLC lifted its holdings in shares of Cigna Group by 9.3% during the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock worth $1,032,000 after purchasing an additional 318 shares during the period. Principal Securities Inc. lifted its holdings in shares of Cigna Group by 16.4% during the fourth quarter. Principal Securities Inc. now owns 9,096 shares of the health services provider's stock worth $2,512,000 after purchasing an additional 1,281 shares during the period. Allworth Financial LP lifted its holdings in shares of Cigna Group by 5.2% during the fourth quarter. Allworth Financial LP now owns 6,097 shares of the health services provider's stock worth $1,762,000 after purchasing an additional 303 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Cigna Group during the fourth quarter worth $63,000. Finally, Americana Partners LLC lifted its holdings in shares of Cigna Group by 32.1% during the fourth quarter. Americana Partners LLC now owns 1,234 shares of the health services provider's stock worth $341,000 after purchasing an additional 300 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CI has been the subject of several recent research reports. Morgan Stanley increased their price target on Cigna Group from $379.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Royal Bank Of Canada reissued an "outperform" rating and issued a $371.00 target price on shares of Cigna Group in a report on Tuesday, June 3rd. Cowen reissued a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Mizuho raised their target price on Cigna Group from $360.00 to $384.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Finally, Piper Sandler raised their target price on Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Cigna Group has a consensus rating of "Buy" and an average target price of $380.39.

Cigna Group Price Performance

Cigna Group stock traded up $1.83 during midday trading on Thursday, reaching $314.34. 1,170,259 shares of the company were exchanged, compared to its average volume of 1,715,859. The company has a market capitalization of $83.97 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 0.93 and a beta of 0.44. The firm's 50-day simple moving average is $321.79 and its 200-day simple moving average is $307.93. Cigna Group has a 1 year low of $262.03 and a 1 year 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.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The health services provider reported $6.74 EPS for the quarter, topping analysts' consensus estimates of $6.35 by $0.39. The firm had revenue of $65.45 billion during the quarter, compared to analysts' expectations of $60.39 billion. Cigna Group had a return on equity of 18.63% and a net margin of 1.97%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $6.47 EPS. On average, analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Tuesday, June 3rd. Cigna Group's dividend payout ratio is presently 33.44%.

About 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.