Seizert Capital Partners LLC Acquires 15,504 Shares of Cigna Group (NYSE:CI)

Seizert Capital Partners LLC grew its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,971 shares of the health services provider's stock after acquiring an additional 15,504 shares during the period. Cigna Group comprises about 2.3% of Seizert Capital Partners LLC's investment portfolio, making the stock its 14th biggest holding. Seizert Capital Partners LLC owned approximately 0.06% of Cigna Group worth $49,669,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CI. Evermay Wealth Management LLC grew its stake in Cigna Group by 58.6% in the first quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider's stock worth $37,000 after purchasing an additional 41 shares in the last quarter. Richardson Financial Services Inc. bought a new position in Cigna Group in the first quarter worth about $38,000. Wayfinding Financial LLC bought a new position in Cigna Group in the first quarter worth about $40,000. Putney Financial Group LLC bought a new position in Cigna Group in the fourth quarter worth about $36,000. Finally, Transce3nd LLC bought a new position in Cigna Group in the fourth quarter worth about $38,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Robert W. Baird cut their target price on shares of Cigna Group from $388.00 to $362.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Barclays cut their price target on Cigna Group from $385.00 to $354.00 and set an "overweight" rating on the stock in a report on Friday. Truist Financial lifted their price target on Cigna Group from $385.00 to $405.00 and gave the company a "buy" rating in a report on Monday, May 12th. TD Cowen raised Cigna Group to a "strong-buy" rating in a report on Monday, June 23rd. Finally, Wall Street Zen cut Cigna Group from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Cigna Group presently has an average rating of "Buy" and a consensus target price of $378.67.

Cigna Group Stock Down 1.9%

Shares of CI stock traded down $5.12 during trading hours on Friday, hitting $262.26. 3,428,214 shares of the company were exchanged, compared to its average volume of 1,845,971. The business has a 50 day moving average of $309.98 and a two-hundred day moving average of $312.08. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Cigna Group has a 52 week low of $256.89 and a 52 week high of $370.83. The company has a market capitalization of $70.06 billion, a PE ratio of 14.52, a PEG ratio of 0.90 and a beta of 0.44.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping analysts' consensus estimates of $7.15 by $0.05. The business had revenue of $67.13 billion during the quarter, compared to analysts' expectations of $62.61 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 11.0% on a year-over-year basis. During the same quarter last year, the company posted $6.72 earnings per share. Analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $1.51 dividend. The ex-dividend date is Thursday, September 4th. This represents a $6.04 annualized dividend and a dividend yield of 2.3%. Cigna Group's payout ratio 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.