The Cigna Group (NYSE:CI) Stock Holdings Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its holdings in shares of The Cigna Group (NYSE:CI - Free Report) by 107.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,149 shares of the health services provider's stock after acquiring an additional 1,631 shares during the quarter. Simon Quick Advisors LLC's holdings in The Cigna Group were worth $1,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its position in shares of 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 worth $1,509,000 after buying an additional 34 shares during the period. Kesler Norman & Wride LLC boosted its holdings in The Cigna Group by 1.8% during the 4th quarter. Kesler Norman & Wride LLC now owns 2,033 shares of the health services provider's stock valued at $562,000 after acquiring an additional 35 shares during the period. Wynn Capital LLC grew its position in The Cigna Group by 1.0% in the 1st quarter. Wynn Capital LLC now owns 3,451 shares of the health services provider's stock valued at $1,135,000 after acquiring an additional 35 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its stake in The Cigna Group by 1.9% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,883 shares of the health services provider's stock worth $520,000 after purchasing an additional 36 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of The Cigna Group by 2.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,626 shares of the health services provider's stock worth $535,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CI. Morgan Stanley raised their price target on shares of The Cigna Group from $379.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Truist Financial boosted their price target on shares of The Cigna Group from $385.00 to $405.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Mizuho raised their target price on shares of The Cigna Group from $360.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. Piper Sandler boosted their price target on The Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Cowen restated a "buy" rating on shares of The Cigna Group in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, The Cigna Group presently has a consensus rating of "Buy" and an average target price of $380.39.

The Cigna Group Price Performance

NYSE:CI traded down $4.12 during trading hours on Monday, reaching $313.28. 662,498 shares of the company traded hands, compared to its average volume of 1,714,157. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.66 and a quick ratio of 0.72. The stock has a market cap of $83.69 billion, a P/E ratio of 25.60, a P/E/G ratio of 0.98 and a beta of 0.44. The Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The firm's 50-day moving average is $322.31 and its 200-day moving average is $308.18.

The 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, beating analysts' consensus estimates of $6.35 by $0.39. The company had revenue of $65.45 billion during the quarter, compared to the consensus estimate of $60.39 billion. The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.47 EPS. Equities research analysts expect that The Cigna Group will post 29.77 earnings per share for the current fiscal year.

The Cigna Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $1.51 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $6.04 annualized dividend and a yield of 1.93%. The Cigna Group's dividend payout ratio is presently 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.