The Cigna Group (NYSE:CI) is Wilsey Asset Management Inc.'s 7th Largest Position

Wilsey Asset Management Inc. lifted its stake in The Cigna Group (NYSE:CI - Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,089 shares of the health services provider's stock after buying an additional 932 shares during the quarter. The Cigna Group makes up 6.5% of Wilsey Asset Management Inc.'s holdings, making the stock its 7th largest position. Wilsey Asset Management Inc.'s holdings in The Cigna Group were worth $32,600,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC purchased a new stake in shares of The Cigna Group in the fourth quarter worth about $25,000. Putney Financial Group LLC acquired a new position in The Cigna Group in the 4th quarter worth about $36,000. Compagnie Lombard Odier SCmA acquired a new position in The Cigna Group in the 4th quarter worth about $37,000. Transce3nd LLC acquired a new position in The Cigna Group in the 4th quarter worth about $38,000. Finally, Ameriflex Group Inc. acquired a new position in The Cigna Group in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

CI has been the subject of a number of analyst reports. Truist Financial upped their price target on The Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Mizuho upped their price target on The Cigna Group from $360.00 to $384.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Wall Street Zen raised The Cigna Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Robert W. Baird reduced their price target on The Cigna Group from $388.00 to $362.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $371.00 price target on shares of The Cigna Group in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $380.39.

The Cigna Group Price Performance

Shares of NYSE:CI traded up $1.66 during midday trading on Friday, hitting $317.03. The company had a trading volume of 1,866,266 shares, compared to its average volume of 1,718,142. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. 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 $84.69 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.44. The business's 50-day simple moving average is $322.31 and its 200-day simple moving average is $308.38.

The Cigna Group (NYSE:CI - Get Free Report) last posted 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. The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. The firm had revenue of $65.45 billion during the quarter, compared to analysts' expectations of $60.39 billion. During the same quarter last year, the firm earned $6.47 earnings per share. The business's revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts predict that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be issued a $1.51 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $6.04 annualized dividend and a dividend yield of 1.91%. The Cigna Group's dividend payout ratio is presently 33.44%.

The Cigna Group Company 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.