Mn Services Vermogensbeheer B.V. Has $35.47 Million Holdings in The Cigna Group (NYSE:CI)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of The Cigna Group (NYSE:CI - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,800 shares of the health services provider's stock after selling 8,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in The Cigna Group were worth $35,466,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC bought a new position in shares of The Cigna Group in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC bought a new position in The Cigna Group during the 4th quarter valued at $36,000. Compagnie Lombard Odier SCmA acquired a new position in shares of The Cigna Group during the 4th quarter valued at $37,000. Transce3nd LLC bought a new stake in shares of The Cigna Group in the 4th quarter worth $38,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of The Cigna Group in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 86.99% of the company's stock.

The Cigna Group Stock Up 0.5%

Shares of The Cigna Group stock traded up $1.66 on Friday, hitting $317.03. 1,866,266 shares of the company traded hands, compared to its average volume of 1,718,142. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70. The company has a market cap of $84.69 billion, a PE ratio of 25.90, a PEG ratio of 0.98 and a beta of 0.44. The company has a 50-day moving average price of $322.31 and a 200 day moving average price of $308.38.

The Cigna Group (NYSE:CI - Get Free Report) last issued its earnings results 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 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 for the quarter, compared to the consensus estimate of $60.39 billion. During the same quarter in the previous year, the company posted $6.47 earnings per share. The business's quarterly revenue was up 14.4% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, June 3rd. The Cigna Group's dividend payout ratio is 33.44%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CI shares. Robert W. Baird lowered their target price on The Cigna Group from $388.00 to $362.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald raised their price objective on shares of The Cigna Group from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $371.00 target price on shares of The Cigna Group in a report on Tuesday, June 3rd. 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 report on Wednesday, April 9th. Finally, Truist Financial lifted their price target on shares of The Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $380.39.

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.