Turtle Creek Wealth Advisors LLC Invests $5.56 Million in Cigna Group (NYSE:CI)

Turtle Creek Wealth Advisors LLC acquired a new stake in Cigna Group (NYSE:CI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,893 shares of the health services provider's stock, valued at approximately $5,558,000.

A number of other hedge funds have also made changes to their positions in CI. Brighton Jones LLC boosted its stake in Cigna Group by 9.3% during the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock valued at $1,032,000 after buying an additional 318 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Cigna Group by 24.5% in the 4th quarter. Proficio Capital Partners LLC now owns 864 shares of the health services provider's stock valued at $239,000 after acquiring an additional 170 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Cigna Group by 3.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,740 shares of the health services provider's stock valued at $3,242,000 after acquiring an additional 392 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Cigna Group by 739.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,910 shares of the health services provider's stock valued at $4,946,000 after purchasing an additional 15,776 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Cigna Group by 3.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 110,970 shares of the health services provider's stock worth $30,643,000 after purchasing an additional 3,905 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analyst Weigh In

CI has been the topic of several recent research reports. Wall Street Zen upgraded shares of Cigna Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. TD Cowen raised Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Cowen reaffirmed a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Royal Bank Of Canada reissued an "outperform" rating and issued a $371.00 price target on shares of Cigna Group in a research note on Thursday, June 26th. Finally, Morgan Stanley upped their price objective on shares of Cigna Group from $379.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $380.39.

Cigna Group Stock Down 0.1%

Shares of NYSE:CI traded down $0.35 during trading on Monday, reaching $302.92. 926,226 shares of the company traded hands, compared to its average volume of 1,824,361. Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.65. The firm has a market cap of $80.92 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 0.90 and a beta of 0.44. The firm has a fifty day simple moving average of $317.02 and a 200 day simple moving average of $310.83.

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. Cigna Group had a return on equity of 18.63% and a net margin of 1.97%. 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. Analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $1.51 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $6.04 annualized dividend and a dividend yield of 1.99%. Cigna Group's dividend payout ratio (DPR) is presently 33.44%.

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.