Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,934 shares of the health services provider's stock after selling 10,678 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Cigna Group worth $88,808,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in shares of Cigna Group during the fourth quarter worth $36,000. Transce3nd LLC acquired a new position in Cigna Group in the fourth quarter valued at $38,000. Wayfinding Financial LLC acquired a new position in Cigna Group in the first quarter valued at $40,000. Ameriflex Group Inc. acquired a new position in Cigna Group in the fourth quarter valued at $44,000. Finally, Heck Capital Advisors LLC acquired a new position in Cigna Group in the fourth quarter valued at $53,000. 86.99% of the stock is owned by hedge funds and other institutional investors.
Cigna Group Price Performance
Shares of CI traded up $1.96 during mid-day trading on Friday, hitting $295.89. 525,214 shares of the company traded hands, compared to its average volume of 1,802,262. Cigna Group has a one year low of $262.03 and a one year high of $370.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $313.02 and a 200 day moving average of $311.76. The stock has a market capitalization of $79.04 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.92 and a beta of 0.44.
Cigna Group (NYSE:CI - Get Free Report) last released 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. Cigna Group had a net margin of 1.97% and a return on equity of 18.63%. The business had revenue of $65.45 billion for the quarter, compared to analysts' expectations of $60.39 billion. During the same period in the prior year, the firm earned $6.47 earnings per share. Cigna Group's revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.
Cigna Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $1.51 dividend. The ex-dividend date is Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a yield of 2.04%. Cigna Group's payout ratio is presently 33.44%.
Analyst Ratings Changes
A number of research analysts recently weighed in on CI shares. Guggenheim reiterated a "buy" rating and issued a $388.00 target price on shares of Cigna Group in a report on Friday, May 23rd. Piper Sandler lifted their target price on Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Mizuho lifted their target price on Cigna Group from $360.00 to $384.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Morgan Stanley raised their price objective on Cigna Group from $379.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $371.00 price objective on shares of Cigna Group in a research report on Thursday, June 26th. 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 data from MarketBeat, Cigna Group has an average rating of "Buy" and a consensus price target of $380.39.
Read Our Latest Stock Analysis on CI
Cigna Group Company Profile
(
Free Report)
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.
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