Wealth Enhancement Advisory Services LLC Sells 11,038 Shares of Cigna Group (NYSE:CI)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Cigna Group (NYSE:CI - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,609 shares of the health services provider's stock after selling 11,038 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Cigna Group were worth $30,140,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Moody National Bank Trust Division boosted its holdings in shares of Cigna Group by 0.7% during the 1st quarter. Moody National Bank Trust Division now owns 4,587 shares of the health services provider's stock valued at $1,509,000 after purchasing an additional 34 shares during the last quarter. Kesler Norman & Wride LLC boosted its holdings in shares of 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 purchasing an additional 35 shares during the last quarter. Wynn Capital LLC boosted its holdings in shares of Cigna Group by 1.0% during the 1st quarter. Wynn Capital LLC now owns 3,451 shares of the health services provider's stock valued at $1,135,000 after purchasing an additional 35 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its holdings in shares of Cigna Group by 1.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,883 shares of the health services provider's stock valued at $520,000 after purchasing an additional 36 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Cigna Group by 2.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,626 shares of the health services provider's stock valued at $535,000 after purchasing an additional 36 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Cigna Group Stock Performance

Cigna Group stock opened at $313.76 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.72 and a quick ratio of 0.72. Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The firm has a market capitalization of $83.82 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 0.93 and a beta of 0.44. The company's 50-day moving average is $321.48 and its 200 day moving average is $307.79.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The health services provider reported $6.74 earnings per share for the quarter, topping analysts' consensus estimates of $6.35 by $0.39. Cigna Group had a net margin of 1.97% and a return on equity of 18.63%. The company had revenue of $65.45 billion for the quarter, compared to analyst estimates of $60.39 billion. During the same period in the prior year, the company posted $6.47 EPS. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts forecast that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, June 3rd. Cigna Group's dividend payout ratio (DPR) is currently 33.44%.

Analysts Set New Price Targets

Several research analysts have commented on CI shares. Wall Street Zen raised shares of Cigna Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Cowen reissued a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Cantor Fitzgerald increased their price objective on shares of Cigna Group from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Mizuho increased their price objective on shares of Cigna Group from $360.00 to $384.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. Finally, Barclays reaffirmed an "overweight" rating and issued a $385.00 price target (up previously from $382.00) on shares of Cigna Group in a report on Monday, June 2nd. Two equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $380.39.

Cigna Group 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.

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