The Cigna Group (NYSE:CI) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in The Cigna Group (NYSE:CI - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,869 shares of the health services provider's stock after acquiring an additional 1,689 shares during the quarter. Wellington Management Group LLP's holdings in The Cigna Group were worth $4,658,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. TCTC Holdings LLC acquired a new stake in shares of The Cigna Group during the 4th quarter worth approximately $25,000. Collier Financial purchased a new stake in The Cigna Group during the fourth quarter worth $32,000. Putney Financial Group LLC acquired a new stake in The Cigna Group during the fourth quarter valued at $36,000. Compagnie Lombard Odier SCmA purchased a new position in The Cigna Group in the fourth quarter valued at $37,000. Finally, Transce3nd LLC purchased a new position in The Cigna Group in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler raised their target price on The Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Guggenheim reissued a "buy" rating and issued a $388.00 price objective on shares of The Cigna Group in a report on Friday, May 23rd. Truist Financial upped their target price on The Cigna Group from $385.00 to $405.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Wall Street Zen raised shares of The Cigna Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Robert W. Baird cut their price target on shares of The Cigna Group from $388.00 to $362.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, The Cigna Group has an average rating of "Buy" and an average target price of $380.39.

Insider Activity at The Cigna Group

In other The Cigna Group news, Director Elder Granger sold 2,376 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $310.35, for a total value of $737,391.60. Following the transaction, the director now directly owns 5,471 shares in the company, valued at $1,697,924.85. The trade was a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

The Cigna Group Price Performance

CI stock traded up $0.66 during mid-day trading on Friday, reaching $311.68. The company's stock had a trading volume of 2,048,281 shares, compared to its average volume of 1,694,020. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The company's 50 day moving average is $323.77 and its two-hundred day moving average is $309.22. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The stock has a market cap of $83.26 billion, a PE ratio of 25.46, a P/E/G ratio of 0.98 and a beta of 0.47.

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 firm had revenue of $65.45 billion during the quarter, compared to analysts' expectations of $60.39 billion. The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. The business's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $6.47 earnings per share. Equities research analysts expect that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $6.04 annualized dividend and a dividend yield of 1.94%. The Cigna Group's payout ratio is 33.44%.

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.