Van Den Berg Management I Inc. Has $3.63 Million Holdings in The Cigna Group (NYSE:CI)

Van Den Berg Management I Inc. increased its position in shares of The Cigna Group (NYSE:CI - Free Report) by 185.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,131 shares of the health services provider's stock after purchasing an additional 8,532 shares during the quarter. Van Den Berg Management I Inc.'s holdings in The Cigna Group were worth $3,626,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC bought a new stake in The Cigna Group during the 4th quarter worth approximately $25,000. Collier Financial acquired a new stake in shares of The Cigna Group in the fourth quarter valued at $32,000. ORG Wealth Partners LLC acquired a new position in The Cigna Group during the 4th quarter worth about $34,000. Compagnie Lombard Odier SCmA bought a new stake in The Cigna Group during the 4th quarter worth about $37,000. Finally, Transce3nd LLC bought a new position in shares of The Cigna Group in the fourth quarter worth about $38,000. 86.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Piper Sandler reiterated an "overweight" rating and issued a $348.00 price objective (down from $394.00) on shares of The Cigna Group in a research report on Monday, February 3rd. Guggenheim assumed coverage on The Cigna Group in a report on Wednesday, April 9th. They set a "buy" rating and a $384.00 price objective for the company. Mizuho boosted their price target on shares of The Cigna Group from $360.00 to $384.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Robert W. Baird reduced their price objective on shares of The Cigna Group from $388.00 to $362.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, StockNews.com upgraded shares of The Cigna Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, The Cigna Group has an average rating of "Buy" and an average price target of $373.56.

The Cigna Group Stock Up 0.6 %

Shares of NYSE:CI traded up $2.00 during mid-day trading on Tuesday, reaching $336.82. 458,561 shares of the stock were exchanged, compared to its average volume of 1,804,768. The company has a market cap of $92.18 billion, a P/E ratio of 27.51, a P/E/G ratio of 0.98 and a beta of 0.51. The stock's 50 day simple moving average is $320.58 and its 200-day simple moving average is $310.05. 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 Cigna Group has a one year low of $262.03 and a one year high of $370.83.

The Cigna Group (NYSE:CI - Get Free Report) last released its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts' consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same quarter in the prior year, the company posted $6.79 earnings per share. As a group, equities research analysts predict that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be given a dividend of $1.51 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $6.04 annualized dividend and a yield of 1.79%. The Cigna Group's dividend payout ratio (DPR) is presently 49.35%.

Insider Buying and Selling at The Cigna Group

In other The Cigna Group news, insider Nicole S. Jones sold 4,904 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $308.12, for a total transaction of $1,511,020.48. Following the transaction, the insider now owns 29,421 shares of the company's stock, valued at $9,065,198.52. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elder Granger sold 2,376 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $310.35, for a total transaction of $737,391.60. Following the completion of the transaction, the director now owns 5,471 shares in the company, valued at approximately $1,697,924.85. This represents a 30.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,751 shares of company stock worth $13,603,991 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

The 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.