Householder Group Estate & Retirement Specialist LLC bought a new position in The Cigna Group (NYSE:CI – Get Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 115 shares of the health services provider’s stock, valued at approximately $29,000.
Several other institutional investors have also made changes to their positions in CI. AdvisorNet Financial Inc lifted its position in shares of The Cigna Group by 5.8% during the fourth quarter. AdvisorNet Financial Inc now owns 642 shares of the health services provider’s stock worth $213,000 after acquiring an additional 35 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of The Cigna Group by 0.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 4,762 shares of the health services provider’s stock valued at $1,578,000 after purchasing an additional 36 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in The Cigna Group by 2.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,725 shares of the health services provider’s stock valued at $572,000 after buying an additional 36 shares during the period. Linscomb & Williams Inc. grew its holdings in The Cigna Group by 0.3% in the 4th quarter. Linscomb & Williams Inc. now owns 10,877 shares of the health services provider’s stock worth $3,604,000 after acquiring an additional 36 shares during the last quarter. Finally, Monument Capital Management increased its position in shares of The Cigna Group by 2.4% in the fourth quarter. Monument Capital Management now owns 1,571 shares of the health services provider’s stock valued at $521,000 after acquiring an additional 37 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other The Cigna Group news, Director Donna F. Zarcone sold 757 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $253.29, for a total transaction of $191,740.53. Following the transaction, the director now directly owns 25,558 shares of the company’s stock, valued at $6,473,585.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.
The Cigna Group Stock Down 0.2 %
The Cigna Group (NYSE:CI – Get Rating) last issued its quarterly earnings results on Friday, May 5th. The health services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.18. The business had revenue of $46.52 billion during the quarter, compared to the consensus estimate of $45.43 billion. The Cigna Group had a return on equity of 12.65% and a net margin of 3.69%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $6.01 earnings per share. Equities research analysts forecast that The Cigna Group will post 24.82 EPS for the current fiscal year.
The Cigna Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th were paid a $1.23 dividend. This represents a $4.92 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, June 6th. The Cigna Group’s dividend payout ratio is currently 22.42%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Raymond James cut their target price on The Cigna Group from $350.00 to $310.00 in a research note on Monday, May 8th. Stephens reaffirmed an “overweight” rating and issued a $370.00 price target on shares of The Cigna Group in a research note on Tuesday, March 21st. StockNews.com raised shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Cigna Group from $348.00 to $310.00 in a research report on Monday, May 8th. Finally, Cantor Fitzgerald assumed coverage on shares of The Cigna Group in a research note on Thursday, April 20th. They issued a “neutral” rating and a $285.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $330.86.
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.
Featured Stories
- Get a free research report on The Cigna Group from StockNews.com
- Meta Platforms Soars with Analysts Bullish on AI-Driven Ad Growth
- Delta Airlines Is Flying Higher On Upbeat Guidance
- Here’s How to Rank the 3 Biggest Video Game Stocks
- Redfin: Contrasting Analyst Bearishness With Market Optimism
- Five stocks we like better than The Cigna Group
Receive News & Ratings for The Cigna Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cigna Group and related companies with MarketBeat.com's FREE daily email newsletter.
