124 Shares in The Cigna Group (NYSE:CI) Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC bought a new stake in The Cigna Group (NYSE:CI) during the 4th quarter, HoldingsChannel reports. The fund bought 124 shares of the health services provider’s stock, valued at approximately $34,000.

Several other hedge funds have also recently added to or reduced their stakes in CI. Ulland Investment Advisors LLC boosted its holdings in shares of The Cigna Group by 2,500.0% in the third quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Prospera Private Wealth LLC bought a new position in The Cigna Group during the 3rd quarter valued at $37,000. Harbor Capital Advisors Inc. acquired a new position in shares of The Cigna Group during the 3rd quarter valued at $45,000. Intact Investment Management Inc. bought a new stake in shares of The Cigna Group in the 3rd quarter worth $69,000. Finally, Stone House Investment Management LLC lifted its holdings in shares of The Cigna Group by 25.0% in the third quarter. Stone House Investment Management LLC now owns 200 shares of the health services provider’s stock valued at $69,000 after buying an additional 40 shares during the period. Institutional investors own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CI. Barclays lifted their target price on The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a report on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stephens restated an “overweight” rating and issued a $410.00 price target on shares of The Cigna Group in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $395.93.

The Cigna Group Trading Down 0.2 %

NYSE:CI opened at $278.77 on Friday. The stock has a market cap of $77.54 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 0.88 and a beta of 0.54. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50-day moving average is $304.77 and its two-hundred day moving average is $328.52.

The Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The firm had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. During the same period in the previous year, the firm posted $6.77 earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis. As a group, equities research analysts forecast that The Cigna Group will post 28.5 earnings per share for the current fiscal year.

The Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th were given a $1.40 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.01%. The Cigna Group’s dividend payout ratio is currently 52.83%.

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.