The Cigna Group (NYSE:CI) Shares Bought by Brown Financial Advisors

Brown Financial Advisors increased its position in The Cigna Group (NYSE:CI) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,435 shares of the health services provider’s stock after acquiring an additional 199 shares during the period. Brown Financial Advisors’ holdings in The Cigna Group were worth $396,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in The Cigna Group by 18.6% during the third quarter. AMF Tjanstepension AB now owns 73,600 shares of the health services provider’s stock worth $25,511,000 after acquiring an additional 11,550 shares during the last quarter. Swedbank AB increased its stake in shares of The Cigna Group by 26.6% during the 3rd quarter. Swedbank AB now owns 570,283 shares of the health services provider’s stock worth $197,569,000 after purchasing an additional 119,681 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of The Cigna Group by 11.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,058 shares of the health services provider’s stock worth $12,190,000 after purchasing an additional 3,464 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of The Cigna Group by 284.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,882 shares of the health services provider’s stock worth $1,345,000 after purchasing an additional 2,872 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in The Cigna Group by 48.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 53,227 shares of the health services provider’s stock valued at $18,440,000 after buying an additional 17,376 shares in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CI has been the subject of a number of analyst reports. Piper Sandler reissued an “overweight” rating and issued a $348.00 price target (down from $394.00) on shares of The Cigna Group in a report on Monday, February 3rd. Sanford C. Bernstein cut The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 price objective for the company. in a research report on Thursday, February 6th. Oppenheimer reduced their target price on shares of The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered their price target on shares of The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Royal Bank of Canada set a $355.00 price objective on shares of The Cigna Group in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $372.31.

The Cigna Group Trading Up 0.3 %

CI stock opened at $300.80 on Tuesday. 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 company has a market cap of $83.67 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 0.98 and a beta of 0.54. The business has a fifty day simple moving average of $286.90 and a 200-day simple moving average of $319.23. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83.

The Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 EPS for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. During the same period in the previous year, the company earned $6.79 earnings per share. On average, equities research analysts expect that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 2.01%. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date is Wednesday, March 5th. The Cigna Group’s payout ratio is 49.35%.

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.