Bridgewater Associates LP Acquires 41,140 Shares of The Cigna Group (NYSE:CI)

Bridgewater Associates LP increased its holdings in shares of The Cigna Group (NYSE:CI) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 323,836 shares of the health services provider’s stock after acquiring an additional 41,140 shares during the quarter. Bridgewater Associates LP owned about 0.12% of The Cigna Group worth $112,190,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CI. TruNorth Capital Management LLC acquired a new position in shares of The Cigna Group during the 2nd quarter worth $33,000. Ulland Investment Advisors LLC raised its stake in The Cigna Group by 2,500.0% during the third quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of The Cigna Group in the third quarter worth about $37,000. Harbor Capital Advisors Inc. bought a new stake in shares of The Cigna Group during the 3rd quarter valued at approximately $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in The Cigna Group during the 2nd quarter worth approximately $66,000. Institutional investors own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on The Cigna Group from $402.00 to $422.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Stephens reaffirmed an “overweight” rating and set a $410.00 price target on shares of The Cigna Group in a research note on Friday, November 1st. Barclays boosted their price objective on shares of The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, StockNews.com downgraded The Cigna Group from a “strong-buy” rating to a “buy” rating 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $394.64.

The Cigna Group Price Performance

The Cigna Group stock opened at $335.07 on Wednesday. The stock has a market capitalization of $93.20 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 1.00 and a beta of 0.51. The Cigna Group has a 52-week low of $253.95 and a 52-week high of $370.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50 day moving average price is $334.32 and its two-hundred day moving average price is $338.53.

The Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping 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 business had revenue of $63.70 billion during the quarter, compared to analysts’ expectations of $59.58 billion. During the same period last year, the company posted $6.77 earnings per share. The business’s quarterly revenue was up 29.8% on a year-over-year basis. On average, equities analysts predict that The Cigna Group will post 28.5 earnings per share for the current year.

The Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, December 4th. The Cigna Group’s payout ratio is 52.83%.

The Cigna Group 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.