World Investment Advisors LLC Acquires Shares of 1,620 The Cigna Group (NYSE:CI)

World Investment Advisors LLC acquired a new stake in The Cigna Group (NYSE:CI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,620 shares of the health services provider’s stock, valued at approximately $561,000.

Other institutional investors have also recently bought and sold shares of the company. Ulland Investment Advisors LLC raised its position in shares of The Cigna Group by 2,500.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of The Cigna Group in the 3rd quarter valued at approximately $37,000. Harbor Capital Advisors Inc. acquired a new position in shares of The Cigna Group in the 3rd quarter valued at approximately $45,000. Private Ocean LLC raised its position in shares of The Cigna Group by 29.9% in the 2nd quarter. Private Ocean LLC now owns 200 shares of the health services provider’s stock valued at $66,000 after buying an additional 46 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of The Cigna Group in the 3rd quarter valued at approximately $69,000. Institutional investors own 86.99% of the company’s stock.

The Cigna Group Trading Down 2.8 %

Shares of NYSE CI opened at $265.51 on Wednesday. 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 Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83. The firm has a 50 day moving average price of $323.54 and a two-hundred day moving average price of $335.82. The stock has a market cap of $73.85 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.88 and a beta of 0.50.

The Cigna Group (NYSE:CI) last posted 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 company had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same period in the prior year, the firm posted $6.77 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities analysts forecast that The Cigna Group will post 28.5 EPS for the current year.

The Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Wednesday, December 4th. The Cigna Group’s dividend payout ratio is currently 52.83%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CI shares. Piper Sandler restated an “overweight” rating and issued a $394.00 target price (up from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Stephens reiterated an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research report on Monday, November 4th. StockNews.com cut shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Barclays upped 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 report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $394.64.

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.