TFB Advisors LLC Has $226,000 Stake in The Cigna Group (NYSE:CI)

TFB Advisors LLC lessened its stake in shares of The Cigna Group (NYSE:CI) by 12.5% during the fourth quarter, Holdings Channel reports. The fund owned 820 shares of the health services provider’s stock after selling 117 shares during the quarter. TFB Advisors LLC’s holdings in The Cigna Group were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB boosted its holdings in The Cigna Group by 18.6% in 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 in the last quarter. Exchange Traded Concepts LLC raised its position in shares of The Cigna Group by 5,543.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,700 shares of the health services provider’s stock worth $1,975,000 after purchasing an additional 5,599 shares during the period. Creative Planning lifted its holdings in shares of The Cigna Group by 7.2% in the 3rd quarter. Creative Planning now owns 59,655 shares of the health services provider’s stock worth $20,667,000 after purchasing an additional 3,994 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in The Cigna Group in the 3rd quarter valued at $200,000. Finally, Swedbank AB increased its stake in The Cigna Group by 26.6% during the 3rd quarter. Swedbank AB now owns 570,283 shares of the health services provider’s stock valued at $197,569,000 after purchasing an additional 119,681 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

CI has been the topic of a number of recent research reports. Oppenheimer dropped their price objective on shares of The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Cantor Fitzgerald cut their price target on The Cigna Group from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Stephens lowered their price objective on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $373.69.

The Cigna Group Stock Performance

NYSE CI opened at $292.72 on Thursday. The company has a market capitalization of $81.42 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.66. The Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83. The company has a 50-day simple moving average of $288.17 and a 200 day simple moving average of $321.82.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same quarter in the prior year, the company earned $6.79 EPS. On average, research analysts predict that The Cigna Group will post 29.8 EPS for the current year.

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. The Cigna Group’s dividend payout ratio is currently 45.75%.

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.