2 weeks Ago By ABMN Staff
Dark Forest Capital Management LP acquired a new position in shares of The Cigna Group ( NYSE:CI – Free Report ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,281 shares of the health services provider’s stock, valued at approximately $754,000. A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business.
Vanguard Group Inc. grew its stake in shares of The Cigna Group by 8.1% in the first quarter.
Vanguard Group Inc. now owns 26,793,138 shares of the health services provider’s stock worth $9,731,000,000 after purchasing an additional 2,017,333 shares in the last quarter. Price T Rowe Associates Inc.
MD lifted its holdings in The Cigna Group by 6.4% in the first quarter. Price T Rowe Associates Inc.
MD now owns 14,341,233 shares of the health services provider’s stock worth $5,208,593,000 after purchasing an additional 867,180 shares during the period. Dimensional Fund Advisors LP grew its position in The Cigna Group by 6.1% in the 2nd quarter.
Dimensional Fund Advisors LP now owns 2,628,807 shares of the health services provider’s stock valued at $869,078,000 after buying an additional 150,765 shares in the last quarter. Ameriprise Financial Inc. increased its stake in The Cigna Group by 23.
4% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,138,193 shares of the health services provider’s stock valued at $706,822,000 after buying an additional 405,694 shares during the period.
Finally, AQR Capital Management LLC raised its position in shares of The Cigna Group by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,547,245 shares of the health services provider’s stock worth $510,467,000 after buying an additional 600,215 shares in the last quarter.
86.99% of the stock is owned by institutional investors. Analysts Set New Price Targets CI has been the topic of a number of research analyst reports.
JPMorgan Chase & Co. raised their price objective on shares of The Cigna Group from $435.00 to $438.
00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $384.00 price objective on shares of The Cigna Group in a research note on Monday, September 9th.
Baird R W raised The Cigna Group to a “strong-buy” rating in a research note on Thursday, May 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price target on shares of The Cigna Group in a research report on Monday, September 16th.
Finally, StockNews.com raised shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $392.79. Insiders Place Their Bets In other news, Director William J.
Delaney III sold 2,691 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $342.68, for a total transaction of $922,151.
88. Following the transaction, the director now directly owns 17,539 shares in the company, valued at approximately $6,010,264.52.
The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Insiders own 0.60% of the company’s stock.
The Cigna Group Stock Performance Shares of The Cigna Group stock opened at $344.91 on Friday. The Cigna Group has a 12 month low of $253.
95 and a 12 month high of $370.83. The company has a quick ratio of 0.
71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73.
The stock has a market cap of $97.98 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.
08 and a beta of 0.50. The business has a fifty day simple moving average of $347.
84 and a 200-day simple moving average of $345.28. The Cigna Group ( NYSE:CI – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st.
The health services provider reported $6.72 EPS for the quarter, topping analysts’ consensus estimates of $6.42 by $0.
30. The firm had revenue of $60.52 billion during the quarter, compared to analyst estimates of $58.
30 billion. The Cigna Group had a return on equity of 17.83% and a net margin of 1.
70%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year.
During the same period last year, the company posted $6.13 EPS. On average, sell-side analysts anticipate that The Cigna Group will post 28.
48 EPS for the current fiscal year. The Cigna Group Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Wednesday, September 4th were paid a $1.
40 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.
60 annualized dividend and a yield of 1.62%. The Cigna Group’s dividend payout ratio is presently 45.
98%. The Cigna Group Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding CI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Cigna Group ( NYSE:CI – Free Report ). Receive News & Ratings for The Cigna Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cigna Group and related companies with MarketBeat.
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