2 weeks Ago By Defense World Staff
Legal & General Group Plc lessened its stake in shares of The Cigna Group ( NYSE:CI – Free Report ) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,658,638 shares of the health services provider’s stock after selling 31,203 shares during the quarter.
Legal & General Group Plc owned about 0.94% of The Cigna Group worth $878,863,000 as of its most recent SEC filing. A number of other large investors have also recently made changes to their positions in CI.
Capital Asset Advisory Services LLC grew its holdings in shares of The Cigna Group by 2.3% in the first quarter. Capital Asset Advisory Services LLC now owns 1,280 shares of the health services provider’s stock valued at $464,000 after purchasing an additional 29 shares in the last quarter.
Checchi Capital Advisers LLC grew its stake in shares of The Cigna Group by 0.9% in the 2nd quarter. Checchi Capital Advisers LLC now owns 3,584 shares of the health services provider’s stock worth $1,185,000 after buying an additional 31 shares in the last quarter.
Benjamin F. Edwards & Company Inc. increased its holdings in shares of The Cigna Group by 1.
4% in the 2nd quarter. Benjamin F. Edwards & Company Inc.
now owns 2,206 shares of the health services provider’s stock worth $729,000 after buying an additional 31 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of The Cigna Group by 10.
6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 335 shares of the health services provider’s stock valued at $122,000 after buying an additional 32 shares in the last quarter.
Finally, Capital Investment Advisors LLC lifted its holdings in shares of The Cigna Group by 2.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 1,122 shares of the health services provider’s stock valued at $371,000 after acquiring an additional 32 shares during the last quarter.
86.99% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades CI has been the topic of a number of recent research reports.
Piper Sandler started coverage on The Cigna Group in a research report on Wednesday, June 26th. They set an “overweight” rating and a $400.00 price objective on the stock.
JPMorgan Chase & Co. raised their price target on The Cigna Group from $435.00 to $438.
00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of The Cigna Group in a research report on Monday, September 16th.
Stephens restated an “overweight” rating and issued a $410.00 target price on shares of The Cigna Group in a report on Friday, August 2nd. Finally, StockNews.
com upgraded shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 2nd. One equities 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 Cigna Group currently has a consensus rating of “Buy” and an average target price of $392.
79. Insider Buying and Selling In other The Cigna Group news, Director William J. Delaney III sold 2,691 shares of the stock in a transaction on Monday, August 19th.
The stock was sold at an average price of $342.68, for a total transaction of $922,151.88.
Following the sale, the director now owns 17,539 shares of the company’s stock, valued at approximately $6,010,264.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
0.60% of the stock is currently owned by insiders. The Cigna Group Trading Down 1.
1 % Shares of NYSE CI opened at $344.91 on Friday. The Cigna Group has a twelve month low of $253.
95 and a twelve month high of $370.83. The firm 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 $347.93 and a two-hundred day simple moving average of $345.
28. 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 Cigna Group ( NYSE:CI – Get Free Report ) last released its quarterly earnings data on Thursday, August 1st.
The health services provider reported $6.72 earnings per share for the quarter, beating the consensus estimate of $6.42 by $0.
30. The Cigna Group had a return on equity of 17.83% and a net margin of 1.
70%. The firm had revenue of $60.52 billion during the quarter, compared to the consensus estimate of $58.
30 billion. During the same period in the previous year, the company posted $6.13 earnings per share.
The firm’s quarterly revenue was up 24.6% on a year-over-year basis. Analysts expect that The Cigna Group will post 28.
48 earnings per share for the current fiscal year. The Cigna Group Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Wednesday, September 4th were issued a dividend of $1.
40 per share. This represents a $5.60 annualized dividend and a yield of 1.
62%. The ex-dividend date of this dividend was Wednesday, September 4th. The Cigna Group’s payout ratio is 45.
98%. About The Cigna Group ( 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.
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