1 week Ago By ABMN Staff
New York Life Investment Management LLC cut its stake in shares of The Cigna Group ( NYSE:CI – Free Report ) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 43,543 shares of the health services provider’s stock after selling 694 shares during the quarter.
New York Life Investment Management LLC’s holdings in The Cigna Group were worth $14,394,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Silicon Valley Capital Partners raised its position in The Cigna Group by 100.
0% during the first quarter. Silicon Valley Capital Partners now owns 70 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 35 shares during the period. Cedar Wealth Management LLC purchased a new stake in shares of The Cigna Group in the first quarter worth approximately $29,000.
Raleigh Capital Management Inc. raised its holdings in shares of The Cigna Group by 69.5% in the fourth quarter.
Raleigh Capital Management Inc. now owns 100 shares of the health services provider’s stock worth $30,000 after buying an additional 41 shares during the period. TruNorth Capital Management LLC purchased a new stake in shares of The Cigna Group in the second quarter worth approximately $33,000.
Finally, Pineridge Advisors LLC purchased a new stake in shares of The Cigna Group in the fourth quarter worth approximately $37,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several equities research analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $410.00 price target on shares of The Cigna Group in a report on Friday, August 2nd.
Baird R W raised The Cigna Group to a “strong-buy” rating in a research note on Thursday, May 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price objective on shares of The Cigna Group in a research note on Monday, August 19th.
StockNews.com raised The Cigna Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co.
increased their price objective on The Cigna Group from $435.00 to $438.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st.
One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, The Cigna Group currently has a consensus rating of “Buy” and a consensus target price of $384.
86. The Cigna Group Stock Down 0.5 % The Cigna Group stock opened at $353.
49 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.
71 and a quick ratio of 0.71. The stock has a market capitalization of $100.
42 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.10 and a beta of 0.
50. The Cigna Group has a 1-year low of $253.95 and a 1-year high of $370.
64. The business has a fifty day moving average price of $340.62 and a 200-day moving average price of $343.
61. The Cigna Group ( NYSE:CI – Get Free Report ) last posted its quarterly earnings data on Thursday, August 1st. The health services provider reported $6.
72 earnings per share 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $6.
13 EPS. Equities research analysts forecast that The Cigna Group will post 28.5 EPS for the current fiscal year.
The Cigna Group Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Wednesday, September 4th will be given a $1.40 dividend.
The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.
58%. The Cigna Group’s payout ratio is 45.98%.
Insider Buying and Selling In other The Cigna Group news, Director Elder Granger sold 547 shares of The Cigna Group stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $331.38, for a total transaction of $181,264.
86. Following the completion of the sale, the director now owns 5,471 shares of the company’s stock, valued at approximately $1,812,979.98.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . In other The Cigna Group news, Director Elder Granger sold 547 shares of The Cigna Group stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $331.
38, for a total transaction of $181,264.86. Following the completion of the sale, the director now owns 5,471 shares of the company’s stock, valued at approximately $1,812,979.
98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, Director William J.
Delaney III sold 2,691 shares of The Cigna Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $342.68, for a total value of $922,151.
88. Following the sale, the director now directly owns 17,539 shares of the company’s stock, valued at approximately $6,010,264.52.
The disclosure for this sale can be found here . Insiders sold 9,033 shares of company stock worth $3,095,820 in the last 90 days. Insiders own 0.
60% of the company’s stock. 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.
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