Wellington Management Group LLP Purchases 1,689 Shares of The Cigna Group (NYSE:CI)

Wellington Management Group LLP increased its holdings in shares of The Cigna Group ( NYSE:CI – Free Report ) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,869 shares of the health services provider’s stock after acquiring an additional 1,689 shares during the period.

Wellington Management Group LLP’s holdings in The Cigna Group were worth $4,658,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Financial Group Inc.



bought a new stake in shares of The Cigna Group during the fourth quarter worth $4,367,000. Principal Financial Group Inc. increased its stake in shares of The Cigna Group by 3.

6% in the 3rd quarter. Principal Financial Group Inc. now owns 323,911 shares of the health services provider’s stock valued at $112,216,000 after acquiring an additional 11,228 shares during the last quarter.

Deroy & Devereaux Private Investment Counsel Inc. increased its stake in The Cigna Group by 1.1% in the fourth quarter.

Deroy & Devereaux Private Investment Counsel Inc. now owns 75,837 shares of the health services provider’s stock valued at $20,942,000 after purchasing an additional 858 shares in the last quarter. Valley Wealth Managers Inc.

raised its holdings in The Cigna Group by 2.8% in the fourth quarter. Valley Wealth Managers Inc.

now owns 56,933 shares of the health services provider’s stock worth $15,721,000 after purchasing an additional 1,548 shares during the period. Finally, Pine Valley Investments Ltd Liability Co raised its stake in The Cigna Group by 28.3% during the 3rd quarter.

Pine Valley Investments Ltd Liability Co now owns 15,713 shares of the health services provider’s stock worth $5,444,000 after buying an additional 3,466 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes Several analysts have commented on the stock. Barclays dropped their target price on shares of The Cigna Group from $420.00 to $339.

00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Stephens cut their price objective on shares of The Cigna Group from $410.00 to $380.

00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Truist Financial raised their price target on The Cigna Group from $375.00 to $385.

00 and gave the company a “buy” rating in a research note on Friday. Cantor Fitzgerald raised their target price on shares of The Cigna Group from $350.00 to $365.

00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, Sanford C. Bernstein cut shares of The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.

00 price target for the company. in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock.

Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $375.00. The Cigna Group Price Performance Shares of The Cigna Group stock opened at $329.

52 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.

66 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $90.

18 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 0.98 and a beta of 0.

51. The company has a 50-day simple moving average of $312.04 and a two-hundred day simple moving average of $311.

31. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.

83. The Cigna Group ( NYSE:CI – Get Free Report ) last announced its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.

64 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $6.79 earnings per share. Analysts forecast that The Cigna Group will post 29.

77 EPS for the current year. The Cigna Group Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were issued a $1.

51 dividend. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40.

This represents a $6.04 annualized dividend and a yield of 1.83%.

The ex-dividend date was Wednesday, March 5th. The Cigna Group’s dividend payout ratio (DPR) is currently 49.35%.

Insider Activity In other The Cigna Group news, CEO David Cordani sold 26,527 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $308.12, for a total value of $8,173,499.

24. Following the completion of the transaction, the chief executive officer now owns 127,767 shares of the company’s stock, valued at $39,367,568.04.

This represents a 17.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .

Also, insider Nicole S. Jones sold 4,904 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $308.

12, for a total transaction of $1,511,020.48. Following the completion of the transaction, the insider now owns 29,421 shares of the company’s stock, valued at approximately $9,065,198.

52. This trade represents a 14.29 % decrease in their position.

The disclosure for this sale can be found here . In the last ninety days, insiders sold 43,751 shares of company stock worth $13,603,991. 0.

70% of the stock is currently owned by corporate insiders. 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.

See Also 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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