The Cigna Group (NYSE:CI) Stock Holdings Boosted by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lifted its position in The Cigna Group (NYSE:CI) by 12.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,592 shares of the health services provider’s stock after buying an additional 814 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in The Cigna Group were worth $2,630,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norden Group LLC boosted its stake in shares of The Cigna Group by 22.3% during the 1st quarter. Norden Group LLC now owns 2,355 shares of the health services provider’s stock worth $855,000 after acquiring an additional 429 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in The Cigna Group by 3.6% during the first quarter. Janney Montgomery Scott LLC now owns 30,151 shares of the health services provider’s stock valued at $10,951,000 after buying an additional 1,037 shares in the last quarter. Choreo LLC boosted its holdings in shares of The Cigna Group by 54.6% in the first quarter. Choreo LLC now owns 1,623 shares of the health services provider’s stock worth $590,000 after buying an additional 573 shares during the period. Financial Counselors Inc. increased its position in shares of The Cigna Group by 2.2% in the first quarter. Financial Counselors Inc. now owns 1,748 shares of the health services provider’s stock worth $635,000 after acquiring an additional 38 shares in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of The Cigna Group during the first quarter valued at approximately $268,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CI. Barclays boosted their target price on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. StockNews.com downgraded The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their price target on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, The Cigna Group presently has an average rating of “Buy” and a consensus target price of $395.07.

The Cigna Group Stock Performance

CI traded up $2.56 on Tuesday, hitting $314.88. The company had a trading volume of 65,995 shares, compared to its average volume of 1,520,666. The stock has a market cap of $87.58 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is $344.94 and its 200 day moving average price is $341.23. The Cigna Group has a 1-year low of $253.95 and a 1-year high of $370.83.

The Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The business had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same period in the previous year, the company posted $6.77 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities analysts predict that The Cigna Group will post 28.48 earnings per share for the current fiscal year.

The Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th will be given a $1.40 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $5.60 annualized dividend and a dividend yield of 1.78%. The Cigna Group’s dividend payout ratio is 52.83%.

Insider Transactions at The Cigna Group

In other news, Director William J. Delaney III sold 2,691 shares of the business’s stock in a transaction dated 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 owns 17,539 shares in the company, valued at approximately $6,010,264.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

The Cigna Group Company 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.