The Cigna Group (NYSE:CI) Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd increased its stake in shares of The Cigna Group (NYSE:CI) by 23.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,660 shares of the health services provider’s stock after purchasing an additional 500 shares during the quarter. Cumberland Partners Ltd’s holdings in The Cigna Group were worth $794,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Bogart Wealth LLC increased its position in shares of The Cigna Group by 104.5% in the third quarter. Bogart Wealth LLC now owns 90 shares of the health services provider’s stock valued at $26,000 after buying an additional 46 shares in the last quarter. OFI Invest Asset Management acquired a new stake in The Cigna Group in the 3rd quarter worth about $26,000. Fortitude Family Office LLC acquired a new stake in The Cigna Group in the 4th quarter worth about $29,000. VisionPoint Advisory Group LLC boosted its stake in The Cigna Group by 112.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 104 shares of the health services provider’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Finally, Pacifica Partners Inc. lifted its stake in shares of The Cigna Group by 73.2% in the 4th quarter. Pacifica Partners Inc. now owns 142 shares of the health services provider’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

CI has been the topic of several recent research reports. StockNews.com raised The Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 14th. Wells Fargo & Company lifted their price objective on The Cigna Group from $334.00 to $348.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Sanford C. Bernstein upgraded The Cigna Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $330.00 to $372.00 in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft upgraded The Cigna Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $355.00 to $370.00 in a research report on Thursday, February 1st. Finally, Barclays began coverage on The Cigna Group in a research report on Wednesday, March 6th. They set an “overweight” rating and a $393.00 price target for the company. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, The Cigna Group has a consensus rating of “Buy” and an average price target of $362.14.

The Cigna Group Stock Down 0.1 %

Shares of CI traded down $0.27 during trading hours on Wednesday, hitting $352.38. 591,623 shares of the company were exchanged, compared to its average volume of 1,581,153. The firm’s 50 day moving average is $349.03 and its 200-day moving average is $316.84. The Cigna Group has a 52 week low of $240.50 and a 52 week high of $365.71. The company has a market cap of $103.02 billion, a PE ratio of 20.26, a PEG ratio of 1.08 and a beta of 0.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.67 and a current ratio of 0.67.

The Cigna Group (NYSE:CI) last announced its earnings results on Friday, February 2nd. The health services provider reported $6.79 earnings per share for the quarter, beating the consensus estimate of $6.54 by $0.25. The Cigna Group had a return on equity of 13.59% and a net margin of 2.64%. The firm had revenue of $51.15 billion during the quarter, compared to the consensus estimate of $48.91 billion. During the same quarter in the prior year, the company earned $4.96 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that The Cigna Group will post 28.36 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a $1.40 dividend. This is a boost from The Cigna Group’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, March 5th. This represents a $5.60 annualized dividend and a yield of 1.59%. The Cigna Group’s dividend payout ratio is 32.20%.

Insider Buying and Selling at The Cigna Group

In other The Cigna Group news, CEO David Cordani sold 31,209 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $355.17, for a total value of $11,084,500.53. Following the completion of the transaction, the chief executive officer now owns 348,054 shares of the company’s stock, valued at approximately $123,618,339.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other The Cigna Group news, SVP Hoeltzel Mary T. Agoglia sold 4,867 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $330.48, for a total value of $1,608,446.16. Following the transaction, the senior vice president now directly owns 2,102 shares in the company, valued at approximately $694,668.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Cordani sold 31,209 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $355.17, for a total value of $11,084,500.53. Following the completion of the transaction, the chief executive officer now owns 348,054 shares in the company, valued at $123,618,339.18. The disclosure for this sale can be found here. Insiders sold a total of 114,144 shares of company stock valued at $39,296,330 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

About The Cigna Group

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.