630 Shares in Cigna Group (NYSE:CI) Purchased by Sunpointe LLC

Sunpointe LLC purchased a new stake in Cigna Group (NYSE:CI) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 630 shares of the health services provider’s stock, valued at approximately $207,000.

Several other large investors also recently made changes to their positions in the business. Putney Financial Group LLC purchased a new stake in shares of Cigna Group during the fourth quarter valued at $36,000. Transce3nd LLC acquired a new stake in Cigna Group during the 4th quarter worth about $38,000. Richardson Financial Services Inc. purchased a new stake in Cigna Group during the first quarter valued at about $38,000. Wayfinding Financial LLC acquired a new position in shares of Cigna Group in the first quarter worth about $40,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Cigna Group in the fourth quarter worth approximately $44,000. Institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CI. Mizuho upped their price target on shares of Cigna Group from $360.00 to $384.00 and gave the company an “outperform” rating in a research report on Wednesday, April 9th. Robert W. Baird decreased their target price on Cigna Group from $388.00 to $362.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Guggenheim reiterated a “buy” rating and set a $388.00 price target on shares of Cigna Group in a report on Friday, May 23rd. Wall Street Zen downgraded Cigna Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 18th. Finally, Piper Sandler raised their price objective on Cigna Group from $348.00 to $374.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $380.39.

Cigna Group Trading Up 0.8%

Shares of NYSE:CI opened at $296.36 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $79.17 billion, a PE ratio of 16.41, a P/E/G ratio of 0.89 and a beta of 0.44. Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. The firm has a fifty day moving average price of $312.53 and a 200 day moving average price of $312.33.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Friday, May 2nd. The health services provider reported $6.74 earnings per share for the quarter, topping analysts’ consensus estimates of $6.35 by $0.39. The company had revenue of $65.45 billion during the quarter, compared to analysts’ expectations of $60.39 billion. Cigna Group had a return on equity of 18.63% and a net margin of 1.97%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.47 earnings per share. Analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a yield of 2.04%. Cigna Group’s payout ratio is currently 33.44%.

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.