The Cigna Group (NYSE:CI) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its stake in shares of The Cigna Group (NYSE:CI) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,227 shares of the health services provider’s stock after buying an additional 279 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in The Cigna Group were worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CI. Nicolet Advisory Services LLC lifted its stake in The Cigna Group by 13.5% during the third quarter. Nicolet Advisory Services LLC now owns 882 shares of the health services provider’s stock worth $300,000 after purchasing an additional 105 shares during the last quarter. Meridian Wealth Management LLC bought a new position in The Cigna Group during the third quarter worth $1,259,000. Icon Wealth Advisors LLC lifted its stake in The Cigna Group by 257.8% during the third quarter. Icon Wealth Advisors LLC now owns 1,163 shares of the health services provider’s stock worth $403,000 after purchasing an additional 838 shares during the last quarter. GM Advisory Group LLC lifted its stake in The Cigna Group by 0.6% during the third quarter. GM Advisory Group LLC now owns 10,616 shares of the health services provider’s stock worth $3,678,000 after purchasing an additional 65 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in The Cigna Group by 3.0% during the third quarter. Raymond James Trust N.A. now owns 37,092 shares of the health services provider’s stock worth $12,850,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays raised their price objective on The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their target price on The Cigna Group from $435.00 to $438.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Jefferies Financial Group raised 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. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $394.64.

The Cigna Group Price Performance

Shares of NYSE CI opened at $328.45 on Monday. The firm’s 50-day simple moving average is $335.43 and its 200 day simple moving average is $338.76. The stock has a market cap of $91.36 billion, a P/E ratio of 30.99, a P/E/G ratio of 0.99 and a beta of 0.51. The Cigna Group has a fifty-two week low of $253.95 and a fifty-two week high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The firm had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The Cigna Group’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned $6.77 earnings per share. Equities analysts expect that The Cigna Group will post 28.5 EPS for the current year.

The Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, December 4th will be paid a $1.40 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $5.60 dividend on an annualized basis and a yield of 1.70%. The Cigna Group’s dividend payout ratio is currently 52.83%.

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.