Country Club Bank Purchases 4,645 Shares of The Cigna Group (NYSE:CI)

Country Club Bank boosted its stake in shares of The Cigna Group (NYSE:CI) by 39.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,461 shares of the health services provider’s stock after buying an additional 4,645 shares during the period. Country Club Bank’s holdings in The Cigna Group were worth $4,529,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in The Cigna Group during the fourth quarter worth $34,000. Ulland Investment Advisors LLC boosted its position in The Cigna Group by 2,500.0% during the third quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock worth $36,000 after purchasing an additional 100 shares during the period. Prospera Private Wealth LLC bought a new position in The Cigna Group during the third quarter worth $37,000. Harbor Capital Advisors Inc. bought a new stake in shares of The Cigna Group in the third quarter valued at about $45,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of The Cigna Group in the fourth quarter valued at about $53,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of recent research reports. Raymond James reissued a “strong-buy” rating and issued a $360.00 target price (down previously from $415.00) on shares of The Cigna Group in a research report on Friday, January 31st. Truist Financial lowered their target price on The Cigna Group from $390.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley lowered their price objective on The Cigna Group from $403.00 to $379.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. StockNews.com downgraded The Cigna Group from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada reduced their target price on The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, The Cigna Group has a consensus rating of “Buy” and a consensus price target of $376.63.

The Cigna Group Price Performance

Shares of CI opened at $291.84 on Wednesday. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83. The business’s fifty day moving average is $293.59 and its 200 day moving average is $323.84. 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 cap of $81.17 billion, a P/E ratio of 23.84, a P/E/G ratio of 0.97 and a beta of 0.54.

The Cigna Group (NYSE:CI) last issued its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. During the same period in the prior year, the firm earned $6.79 earnings per share. Sell-side analysts anticipate that The Cigna Group will post 29.66 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given 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 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, March 5th. The Cigna Group’s dividend payout ratio is presently 45.75%.

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.