Generali Investments Towarzystwo Funduszy Inwestycyjnych Raises Stock Position in The Cigna Group (NYSE:CI)

Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of The Cigna Group (NYSE:CI) by 30.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,800 shares of the health services provider’s stock after buying an additional 650 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in The Cigna Group were worth $773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in The Cigna Group in the third quarter valued at approximately $37,000. Collier Financial acquired a new stake in shares of The Cigna Group in the fourth quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new stake in shares of The Cigna Group in the fourth quarter valued at approximately $34,000. Harbor Capital Advisors Inc. acquired a new stake in shares of The Cigna Group in the third quarter valued at approximately $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of The Cigna Group in the fourth quarter valued at approximately $37,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on CI. Piper Sandler reissued an “overweight” rating and issued a $348.00 price objective (down from $394.00) on shares of The Cigna Group in a report on Monday, February 3rd. Oppenheimer cut their price target on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Stephens cut their price target on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. UBS Group cut their price target on The Cigna Group from $410.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price target 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. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $372.31.

The Cigna Group Trading Down 0.6 %

Shares of CI stock opened at $303.39 on Friday. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The stock has a market cap of $84.39 billion, a P/E ratio of 24.79, a P/E/G ratio of 0.98 and a beta of 0.54. The business has a fifty day simple moving average of $288.90 and a 200-day simple moving average of $318.87. 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 Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 EPS for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same period last year, the business posted $6.79 EPS. On average, analysts forecast that The Cigna Group will post 29.77 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.99%. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date is Wednesday, March 5th. The Cigna Group’s dividend payout ratio (DPR) is presently 49.35%.

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.