LifePlan Financial LLC Sells 728 Shares of The Cigna Group (NYSE:CI)

LifePlan Financial LLC cut its position in The Cigna Group (NYSE:CI) by 45.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 863 shares of the health services provider’s stock after selling 728 shares during the quarter. LifePlan Financial LLC’s holdings in The Cigna Group were worth $238,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CI. Ulland Investment Advisors LLC lifted its stake in shares of The Cigna Group by 2,500.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of The Cigna Group during the third quarter worth about $37,000. ORG Wealth Partners LLC acquired a new position in shares of The Cigna Group in the fourth quarter valued at approximately $34,000. Harbor Capital Advisors Inc. bought a new position in The Cigna Group in the 3rd quarter valued at approximately $45,000. Finally, Intact Investment Management Inc. acquired a new stake in The Cigna Group during the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Trading Up 1.1 %

CI opened at $284.16 on Tuesday. The firm has a market capitalization of $79.04 billion, a PE ratio of 26.81, a P/E/G ratio of 0.77 and a beta of 0.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The company’s 50-day moving average is $300.19 and its 200 day moving average is $326.51.

The Cigna Group (NYSE:CI) last posted its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The company had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same quarter last year, the company earned $6.77 earnings per share. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, research analysts predict that The Cigna Group will post 28.5 earnings per share for the current fiscal year.

The Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were paid a $1.40 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $5.60 annualized dividend and a dividend yield of 1.97%. The Cigna Group’s payout ratio is 52.83%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CI. Truist Financial reduced their price objective on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. 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 report on Tuesday, November 5th. 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. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Stephens reaffirmed an “overweight” rating and issued a $410.00 price objective on shares of The Cigna Group in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $395.93.

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.