The Cigna Group (NYSE:CI) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its holdings in The Cigna Group (NYSE:CI) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,579 shares of the health services provider’s stock after selling 229 shares during the period. Foundry Partners LLC’s holdings in The Cigna Group were worth $16,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Intech Investment Management LLC lifted its holdings in shares of The Cigna Group by 11.1% in the 3rd quarter. Intech Investment Management LLC now owns 73,054 shares of the health services provider’s stock worth $25,309,000 after acquiring an additional 7,304 shares during the last quarter. Pzena Investment Management LLC increased its stake in The Cigna Group by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 541,778 shares of the health services provider’s stock worth $187,694,000 after buying an additional 1,822 shares during the period. Moran Wealth Management LLC increased its position in shares of The Cigna Group by 1.4% during the third quarter. Moran Wealth Management LLC now owns 11,138 shares of the health services provider’s stock worth $3,859,000 after acquiring an additional 158 shares during the period. EagleClaw Capital Managment LLC raised its position in The Cigna Group by 2.4% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 12,384 shares of the health services provider’s stock valued at $4,290,000 after purchasing an additional 285 shares in the last quarter. Finally, Portfolio Design Labs LLC purchased a new position in The Cigna Group in the third quarter worth approximately $1,757,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CI has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of The Cigna Group in a report on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Barclays raised their price target 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. StockNews.com downgraded The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Finally, Stephens reaffirmed an “overweight” rating and issued a $410.00 target price on shares of The Cigna Group in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $394.64.

The Cigna Group Trading Up 0.3 %

Shares of The Cigna Group stock opened at $323.36 on Thursday. 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 firm has a market cap of $89.94 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.51. The Cigna Group has a 52-week low of $253.95 and a 52-week high of $370.83. The company’s 50-day simple moving average is $336.78 and its 200-day simple moving average is $339.03.

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 the consensus estimate of $7.22 by $0.29. The company had revenue of $63.70 billion for the quarter, compared to analysts’ expectations of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 EPS. As a group, equities research analysts anticipate that The Cigna Group will post 28.5 earnings per share for the current year.

The Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, December 4th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, December 4th. The Cigna Group’s dividend payout ratio is currently 52.83%.

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.