First Hawaiian Bank Sells 1,923 Shares of The Cigna Group (NYSE:CI)

First Hawaiian Bank trimmed its stake in shares of The Cigna Group (NYSE:CI) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,718 shares of the health services provider’s stock after selling 1,923 shares during the quarter. First Hawaiian Bank’s holdings in The Cigna Group were worth $2,960,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Ulland Investment Advisors LLC grew its position in shares of The Cigna Group by 2,500.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in The Cigna Group during the third quarter worth about $37,000. Harbor Capital Advisors Inc. bought a new position in The Cigna Group in the 3rd quarter worth about $45,000. Intact Investment Management Inc. purchased a new stake in shares of The Cigna Group in the 3rd quarter valued at about $69,000. Finally, Stone House Investment Management LLC boosted its position in shares of The Cigna Group by 25.0% during the 3rd quarter. Stone House Investment Management LLC now owns 200 shares of the health services provider’s stock valued at $69,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

CI has been the topic of several research analyst reports. Stephens restated an “overweight” rating and issued a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. Jefferies Financial Group raised their price objective on shares of The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Truist Financial dropped their price objective on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating for the company in a report on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. Finally, Barclays lifted 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. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, The Cigna Group has a consensus rating of “Buy” and an average price target of $395.93.

The Cigna Group Trading Down 0.3 %

NYSE:CI opened at $279.11 on Thursday. The firm has a market capitalization of $77.64 billion, a P/E ratio of 26.33, a P/E/G ratio of 0.88 and a beta of 0.54. 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 company has a fifty day moving average of $306.25 and a 200 day moving average of $329.32. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating the consensus estimate of $7.22 by $0.29. The firm had revenue of $63.70 billion during the quarter, compared to the consensus estimate of $59.58 billion. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.77 earnings per share. On average, research analysts predict that The Cigna Group will post 28.5 earnings per share for the current year.

The Cigna Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.01%. The Cigna Group’s dividend payout ratio (DPR) is presently 52.83%.

The Cigna Group 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.