The Cigna Group (NYSE:CI) Shares Purchased by Park National Corp OH

Park National Corp OH increased its holdings in shares of The Cigna Group (NYSE:CI) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,013 shares of the health services provider’s stock after purchasing an additional 66 shares during the quarter. Park National Corp OH’s holdings in The Cigna Group were worth $556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CI. Canandaigua National Bank & Trust Co. grew its holdings in The Cigna Group by 24.1% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 6,412 shares of the health services provider’s stock valued at $1,771,000 after purchasing an additional 1,244 shares during the period. Fortem Financial Group LLC grew its stake in shares of The Cigna Group by 3.7% during the 4th quarter. Fortem Financial Group LLC now owns 2,868 shares of the health services provider’s stock valued at $792,000 after buying an additional 101 shares during the period. Versant Capital Management Inc increased its holdings in shares of The Cigna Group by 151.7% during the 4th quarter. Versant Capital Management Inc now owns 584 shares of the health services provider’s stock worth $161,000 after buying an additional 352 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of The Cigna Group by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 323,911 shares of the health services provider’s stock worth $112,216,000 after buying an additional 11,228 shares during the period. Finally, Lord Abbett & CO. LLC boosted its holdings in The Cigna Group by 39.7% in the third quarter. Lord Abbett & CO. LLC now owns 6,417 shares of the health services provider’s stock valued at $2,223,000 after acquiring an additional 1,823 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price objective on shares of The Cigna Group in a report on Wednesday, October 23rd. Truist Financial cut their price target on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research report on Monday, November 4th. StockNews.com lowered shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group increased their price target on The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. One research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $395.93.

The Cigna Group Price Performance

Shares of NYSE CI opened at $279.11 on Thursday. The business has a 50 day moving average price of $306.25 and a two-hundred day moving average price of $329.32. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The firm has a market cap of $77.64 billion, a PE ratio of 26.33, a price-to-earnings-growth 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 Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The business had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.77 earnings per share. Sell-side analysts expect that The Cigna Group will post 28.5 earnings per share for the current fiscal year.

The Cigna Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were given 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 payout ratio is 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.