OneDigital Investment Advisors LLC Has $3.62 Million Stake in The Cigna Group (NYSE:CI)

OneDigital Investment Advisors LLC reduced its position in The Cigna Group (NYSE:CI) by 8.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,440 shares of the health services provider’s stock after selling 919 shares during the period. OneDigital Investment Advisors LLC’s holdings in The Cigna Group were worth $3,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of The Cigna Group by 3.9% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,637 shares of the health services provider’s stock valued at $2,646,000 after buying an additional 288 shares during the period. Metis Global Partners LLC increased its stake in shares of The Cigna Group by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 11,809 shares of the health services provider’s stock valued at $4,091,000 after buying an additional 237 shares during the period. Curi RMB Capital LLC acquired a new stake in shares of The Cigna Group in the 3rd quarter valued at $330,000. Aubrey Capital Management Ltd bought a new position in shares of The Cigna Group in the 3rd quarter worth $334,000. Finally, Zions Bancorporation N.A. boosted its position in shares of The Cigna Group by 9.4% in the 3rd quarter. Zions Bancorporation N.A. now owns 943 shares of the health services provider’s stock worth $327,000 after purchasing an additional 81 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CI has been the topic of several recent analyst reports. Stephens reiterated an “overweight” rating and set a $410.00 target price on shares of The Cigna Group in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on The Cigna Group from $435.00 to $438.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Piper Sandler reiterated an “overweight” rating and set a $394.00 target price (up from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One equities research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $394.64.

Insider Activity

In other news, Director William J. Delaney III sold 2,691 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $342.68, for a total transaction of $922,151.88. Following the completion of the sale, the director now owns 17,539 shares in the company, valued at $6,010,264.52. The trade was a 13.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

The Cigna Group Price Performance

NYSE:CI opened at $321.53 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day simple moving average is $339.52 and its 200 day simple moving average is $339.91. The company has a market cap of $89.43 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.00 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 Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The company had revenue of $63.70 billion during 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 business’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the firm posted $6.77 earnings per share. As a group, sell-side analysts forecast that The Cigna Group will post 28.5 EPS for the current fiscal year.

The Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.60 annualized dividend and a dividend yield of 1.74%. The Cigna Group’s dividend payout ratio is currently 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.