The Cigna Group (NYSE:CI) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP lowered its position in shares of The Cigna Group (NYSE:CI) by 16.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,400 shares of the health services provider’s stock after selling 20,600 shares during the quarter. The Cigna Group makes up approximately 4.8% of Kiltearn Partners LLP’s holdings, making the stock its 6th biggest holding. Kiltearn Partners LLP’s holdings in The Cigna Group were worth $35,475,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CI. TruNorth Capital Management LLC acquired a new position in shares of The Cigna Group during the second quarter worth approximately $33,000. Ulland Investment Advisors LLC increased its holdings in The Cigna Group by 2,500.0% in the third 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 during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of The Cigna Group in the 3rd quarter valued at approximately $37,000. Harbor Capital Advisors Inc. acquired a new stake in The Cigna Group in the third quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in The Cigna Group during the 2nd quarter worth $66,000. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CI shares. Stephens reaffirmed an “overweight” rating and issued a $410.00 target price on shares of The Cigna Group in a research note on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of The Cigna Group in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on 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, JPMorgan Chase & Co. boosted their price objective on shares of The Cigna Group from $435.00 to $438.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $394.64.

The Cigna Group Trading Up 0.6 %

Shares of CI stock opened at $335.07 on Wednesday. The business’s fifty day moving average is $334.32 and its 200 day moving average is $338.53. The company has a market capitalization of $93.20 billion, a PE ratio of 31.61, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72.

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

The Cigna Group Dividend Announcement

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 given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, December 4th. The Cigna Group’s 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.