TD Private Client Wealth LLC Acquires 235 Shares of The Cigna Group (NYSE:CI)

TD Private Client Wealth LLC increased its position in The Cigna Group (NYSE:CI) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,181 shares of the health services provider’s stock after buying an additional 235 shares during the quarter. TD Private Client Wealth LLC’s holdings in The Cigna Group were worth $2,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in shares of The Cigna Group by 24.9% during the third quarter. Sunbelt Securities Inc. now owns 216 shares of the health services provider’s stock valued at $75,000 after buying an additional 43 shares during the period. Empire Financial Management Company LLC grew its stake in The Cigna Group by 7.4% in the third quarter. Empire Financial Management Company LLC now owns 2,822 shares of the health services provider’s stock worth $978,000 after purchasing an additional 195 shares during the period. Coldstream Capital Management Inc. grew its stake in The Cigna Group by 11.4% in the third quarter. Coldstream Capital Management Inc. now owns 5,016 shares of the health services provider’s stock worth $1,731,000 after purchasing an additional 512 shares during the period. Geode Capital Management LLC grew its stake in The Cigna Group by 0.4% in the third quarter. Geode Capital Management LLC now owns 5,855,443 shares of the health services provider’s stock worth $2,021,563,000 after purchasing an additional 22,408 shares during the period. Finally, Brophy Wealth Management LLC purchased a new stake in shares of The Cigna Group in the third quarter worth $869,000. Institutional investors own 86.99% of the company’s stock.

The Cigna Group Price Performance

CI stock opened at $282.90 on Friday. The firm has a market capitalization of $78.69 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50. The Cigna Group has a 1 year low of $282.27 and a 1 year high of $370.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50 day simple moving average of $328.80 and a 200-day simple moving average of $337.46.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data 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 analyst estimates 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 quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company posted $6.77 earnings per share. Equities research analysts anticipate that The Cigna Group will post 28.49 earnings per share for the current fiscal year.

The Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Wednesday, December 4th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, December 4th. The Cigna Group’s payout ratio is currently 52.83%.

Wall Street Analyst Weigh In

CI has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on The Cigna Group from $435.00 to $438.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Stephens reaffirmed an “overweight” rating and set a $410.00 price target on shares of The Cigna Group in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered 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. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price target on shares of The Cigna Group in a research report on Wednesday, October 23rd. Finally, StockNews.com cut The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $394.64.

About The Cigna Group

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.