FWG Holdings LLC Increases Stock Holdings in The Cigna Group (NYSE:CI)

FWG Holdings LLC boosted its holdings in shares of The Cigna Group (NYSE:CI) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,332 shares of the health services provider’s stock after buying an additional 61 shares during the period. FWG Holdings LLC’s holdings in The Cigna Group were worth $461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CI. Edgestream Partners L.P. bought a new stake in shares of The Cigna Group during the first quarter valued at approximately $1,763,000. UniSuper Management Pty Ltd grew its holdings in shares of The Cigna Group by 175.9% in the first quarter. UniSuper Management Pty Ltd now owns 6,780 shares of the health services provider’s stock worth $2,462,000 after acquiring an additional 4,323 shares during the period. Bessemer Group Inc. increased its position in shares of The Cigna Group by 23.3% during the 1st quarter. Bessemer Group Inc. now owns 28,097 shares of the health services provider’s stock valued at $10,205,000 after purchasing an additional 5,308 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in The Cigna Group by 55.3% during the first quarter. Lake Street Advisors Group LLC now owns 3,629 shares of the health services provider’s stock valued at $1,318,000 after buying an additional 1,292 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of The Cigna Group in the 1st quarter worth $101,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

The Cigna Group Trading Up 0.3 %

Shares of CI opened at $322.40 on Tuesday. The firm has a market capitalization of $89.68 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 0.97 and a beta of 0.51. The company has a 50-day moving average of $338.17 and a 200 day moving average of $339.27. The Cigna Group has a 1-year low of $253.95 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 Cigna Group (NYSE:CI) last posted its earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The business had revenue of $63.70 billion for 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 revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 EPS. On average, research analysts expect that The Cigna Group will post 28.5 EPS for the current year.

The Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.60 annualized dividend and a yield of 1.74%. The Cigna Group’s dividend payout ratio (DPR) is presently 52.83%.

Analyst Upgrades and Downgrades

CI has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $394.00 price objective (up from $392.00) on shares of The Cigna Group in a research note on Tuesday, November 5th. StockNews.com downgraded shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada cut their price objective on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Barclays lifted their price target on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, The Cigna Group has a consensus rating of “Buy” and an average price target 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.