Thompson Investment Management Inc. Grows Stock Holdings in The Cigna Group (NYSE:CI)

Thompson Investment Management Inc. raised its position in shares of The Cigna Group (NYSE:CI) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,095 shares of the health services provider’s stock after purchasing an additional 628 shares during the period. Thompson Investment Management Inc.’s holdings in The Cigna Group were worth $6,378,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CI. AMF Tjanstepension AB raised its position in The Cigna Group by 18.6% during the third quarter. AMF Tjanstepension AB now owns 73,600 shares of the health services provider’s stock valued at $25,511,000 after purchasing an additional 11,550 shares in the last quarter. Brookstone Capital Management grew its stake in shares of The Cigna Group by 3.1% during the third quarter. Brookstone Capital Management now owns 1,338 shares of the health services provider’s stock valued at $464,000 after buying an additional 40 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of The Cigna Group by 27.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 35,717 shares of the health services provider’s stock valued at $12,373,000 after buying an additional 7,800 shares during the last quarter. Wynn Capital LLC grew its stake in shares of The Cigna Group by 3.9% during the third quarter. Wynn Capital LLC now owns 3,351 shares of the health services provider’s stock valued at $1,161,000 after buying an additional 125 shares during the last quarter. Finally, Fiduciary Financial Group LLC grew its stake in shares of The Cigna Group by 8.2% during the third quarter. Fiduciary Financial Group LLC now owns 1,152 shares of the health services provider’s stock valued at $396,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Oppenheimer reduced their price objective on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Stephens cut their target price on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Truist Financial cut their target price on The Cigna Group from $390.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Raymond James reissued a “strong-buy” rating and issued a $360.00 target price (down from $415.00) on shares of The Cigna Group in a research note on Friday, January 31st. Finally, Morgan Stanley cut their target price on The Cigna Group from $403.00 to $379.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, The Cigna Group currently has an average rating of “Moderate Buy” and a consensus target price of $373.69.

The Cigna Group Stock Down 0.2 %

CI stock opened at $286.67 on Friday. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70. The stock has a market cap of $79.74 billion, a P/E ratio of 23.42, a PEG ratio of 0.94 and a beta of 0.54. The business’s 50-day moving average price is $289.85 and its 200-day moving average price is $322.73.

The Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same period in the previous year, the firm earned $6.79 EPS. On average, equities research analysts forecast that The Cigna Group will post 29.8 EPS for the current year.

The Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $1.51 dividend. The ex-dividend date is Wednesday, March 5th. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 dividend on an annualized basis and a yield of 2.11%. The Cigna Group’s payout ratio is currently 45.75%.

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.