Highline Wealth Partners LLC Has $517,000 Holdings in The Cigna Group (NYSE:CI)

Highline Wealth Partners LLC decreased its position in The Cigna Group (NYSE:CIFree Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,873 shares of the health services provider’s stock after selling 46 shares during the period. Highline Wealth Partners LLC’s holdings in The Cigna Group were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CI. Coldstream Capital Management Inc. grew its holdings in The Cigna Group by 2.9% in the second quarter. Coldstream Capital Management Inc. now owns 4,504 shares of the health services provider’s stock worth $1,489,000 after purchasing an additional 126 shares during the period. MGO One Seven LLC boosted its holdings in The Cigna Group by 19.7% in the second quarter. MGO One Seven LLC now owns 3,613 shares of the health services provider’s stock worth $1,195,000 after acquiring an additional 594 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of The Cigna Group by 3.9% during the second quarter. AGF Management Ltd. now owns 8,543 shares of the health services provider’s stock valued at $2,824,000 after acquiring an additional 319 shares in the last quarter. LPL Financial LLC raised its position in shares of The Cigna Group by 18.8% during the second quarter. LPL Financial LLC now owns 148,596 shares of the health services provider’s stock worth $49,121,000 after purchasing an additional 23,504 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of The Cigna Group by 74.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 210,715 shares of the health services provider’s stock worth $69,656,000 after purchasing an additional 89,997 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

The Cigna Group Trading Down 0.2 %

NYSE CI traded down $0.67 on Friday, hitting $278.65. 565,968 shares of the stock were exchanged, compared to its average volume of 1,051,174. 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 has a 52-week low of $262.03 and a 52-week high of $370.83. The firm has a market capitalization of $77.51 billion, a P/E ratio of 26.29, a P/E/G ratio of 0.88 and a beta of 0.54. The stock has a fifty day moving average price of $305.53 and a two-hundred day moving average price of $328.97.

The Cigna Group (NYSE:CIGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating 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 company had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. During the same period in the prior year, the firm posted $6.77 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. Research 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 announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, December 4th. The Cigna Group’s dividend payout ratio is currently 52.83%.

Wall Street Analysts Forecast Growth

CI has been the topic of several research reports. Piper Sandler restated an “overweight” rating and set a $394.00 price objective (up previously from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Truist Financial dropped their target price on The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price target on shares of The Cigna Group in a report on Wednesday, October 23rd. Finally, Stephens restated an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a research note on Friday, November 1st. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $395.93.

Get Our Latest Report on The Cigna Group

The Cigna Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for The Cigna Group (NYSE:CI)

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