The Cigna Group (NYSE:CI) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in shares of The Cigna Group (NYSE:CI) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,383 shares of the health services provider’s stock after purchasing an additional 468 shares during the period. Apollon Wealth Management LLC’s holdings in The Cigna Group were worth $2,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in shares of 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 worth $25,511,000 after acquiring an additional 11,550 shares during the period. Brookstone Capital Management boosted its holdings in The Cigna Group by 3.1% in the 3rd quarter. Brookstone Capital Management now owns 1,338 shares of the health services provider’s stock valued at $464,000 after purchasing an additional 40 shares in the last quarter. Gateway Investment Advisers LLC increased its position in The Cigna Group by 3.8% during the 3rd quarter. Gateway Investment Advisers LLC now owns 21,644 shares of the health services provider’s stock worth $7,498,000 after purchasing an additional 800 shares during the period. Ritholtz Wealth Management raised its stake in shares of The Cigna Group by 1.5% during the 3rd quarter. Ritholtz Wealth Management now owns 5,969 shares of the health services provider’s stock worth $2,068,000 after buying an additional 88 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of The Cigna Group by 5,543.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,700 shares of the health services provider’s stock valued at $1,975,000 after buying an additional 5,599 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CI shares. Wells Fargo & Company dropped their price objective on The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada cut their price target 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. Stephens decreased their price objective on shares of The Cigna Group from $410.00 to $380.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein lowered shares of The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 target price on the stock. in a research report on Thursday. Finally, Raymond James reiterated a “strong-buy” rating and set a $360.00 price target (down from $415.00) on shares of The Cigna Group in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.69.

The Cigna Group Trading Down 0.2 %

The Cigna Group stock opened at $286.67 on Monday. The stock has a market cap of $79.74 billion, a PE ratio of 23.42, a P/E/G ratio of 0.94 and a beta of 0.54. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $289.85 and a 200 day moving average price of $322.63. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83.

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

The Cigna Group Increases Dividend

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

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.