Alexander Randolph Advisory Inc. Purchases 45 Shares of The Cigna Group (NYSE:CI)

Alexander Randolph Advisory Inc. lifted its holdings in The Cigna Group (NYSE:CI) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,569 shares of the health services provider’s stock after purchasing an additional 45 shares during the quarter. The Cigna Group accounts for approximately 1.9% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 17th largest position. Alexander Randolph Advisory Inc.’s holdings in The Cigna Group were worth $2,090,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Sterling Financial Group Inc. purchased a new position in shares of The Cigna Group in the 4th quarter worth $4,367,000. Marks Group Wealth Management Inc lifted its holdings in shares of The Cigna Group by 3,669.7% in the 3rd quarter. Marks Group Wealth Management Inc now owns 24,013 shares of the health services provider’s stock valued at $8,319,000 after acquiring an additional 23,376 shares during the last quarter. Principal Financial Group Inc. grew its position in The Cigna Group by 3.6% in the third quarter. Principal Financial Group Inc. now owns 323,911 shares of the health services provider’s stock worth $112,216,000 after acquiring an additional 11,228 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in The Cigna Group by 1.1% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 75,837 shares of the health services provider’s stock worth $20,942,000 after acquiring an additional 858 shares during the last quarter. Finally, Trinity Street Asset Management LLP raised its position in The Cigna Group by 7.1% during the third quarter. Trinity Street Asset Management LLP now owns 81,411 shares of the health services provider’s stock valued at $28,204,000 after purchasing an additional 5,397 shares during the period. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CI shares. Truist Financial dropped their target price on The Cigna Group from $390.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Sanford C. Bernstein cut shares of The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 price objective on the stock. in a research report on Thursday, February 6th. Raymond James reissued a “strong-buy” rating and issued a $360.00 target price (down previously from $415.00) on shares of The Cigna Group in a research note on Friday, January 31st. UBS Group dropped their price target on shares of The Cigna Group from $410.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Stephens reduced 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 research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, The Cigna Group presently has an average rating of “Buy” and a consensus price target of $372.31.

The Cigna Group Trading Up 0.1 %

Shares of NYSE CI opened at $299.92 on Friday. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The firm has a market cap of $83.42 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The business has a fifty day simple moving average of $286.35 and a two-hundred day simple moving average of $319.54. 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 Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing the consensus estimate 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 prior year, the company earned $6.79 earnings per share. Analysts expect that The Cigna Group will post 29.77 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.01%. The Cigna Group’s dividend payout ratio (DPR) is currently 45.75%.

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.