TCG Advisory Services LLC Takes Position in The Cigna Group (NYSE:CI)

TCG Advisory Services LLC acquired a new position in shares of The Cigna Group (NYSE:CI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,811 shares of the health services provider’s stock, valued at approximately $542,000.

Other institutional investors have also recently modified their holdings of the company. Eads & Heald Wealth Management lifted its stake in shares of The Cigna Group by 1.7% in the 3rd quarter. Eads & Heald Wealth Management now owns 2,123 shares of the health services provider’s stock worth $607,000 after acquiring an additional 35 shares during the period. Relyea Zuckerberg Hanson LLC increased its position in shares of The Cigna Group by 3.2% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,113 shares of the health services provider’s stock valued at $333,000 after purchasing an additional 35 shares during the period. Legacy Financial Advisors Inc. raised its stake in shares of The Cigna Group by 3.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,250 shares of the health services provider’s stock worth $374,000 after buying an additional 37 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of The Cigna Group by 1.4% in the third quarter. Sequoia Financial Advisors LLC now owns 2,822 shares of the health services provider’s stock valued at $807,000 after buying an additional 39 shares during the period. Finally, Breakwater Capital Group boosted its stake in The Cigna Group by 3.5% during the fourth quarter. Breakwater Capital Group now owns 1,144 shares of the health services provider’s stock valued at $349,000 after buying an additional 39 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David Cordani sold 38,065 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $335.22, for a total value of $12,760,149.30. Following the transaction, the chief executive officer now owns 329,321 shares in the company, valued at $110,394,985.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Eric P. Palmer sold 1,017 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $335.26, for a total transaction of $340,959.42. Following the completion of the sale, the insider now owns 45,564 shares in the company, valued at approximately $15,275,786.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Cordani sold 38,065 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $335.22, for a total value of $12,760,149.30. Following the completion of the transaction, the chief executive officer now directly owns 329,321 shares in the company, valued at $110,394,985.62. The disclosure for this sale can be found here. Insiders sold a total of 114,144 shares of company stock worth $39,296,330 in the last three months. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

CI has been the subject of a number of research analyst reports. Cantor Fitzgerald upped their price target on shares of The Cigna Group from $384.00 to $400.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer raised their target price on shares of The Cigna Group from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company upped their price target on The Cigna Group from $334.00 to $348.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com upgraded The Cigna Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 14th. Finally, Deutsche Bank Aktiengesellschaft raised The Cigna Group from a “hold” rating to a “buy” rating and upped their target price for the company from $355.00 to $370.00 in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $366.14.

The Cigna Group Stock Down 0.9 %

Shares of NYSE CI traded down $3.00 during mid-day trading on Friday, reaching $341.50. The company had a trading volume of 2,413,548 shares, compared to its average volume of 1,380,653. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.67 and a current ratio of 0.71. The company has a market capitalization of $99.84 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.05 and a beta of 0.57. The stock has a fifty day moving average of $350.77 and a two-hundred day moving average of $319.71. The Cigna Group has a 12-month low of $240.50 and a 12-month high of $365.71.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, May 2nd. The health services provider reported $6.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.17 by $0.30. The Cigna Group had a net margin of 1.76% and a return on equity of 17.24%. The company had revenue of $57.25 billion during the quarter, compared to the consensus estimate of $56.59 billion. During the same quarter in the prior year, the firm earned $5.41 EPS. The company’s revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts expect that The Cigna Group will post 28.45 EPS for the current year.

The Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, June 4th. The Cigna Group’s payout ratio is currently 45.98%.

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.