Pure Portfolios Holdings LLC Has $204,000 Holdings in The Cigna Group (NYSE:CI)

Pure Portfolios Holdings LLC reduced its holdings in The Cigna Group (NYSE:CI) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 737 shares of the health services provider’s stock after selling 103 shares during the quarter. Pure Portfolios Holdings LLC’s holdings in The Cigna Group were worth $204,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Sierra Ocean LLC acquired a new position in shares of The Cigna Group in the 4th quarter valued at approximately $63,000. Allworth Financial LP boosted its holdings in shares of The Cigna Group by 5.2% in the fourth quarter. Allworth Financial LP now owns 6,097 shares of the health services provider’s stock valued at $1,762,000 after buying an additional 303 shares during the period. Principal Securities Inc. increased its position in shares of The Cigna Group by 16.4% during the fourth quarter. Principal Securities Inc. now owns 9,096 shares of the health services provider’s stock worth $2,512,000 after acquiring an additional 1,281 shares in the last quarter. Roman Butler Fullerton & Co. raised its holdings in shares of The Cigna Group by 748.9% during the fourth quarter. Roman Butler Fullerton & Co. now owns 136,951 shares of the health services provider’s stock worth $37,818,000 after acquiring an additional 120,819 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in The Cigna Group by 5.6% in the 4th quarter. V Square Quantitative Management LLC now owns 6,084 shares of the health services provider’s stock valued at $1,680,000 after acquiring an additional 323 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their target price 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 $390.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Barclays reduced their price target on The Cigna Group from $420.00 to $339.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada lowered their price objective on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Stephens reduced their target price on shares of The Cigna Group from $410.00 to $380.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $373.69.

The Cigna Group Trading Down 2.6 %

The Cigna Group stock opened at $292.12 on Monday. The stock has a 50-day simple moving average of $286.46 and a 200 day simple moving average of $320.86. The stock has a market capitalization of $81.25 billion, a P/E ratio of 23.87, a PEG ratio of 0.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.66. 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 earnings results on Thursday, January 30th. The health services provider reported $6.64 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the company earned $6.79 EPS. Analysts expect that The Cigna Group will post 29.8 earnings per share for the current year.

The Cigna Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $1.51 dividend. The ex-dividend date is Wednesday, March 5th. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 annualized dividend and a dividend yield of 2.07%. The Cigna Group’s dividend payout ratio is presently 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.