Kestra Investment Management LLC Has $911,000 Holdings in The Cigna Group (NYSE:CI)

Kestra Investment Management LLC lifted its stake in shares of The Cigna Group (NYSE:CI) by 63.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,297 shares of the health services provider’s stock after buying an additional 1,281 shares during the period. Kestra Investment Management LLC’s holdings in The Cigna Group were worth $911,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Collier Financial acquired a new position in shares of The Cigna Group during the fourth quarter worth approximately $32,000. ORG Wealth Partners LLC acquired a new position in shares of The Cigna Group during the fourth quarter worth approximately $34,000. Prospera Private Wealth LLC acquired a new position in shares of The Cigna Group during the third quarter worth approximately $37,000. Compagnie Lombard Odier SCmA acquired a new position in shares of The Cigna Group during the fourth quarter worth approximately $37,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of The Cigna Group during the third quarter worth approximately $45,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CI shares. StockNews.com downgraded shares of The Cigna Group from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a research note on Monday, November 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 note on Thursday, February 6th. Barclays reduced their price objective on shares of The Cigna Group from $420.00 to $339.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on shares of The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Three equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $373.69.

The Cigna Group Trading Up 0.8 %

Shares of NYSE:CI opened at $294.75 on Wednesday. The firm has a market cap of $81.98 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 0.94 and a beta of 0.54. The Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. The company’s fifty day simple moving average is $285.58 and its 200 day simple moving average is $320.08. 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 announced its quarterly earnings data 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 net margin of 1.39% and a return on equity of 18.61%. During the same quarter in the prior year, the company posted $6.79 earnings per share. As a group, research analysts forecast that The Cigna Group will post 29.8 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company 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. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.05%. 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. The Cigna Group’s dividend payout ratio (DPR) is 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.