TCV Trust & Wealth Management Inc. Has $1.12 Million Stock Holdings in The Cigna Group (NYSE:CI)

TCV Trust & Wealth Management Inc. decreased its stake in shares of The Cigna Group (NYSE:CI) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,040 shares of the health services provider’s stock after selling 62 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in The Cigna Group were worth $1,116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Portfolio Design Labs LLC boosted its holdings in shares of The Cigna Group by 59.1% during the fourth quarter. Portfolio Design Labs LLC now owns 8,073 shares of the health services provider’s stock worth $2,229,000 after acquiring an additional 3,000 shares during the period. Collier Financial acquired a new stake in The Cigna Group during the 4th quarter worth approximately $32,000. Aubrey Capital Management Ltd boosted its stake in The Cigna Group by 91.8% in the 4th quarter. Aubrey Capital Management Ltd now owns 1,849 shares of the health services provider’s stock valued at $511,000 after purchasing an additional 885 shares during the period. Global Wealth Management Investment Advisory Inc. grew its holdings in The Cigna Group by 10.3% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 8,376 shares of the health services provider’s stock valued at $2,313,000 after buying an additional 784 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its position in The Cigna Group by 58.4% during the 4th quarter. Angeles Wealth Management LLC now owns 2,246 shares of the health services provider’s stock worth $620,000 after buying an additional 828 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CI shares. Morgan Stanley reduced their target price on shares of The Cigna Group from $403.00 to $379.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada decreased their target price on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Oppenheimer dropped their price target on shares of The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. StockNews.com downgraded The Cigna Group from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Barclays dropped their price objective on The Cigna Group from $420.00 to $339.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $373.69.

The Cigna Group Stock Up 0.9 %

Shares of NYSE CI opened at $295.46 on Wednesday. The company has a market cap of $82.18 billion, a price-to-earnings ratio of 24.14, a PEG 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 Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. The stock has a 50-day moving average price of $288.96 and a two-hundred day moving average price of $322.16.

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 (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 last year, the firm earned $6.79 EPS. As a group, analysts forecast that The Cigna Group will post 29.8 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.04%. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Wednesday, March 5th. The Cigna Group’s dividend payout ratio is presently 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.