The Cigna Group (NYSE:CI) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its stake in shares of The Cigna Group (NYSE:CI) by 161.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 428 shares of the health services provider’s stock after buying an additional 264 shares during the period. Venturi Wealth Management LLC’s holdings in The Cigna Group were worth $118,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new position in The Cigna Group during the 3rd quarter valued at about $37,000. Collier Financial acquired a new position in The Cigna Group during the 4th quarter valued at about $32,000. ORG Wealth Partners LLC acquired a new position in The Cigna Group during the 4th quarter valued at about $34,000. Harbor Capital Advisors Inc. acquired a new position in The Cigna Group during the 3rd quarter valued at about $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in The Cigna Group during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Stock Performance

Shares of CI opened at $299.92 on Friday. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The company has a 50-day moving average of $286.35 and a two-hundred day moving average of $319.54. The stock has a market cap of $83.42 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.66 and a quick ratio of 0.72.

The Cigna Group (NYSE:CI) last posted its quarterly 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 quarter last year, the firm earned $6.79 EPS. On average, equities research analysts expect that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Increases Dividend

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

Wall Street Analysts Forecast Growth

CI has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price 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. Truist Financial lowered their price objective on shares of The Cigna Group from $390.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Raymond James reaffirmed a “strong-buy” rating and issued a $360.00 price objective (down previously from $415.00) on shares of The Cigna Group in a research note on Friday, January 31st. 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. Finally, StockNews.com raised shares of The Cigna Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, The Cigna Group has a consensus rating of “Buy” and a consensus price target of $372.31.

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.