B. Metzler seel. Sohn & Co. Holding AG Acquires New Stake in The Cigna Group (NYSE:CI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in The Cigna Group (NYSE:CI) in the 3rd quarter, HoldingsChannel reports. The fund acquired 23,674 shares of the health services provider’s stock, valued at approximately $8,202,000.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of The Cigna Group by 23.3% during the 1st quarter. Bessemer Group Inc. now owns 28,097 shares of the health services provider’s stock valued at $10,205,000 after acquiring an additional 5,308 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of The Cigna Group during the 1st quarter valued at $101,000. CreativeOne Wealth LLC bought a new stake in shares of The Cigna Group in the 1st quarter worth approximately $454,000. Atalanta Sosnoff Capital LLC bought a new position in The Cigna Group in the 1st quarter worth about $80,343,000. Finally, Capital World Investors boosted its stake in The Cigna Group by 0.6% during the 1st quarter. Capital World Investors now owns 1,186,982 shares of the health services provider’s stock valued at $431,100,000 after purchasing an additional 6,549 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

The Cigna Group Stock Performance

NYSE CI opened at $322.70 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The Cigna Group has a twelve month low of $253.95 and a twelve month high of $370.83. The stock has a 50-day moving average of $337.46 and a 200 day moving average of $339.14. The stock has a market capitalization of $89.76 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 0.97 and a beta of 0.51.

The Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping the consensus estimate of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The company had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. During the same quarter in the previous year, the firm earned $6.77 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. Sell-side analysts anticipate that The Cigna Group will post 28.5 EPS for the current fiscal year.

The Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.60 annualized dividend and a yield of 1.74%. The Cigna Group’s dividend payout ratio (DPR) is currently 52.83%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CI. StockNews.com downgraded The Cigna Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. Piper Sandler reiterated an “overweight” rating and set a $394.00 price objective (up previously from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of The Cigna Group in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price target on 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. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $394.64.

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.