Achmea Investment Management B.V. Acquires 1,228 Shares of The Cigna Group (NYSE:CI)

Achmea Investment Management B.V. increased its position in The Cigna Group (NYSE:CI) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 92,657 shares of the health services provider’s stock after acquiring an additional 1,228 shares during the quarter. Achmea Investment Management B.V.’s holdings in The Cigna Group were worth $25,586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CI. Swedbank AB grew its stake in The Cigna Group by 26.6% in the third quarter. Swedbank AB now owns 570,283 shares of the health services provider’s stock worth $197,569,000 after purchasing an additional 119,681 shares in the last quarter. Sigma Planning Corp grew its stake in The Cigna Group by 44.5% in the third quarter. Sigma Planning Corp now owns 3,089 shares of the health services provider’s stock worth $1,070,000 after purchasing an additional 952 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in The Cigna Group by 8.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 3,210 shares of the health services provider’s stock worth $1,112,000 after purchasing an additional 247 shares in the last quarter. Apollon Wealth Management LLC grew its stake in The Cigna Group by 2.0% in the third quarter. Apollon Wealth Management LLC now owns 8,915 shares of the health services provider’s stock worth $3,089,000 after purchasing an additional 171 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in The Cigna Group in the third quarter worth approximately $2,311,000. Institutional investors own 86.99% of the company’s stock.

Insider Buying and Selling

In other The Cigna Group news, insider Nicole S. Jones sold 4,904 shares of The Cigna Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $308.12, for a total transaction of $1,511,020.48. Following the completion of the transaction, the insider now owns 29,421 shares in the company, valued at approximately $9,065,198.52. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Noelle K. Eder sold 9,944 shares of The Cigna Group stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $320.00, for a total value of $3,182,080.00. Following the transaction, the insider now owns 13,406 shares of the company’s stock, valued at $4,289,920. The trade was a 42.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,375 shares of company stock worth $12,866,600 in the last 90 days. Insiders own 0.60% of the company’s stock.

The Cigna Group Stock Performance

Shares of CI stock opened at $311.08 on Thursday. The firm has a market capitalization of $85.14 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.53. 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 business has a fifty day moving average of $295.40 and a 200 day moving average of $317.10. The Cigna Group has a 1 year low of $262.03 and a 1 year 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 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 period in the previous year, the business posted $6.79 earnings per share. As a group, research analysts expect that The Cigna Group will post 29.77 earnings per share for the current year.

The Cigna Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $1.51 dividend. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date is Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a yield of 1.94%. The Cigna Group’s dividend payout ratio (DPR) is 49.35%.

Analyst Upgrades and Downgrades

CI has been the topic of several recent research reports. Oppenheimer dropped their target price on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $360.00 target price (down previously from $415.00) on shares of The Cigna Group in a research report on Friday, January 31st. Sanford C. Bernstein cut The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 target price on the stock. in a research report on Thursday, February 6th. Stephens dropped their target price on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, 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. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, The Cigna Group has an average rating of “Buy” and an average price target of $372.31.

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.