The Cigna Group (NYSE:CI) SVP Hoeltzel Mary T. Agoglia Sells 4,867 Shares

The Cigna Group (NYSE:CIGet Free Report) SVP Hoeltzel Mary T. Agoglia sold 4,867 shares of The Cigna Group stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $330.48, for a total value of $1,608,446.16. Following the completion of the transaction, the senior vice president now owns 2,102 shares in the company, valued at approximately $694,668.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

The Cigna Group Stock Up 0.8 %

Shares of The Cigna Group stock opened at $334.85 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The business’s 50 day simple moving average is $301.06 and its 200-day simple moving average is $293.77. The stock has a market capitalization of $97.98 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.01 and a beta of 0.51. The Cigna Group has a twelve month low of $240.50 and a twelve month high of $335.83.

The Cigna Group (NYSE:CIGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The health services provider reported $6.79 earnings per share for the quarter, topping analysts’ consensus estimates of $6.54 by $0.25. The business had revenue of $51.15 billion for the quarter, compared to analysts’ expectations of $48.91 billion. The Cigna Group had a return on equity of 13.59% and a net margin of 2.64%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.96 EPS. Equities research analysts forecast that The Cigna Group will post 28.36 earnings per share for the current year.

The Cigna Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Wednesday, March 6th will be given a $1.40 dividend. This is a boost from The Cigna Group’s previous quarterly dividend of $1.23. This represents a $5.60 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, March 5th. The Cigna Group’s dividend payout ratio (DPR) is currently 28.29%.

Institutional Trading of The Cigna Group

Several large investors have recently added to or reduced their stakes in CI. Bogart Wealth LLC increased its position in The Cigna Group by 104.5% in the 3rd quarter. Bogart Wealth LLC now owns 90 shares of the health services provider’s stock valued at $26,000 after acquiring an additional 46 shares during the period. OFI Invest Asset Management acquired a new stake in The Cigna Group in the 3rd quarter valued at approximately $26,000. Fairfield Bush & CO. acquired a new stake in The Cigna Group in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new stake in The Cigna Group in the 4th quarter valued at approximately $29,000. Finally, Optimum Investment Advisors increased its position in The Cigna Group by 110.0% in the 3rd quarter. Optimum Investment Advisors now owns 105 shares of the health services provider’s stock valued at $30,000 after acquiring an additional 55 shares during the period. 85.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on CI. Sanford C. Bernstein upgraded The Cigna Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $330.00 to $372.00 in a research note on Thursday, January 4th. Mizuho boosted their price objective on The Cigna Group from $360.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Royal Bank of Canada upgraded The Cigna Group from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $327.00 to $354.00 in a research note on Monday, February 5th. Jefferies Financial Group raised The Cigna Group from a “hold” rating to a “buy” rating and increased their price target for the company from $335.00 to $341.00 in a report on Monday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised The Cigna Group from a “hold” rating to a “buy” rating and increased their price target for the company from $355.00 to $370.00 in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, The Cigna Group has a consensus rating of “Buy” and a consensus price target of $357.15.

Read Our Latest Report on CI

The Cigna Group Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for The Cigna Group (NYSE:CI)

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