Dynamic Advisor Solutions LLC Buys 36 Shares of Cigna Group (NYSE:CI)

Dynamic Advisor Solutions LLC boosted its stake in Cigna Group (NYSE:CI) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,219 shares of the health services provider’s stock after purchasing an additional 36 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Cigna Group were worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake in shares of Cigna Group by 4.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,556,278 shares of the health services provider’s stock valued at $3,191,151,000 after acquiring an additional 501,320 shares during the last quarter. Sanders Capital LLC raised its stake in shares of Cigna Group by 2.0% during the fourth quarter. Sanders Capital LLC now owns 8,054,959 shares of the health services provider’s stock valued at $2,224,296,000 after acquiring an additional 154,420 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cigna Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,957,180 shares of the health services provider’s stock valued at $1,640,878,000 after acquiring an additional 101,737 shares during the last quarter. GQG Partners LLC raised its stake in shares of Cigna Group by 22.4% during the fourth quarter. GQG Partners LLC now owns 4,021,582 shares of the health services provider’s stock valued at $1,110,520,000 after acquiring an additional 737,099 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Cigna Group during the fourth quarter valued at $867,785,000. Institutional investors own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CI shares. Robert W. Baird dropped their price target on shares of Cigna Group from $388.00 to $362.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald raised their price target on shares of Cigna Group from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Wall Street Zen upgraded shares of Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Morgan Stanley increased their price objective on shares of Cigna Group from $379.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $371.00 price objective on shares of Cigna Group in a research report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $380.39.

Cigna Group Trading Down 0.7%

NYSE:CI opened at $312.32 on Wednesday. The stock has a market capitalization of $83.43 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.93 and a beta of 0.44. The firm has a fifty day simple moving average of $322.18 and a two-hundred day simple moving average of $308.05. Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Friday, May 2nd. The health services provider reported $6.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.39. The firm had revenue of $65.45 billion during the quarter, compared to analysts’ expectations of $60.39 billion. Cigna Group had a net margin of 1.97% and a return on equity of 18.63%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $6.47 earnings per share. Analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, June 3rd. Cigna Group’s dividend payout ratio is currently 33.44%.

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.