18,966 Shares in The Cigna Group (NYSE:CI) Acquired by Voleon Capital Management LP

Voleon Capital Management LP purchased a new position in shares of The Cigna Group (NYSE:CI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,966 shares of the health services provider’s stock, valued at approximately $5,237,000.

Several other large investors have also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of The Cigna Group by 11.7% during the fourth quarter. Northern Trust Corp now owns 3,140,201 shares of the health services provider’s stock worth $867,135,000 after purchasing an additional 328,320 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of The Cigna Group by 5.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 769,035 shares of the health services provider’s stock worth $212,361,000 after purchasing an additional 39,783 shares in the last quarter. Quarry LP increased its position in shares of The Cigna Group by 111.5% during the fourth quarter. Quarry LP now owns 385 shares of the health services provider’s stock worth $106,000 after purchasing an additional 203 shares in the last quarter. Tri Locum Partners LP purchased a new stake in shares of The Cigna Group during the fourth quarter worth approximately $11,269,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of The Cigna Group during the fourth quarter worth approximately $16,944,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Cigna Group

In other news, Director Elder Granger sold 2,376 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $310.35, for a total transaction of $737,391.60. Following the completion of the sale, the director now owns 5,471 shares in the company, valued at approximately $1,697,924.85. The trade was a 30.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole S. Jones sold 4,904 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 29,421 shares of the company’s stock, valued at $9,065,198.52. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,751 shares of company stock worth $13,603,991. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CI has been the topic of a number of recent research reports. StockNews.com raised The Cigna Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on 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. Barclays lowered their price objective on The Cigna Group from $420.00 to $339.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Stephens lowered their price objective on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Oppenheimer lowered their price target on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, The Cigna Group presently has a consensus rating of “Buy” and an average price target of $373.56.

The Cigna Group Trading Up 0.7 %

Shares of CI stock opened at $337.25 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.66. The stock has a market capitalization of $92.30 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 0.98 and a beta of 0.51. The company has a 50 day moving average price of $321.32 and a 200 day moving average price of $310.24. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83.

The Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same quarter last year, the firm posted $6.79 earnings per share. Equities research analysts predict that The Cigna Group will post 29.77 EPS for the current fiscal year.

The Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be paid a $1.51 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $6.04 dividend on an annualized basis and a yield of 1.79%. The Cigna Group’s dividend payout ratio is currently 49.35%.

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.