Bruni J V & Co. Co. Purchases 916 Shares of The Cigna Group (NYSE:CI)

Bruni J V & Co. Co. increased its position in shares of The Cigna Group (NYSE:CI) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,155 shares of the health services provider’s stock after acquiring an additional 916 shares during the period. The Cigna Group makes up about 3.4% of Bruni J V & Co. Co.’s holdings, making the stock its 14th biggest position. Bruni J V & Co. Co.’s holdings in The Cigna Group were worth $29,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CI. Collier Financial bought a new stake in The Cigna Group during the 4th quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new stake in The Cigna Group during the 4th quarter worth approximately $34,000. Prospera Private Wealth LLC bought a new stake in The Cigna Group during the 3rd quarter worth approximately $37,000. Compagnie Lombard Odier SCmA bought a new stake in The Cigna Group during the 4th quarter worth approximately $37,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of The Cigna Group in the 3rd quarter worth $45,000. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

CI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a report on Monday, November 4th. StockNews.com raised shares of The Cigna Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. UBS Group decreased their price target on shares of The Cigna Group from $410.00 to $390.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Stephens decreased their price target on shares of The Cigna Group from $410.00 to $380.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Sanford C. Bernstein lowered shares of The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 price target on the stock. in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $372.31.

The Cigna Group Trading Up 1.9 %

Shares of CI opened at $308.66 on Friday. The stock has a market capitalization of $85.85 billion, a P/E ratio of 25.22, a PEG ratio of 0.98 and a beta of 0.54. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $289.54 and a two-hundred day simple moving average of $318.73.

The Cigna Group (NYSE:CI) last announced its quarterly 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 quarter in the prior year, the business posted $6.79 earnings per share. On average, research analysts anticipate that The Cigna Group will post 29.77 EPS for the current year.

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. The Cigna Group’s dividend payout ratio (DPR) is 49.35%.

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.