Greenfield Savings Bank Has $712,000 Position in The Cigna Group (NYSE:CI)

Greenfield Savings Bank lifted its holdings in The Cigna Group (NYSE:CI) by 28.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,578 shares of the health services provider’s stock after buying an additional 567 shares during the quarter. Greenfield Savings Bank’s holdings in The Cigna Group were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Miracle Mile Advisors LLC raised its stake in shares of The Cigna Group by 0.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 16,681 shares of the health services provider’s stock worth $4,606,000 after acquiring an additional 105 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of The Cigna Group by 8.7% in the fourth quarter. Wedmont Private Capital now owns 4,664 shares of the health services provider’s stock valued at $1,301,000 after purchasing an additional 373 shares in the last quarter. Trust Co. of Toledo NA OH raised its position in The Cigna Group by 6.2% in the 4th quarter. Trust Co. of Toledo NA OH now owns 1,032 shares of the health services provider’s stock worth $285,000 after purchasing an additional 60 shares during the last quarter. Fiduciary Alliance LLC bought a new position in The Cigna Group in the 4th quarter valued at $252,000. Finally, Winthrop Advisory Group LLC increased its stake in shares of The Cigna Group by 2.9% in the 4th quarter. Winthrop Advisory Group LLC now owns 3,501 shares of the health services provider’s stock valued at $967,000 after buying an additional 99 shares during the period. 86.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CI shares. Stephens reaffirmed an “overweight” rating and set a $410.00 price target on shares of The Cigna Group in a research note on Friday, November 1st. Truist Financial reduced their price objective on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group upped their target price on shares of The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Piper Sandler reaffirmed an “overweight” rating and set a $394.00 price objective (up from $392.00) on shares of The Cigna Group in a research note on Tuesday, November 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Cigna Group presently has a consensus rating of “Buy” and an average target price of $395.93.

The Cigna Group Trading Up 0.9 %

NYSE:CI opened at $281.54 on Tuesday. The company has a market cap of $78.31 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 0.88 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 business has a 50 day moving average price of $304.16 and a two-hundred day moving average price of $328.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The business had revenue of $63.70 billion during the quarter, compared to the consensus estimate of $59.58 billion. During the same quarter last year, the firm earned $6.77 earnings per share. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, analysts expect that The Cigna Group will post 28.5 EPS for the current fiscal year.

The Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were given a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.99%. The Cigna Group’s payout ratio is 52.83%.

About The Cigna Group

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.