Breakwater Capital Group Has $313,000 Position in The Cigna Group (NYSE:CI)

Breakwater Capital Group cut its stake in shares of The Cigna Group (NYSE:CI) by 5.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,133 shares of the health services provider’s stock after selling 62 shares during the period. Breakwater Capital Group’s holdings in The Cigna Group were worth $313,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton grew its holdings in shares of The Cigna Group by 29.1% during the 4th quarter. Rosenberg Matthew Hamilton now owns 687 shares of the health services provider’s stock valued at $190,000 after acquiring an additional 155 shares in the last quarter. Greenfield Savings Bank boosted its position in The Cigna Group by 28.2% during the fourth quarter. Greenfield Savings Bank now owns 2,578 shares of the health services provider’s stock valued at $712,000 after purchasing an additional 567 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in 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 valued at $4,606,000 after purchasing an additional 105 shares in the last quarter. Wedmont Private Capital increased its position in The Cigna Group by 8.7% in the 4th quarter. Wedmont Private Capital now owns 4,664 shares of the health services provider’s stock worth $1,301,000 after purchasing an additional 373 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its stake in shares of The Cigna Group by 6.2% during 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 in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Stock Up 0.9 %

Shares of CI stock opened at $284.95 on Wednesday. The Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. 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 firm has a market cap of $79.26 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 0.88 and a beta of 0.54. The stock has a 50 day moving average of $303.49 and a 200-day moving average of $327.70.

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

The Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 4th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, December 4th. The Cigna Group’s dividend payout ratio (DPR) is presently 52.83%.

Analysts Set New Price Targets

A number of research firms recently commented on CI. Barclays increased their price objective on The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler restated an “overweight” rating and set a $394.00 price target (up previously from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a report on Monday, November 4th. StockNews.com lowered The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upped their price target on The Cigna Group from $402.00 to $422.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $395.93.

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.