GAMMA Investing LLC Has $832,000 Stock Holdings in The Cigna Group (NYSE:CI)

GAMMA Investing LLC decreased its holdings in shares of The Cigna Group (NYSE:CI) by 16.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,013 shares of the health services provider’s stock after selling 598 shares during the quarter. GAMMA Investing LLC’s holdings in The Cigna Group were worth $832,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Ulland Investment Advisors LLC increased its holdings in The Cigna Group by 2,500.0% in the third quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of The Cigna Group during the 3rd quarter worth about $37,000. Harbor Capital Advisors Inc. bought a new stake in shares of The Cigna Group in the 3rd quarter valued at about $45,000. Intact Investment Management Inc. acquired a new stake in shares of The Cigna Group in the 3rd quarter valued at approximately $69,000. Finally, Stone House Investment Management LLC boosted its stake in The Cigna Group by 25.0% during the 3rd quarter. Stone House Investment Management LLC now owns 200 shares of the health services provider’s stock worth $69,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Stock Up 2.3 %

Shares of CI stock opened at $280.70 on Friday. The firm’s fifty day moving average price is $308.20 and its two-hundred day moving average price is $330.57. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. The firm has a market capitalization of $78.08 billion, a P/E ratio of 26.48, a PEG ratio of 0.88 and a beta of 0.54.

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

The Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Wednesday, December 4th. The Cigna Group’s payout ratio is presently 52.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CI shares. Deutsche Bank Aktiengesellschaft cut their target price 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 downgraded The Cigna Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $394.00 price target (up previously from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their price objective on The Cigna Group from $402.00 to $422.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $396.38.

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.