APG Asset Management N.V. Has $107.09 Million Holdings in The Cigna Group (NYSE:CI)

APG Asset Management N.V. lifted its position in The Cigna Group (NYSE:CI) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 347,191 shares of the health services provider’s stock after acquiring an additional 1,778 shares during the quarter. APG Asset Management N.V. owned approximately 0.12% of The Cigna Group worth $107,087,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners lifted its position in shares of The Cigna Group by 100.0% in the first quarter. Silicon Valley Capital Partners now owns 70 shares of the health services provider’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Cedar Wealth Management LLC purchased a new stake in The Cigna Group in the 1st quarter worth approximately $29,000. Raleigh Capital Management Inc. boosted its stake in shares of The Cigna Group by 69.5% during the 4th quarter. Raleigh Capital Management Inc. now owns 100 shares of the health services provider’s stock valued at $30,000 after buying an additional 41 shares during the period. TruNorth Capital Management LLC purchased a new position in shares of The Cigna Group during the 2nd quarter valued at $33,000. Finally, Pineridge Advisors LLC acquired a new position in shares of The Cigna Group in the fourth quarter worth $37,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Cigna Group news, Director William J. Delaney III sold 2,691 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $342.68, for a total value of $922,151.88. Following the completion of the sale, the director now owns 17,539 shares in the company, valued at approximately $6,010,264.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

CI has been the subject of a number of research reports. Jefferies Financial Group lifted 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. Barclays increased their price objective on The Cigna Group from $393.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a research note on Monday, September 16th. Baird R W upgraded shares of The Cigna Group to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, StockNews.com raised shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $392.79.

The Cigna Group Trading Down 1.1 %

Shares of NYSE:CI opened at $344.91 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s 50-day moving average is $347.84 and its 200-day moving average is $345.28. The company has a market cap of $97.98 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.08 and a beta of 0.50. The Cigna Group has a 52-week low of $253.95 and a 52-week high of $370.83.

The Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, August 1st. The health services provider reported $6.72 EPS for the quarter, topping the consensus estimate of $6.42 by $0.30. The Cigna Group had a return on equity of 17.83% and a net margin of 1.70%. The company had revenue of $60.52 billion for the quarter, compared to the consensus estimate of $58.30 billion. During the same period in the previous year, the business posted $6.13 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities research analysts predict that The Cigna Group will post 28.48 earnings per share for the current year.

The Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Wednesday, September 4th were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Wednesday, September 4th. The Cigna Group’s payout ratio is presently 45.98%.

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.