D L Carlson Investment Group Inc. Sells 172 Shares of Cigna Group $CI

D L Carlson Investment Group Inc. reduced its holdings in Cigna Group (NYSE:CI) by 2.0% during the first quarter, Holdings Channel.com reports. The fund owned 8,267 shares of the health services provider’s stock after selling 172 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Cigna Group were worth $2,720,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after purchasing an additional 318 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Cigna Group during the 4th quarter valued at about $1,068,000. Quarry LP boosted its holdings in Cigna Group by 111.5% during the 4th quarter. Quarry LP now owns 385 shares of the health services provider’s stock valued at $106,000 after acquiring an additional 203 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Cigna Group by 5.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 769,035 shares of the health services provider’s stock valued at $212,361,000 after acquiring an additional 39,783 shares during the period. Finally, Northern Trust Corp boosted its holdings in Cigna Group by 11.7% during the 4th quarter. Northern Trust Corp now owns 3,140,201 shares of the health services provider’s stock valued at $867,135,000 after acquiring an additional 328,320 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a $371.00 target price on shares of Cigna Group in a report on Thursday, June 26th. Barclays dropped their target price on Cigna Group from $385.00 to $354.00 and set an “overweight” rating for the company in a report on Friday, August 1st. Piper Sandler increased their target price on Cigna Group from $348.00 to $374.00 and gave the company an “overweight” rating in a report on Monday, May 5th. TD Cowen upgraded Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Finally, Wall Street Zen cut Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $374.82.

Cigna Group Stock Down 0.1%

Shares of NYSE:CI opened at $300.38 on Wednesday. Cigna Group has a 52-week low of $256.89 and a 52-week high of $370.83. The firm has a market capitalization of $80.18 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.88 and a beta of 0.47. The stock has a 50 day moving average price of $300.40 and a 200-day moving average price of $311.71. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71.

Cigna Group (NYSE:CI) last announced its earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.15 by $0.05. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The firm had revenue of $67.13 billion during the quarter, compared to analyst estimates of $62.61 billion. During the same quarter in the prior year, the company earned $6.72 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities research analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.0%. Cigna Group’s dividend payout ratio (DPR) is presently 32.97%.

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $300.00, for a total value of $8,557,800.00. Following the transaction, the insider directly owned 25,648 shares in the company, valued at $7,694,400. This trade represents a 52.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.70% of the company’s stock.

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.