2,078 Shares in Cigna Group $CI Purchased by 111 Capital

111 Capital purchased a new position in Cigna Group (NYSE:CI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,078 shares of the health services provider’s stock, valued at approximately $687,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake 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 worth $1,032,000 after buying an additional 318 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Cigna Group during the 1st quarter worth approximately $123,000. RFG Advisory LLC acquired a new position in shares of Cigna Group in the first quarter worth $233,000. Hennion & Walsh Asset Management Inc. raised its stake in Cigna Group by 13.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,212 shares of the health services provider’s stock valued at $399,000 after purchasing an additional 144 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its holdings in shares of Cigna Group by 106.2% during the first quarter. Signal Advisors Wealth LLC now owns 1,827 shares of the health services provider’s stock worth $601,000 after buying an additional 941 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CI shares. Royal Bank Of Canada reissued an “outperform” rating and set a $371.00 price objective on shares of Cigna Group in a research note on Thursday, June 26th. Deutsche Bank Aktiengesellschaft set a $415.00 price target on Cigna Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Cigna Group from a “buy” rating to a “hold” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cigna Group in a research note on Saturday, September 27th. Finally, Barclays raised their price target on Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.81.

Insider Buying and Selling

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 25,648 shares in the company, valued at $7,694,400. This represents a 52.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Cigna Group Price Performance

CI opened at $311.24 on Friday. Cigna Group has a 52-week low of $256.89 and a 52-week high of $358.88. The company has a 50 day moving average of $292.41 and a two-hundred day moving average of $309.73. The company has a market cap of $83.08 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.91 and a beta of 0.45. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, beating analysts’ consensus estimates of $7.15 by $0.05. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The business had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. During the same quarter last year, the firm posted $6.72 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 4th. Cigna Group’s dividend payout ratio (DPR) is presently 32.97%.

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.