Cigna Group $CI Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of Cigna Group (NYSE:CI) by 4.1% in the second quarter, HoldingsChannel.com reports. The firm owned 22,138 shares of the health services provider’s stock after selling 955 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cigna Group were worth $7,318,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Flaharty Asset Management LLC acquired a new position in Cigna Group during the 1st quarter worth about $28,000. 1248 Management LLC acquired a new position in Cigna Group during the 1st quarter worth about $29,000. Activest Wealth Management lifted its stake in Cigna Group by 360.0% during the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after acquiring an additional 72 shares in the last quarter. Retirement Wealth Solutions LLC lifted its stake in Cigna Group by 74.1% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock worth $33,000 after acquiring an additional 43 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in Cigna Group during the 1st quarter worth about $36,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CI shares. Barclays increased their target price on Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $365.00 price target on shares of Cigna Group in a research report on Tuesday, August 26th. Robert W. Baird set a $372.00 price target on Cigna Group in a research report on Thursday, August 14th. Guggenheim reaffirmed a “buy” rating and issued a $350.00 price target (down previously from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cigna Group in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Cigna Group currently has a consensus rating of “Moderate Buy” and an average price target of $372.69.

Insider Activity at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the transaction, the insider owned 25,648 shares of the company’s stock, valued at $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian C. Evanko sold 5,368 shares of Cigna Group stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $300.00, for a total value of $1,610,400.00. Following the transaction, the insider directly owned 51,182 shares in the company, valued at approximately $15,354,600. This trade represents a 9.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Cigna Group Price Performance

Shares of NYSE CI opened at $301.00 on Friday. 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 has a fifty-two week low of $256.89 and a fifty-two week high of $358.88. The firm has a market capitalization of $80.35 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.90 and a beta of 0.45. The stock’s 50-day simple moving average is $294.68 and its 200-day simple moving average is $309.31.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share 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 business had revenue of $67.13 billion for the quarter, compared to analyst estimates of $62.61 billion. During the same quarter last year, the company earned $6.72 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities research analysts forecast that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.04 annualized dividend and a yield of 2.0%. Cigna Group’s payout ratio is 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.