United Asset Strategies Inc. Lowers Position in Cigna Group $CI

United Asset Strategies Inc. decreased its stake in shares of Cigna Group (NYSE:CI) by 97.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,131 shares of the health services provider’s stock after selling 42,106 shares during the period. United Asset Strategies Inc.’s holdings in Cigna Group were worth $326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Cigna Group by 9.3% in the fourth 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. Dynamic Technology Lab Private Ltd bought a new stake in Cigna Group in the 1st quarter worth about $431,000. Great Lakes Advisors LLC increased its stake in Cigna Group by 14.4% in the 1st quarter. Great Lakes Advisors LLC now owns 1,030 shares of the health services provider’s stock valued at $339,000 after buying an additional 130 shares during the last quarter. Glenview Trust co lifted its position in shares of Cigna Group by 2.8% during the 1st quarter. Glenview Trust co now owns 17,271 shares of the health services provider’s stock worth $5,682,000 after buying an additional 464 shares in the last quarter. Finally, Integrity Alliance LLC. bought a new position in shares of Cigna Group during the 1st quarter worth approximately $617,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CI shares. Robert W. Baird decreased their price target on Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company decreased their target price on Cigna Group from $354.00 to $300.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $307.00 target price on shares of Cigna Group in a research note on Tuesday. TD Cowen reduced their price target on shares of Cigna Group from $387.00 to $333.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald decreased their price objective on shares of Cigna Group from $365.00 to $325.00 in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $333.04.

Cigna Group Trading Up 1.7%

Shares of Cigna Group stock opened at $283.97 on Friday. Cigna Group has a 52-week low of $239.51 and a 52-week high of $350.00. The stock’s 50-day simple moving average is $271.62 and its 200 day simple moving average is $289.39. The stock has a market capitalization of $75.86 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.98 and a beta of 0.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.76.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, October 30th. The health services provider reported $7.83 earnings per share for the quarter, topping analysts’ consensus estimates of $7.64 by $0.19. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. The firm had revenue of $69.57 billion during the quarter, compared to analyst estimates of $66.40 billion. During the same quarter last year, the business earned $7.51 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, research analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, December 4th. Cigna Group’s payout ratio is currently 26.64%.

Insider Transactions at Cigna Group

In related news, CEO David Cordani bought 4,134 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $241.88 per share, for a total transaction of $999,931.92. Following the completion of the transaction, the chief executive officer directly owned 157,935 shares in the company, valued at approximately $38,201,317.80. The trade was a 2.69% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by insiders.

Cigna Group Profile

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.