Trinity Street Asset Management LLP Increases Holdings in Cigna Group $CI

Trinity Street Asset Management LLP grew its position in shares of Cigna Group (NYSE:CI) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,181 shares of the health services provider’s stock after buying an additional 3,296 shares during the quarter. Cigna Group accounts for approximately 1.6% of Trinity Street Asset Management LLP’s holdings, making the stock its 16th largest position. Trinity Street Asset Management LLP’s holdings in Cigna Group were worth $22,824,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Cigna Group by 5.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 60,347 shares of the health services provider’s stock valued at $17,395,000 after acquiring an additional 3,243 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Cigna Group during the 3rd quarter valued at about $206,000. Conning Inc. increased its position in shares of Cigna Group by 5,375.3% during the 3rd quarter. Conning Inc. now owns 104,468 shares of the health services provider’s stock valued at $30,113,000 after purchasing an additional 102,560 shares during the last quarter. Procyon Advisors LLC lifted its stake in shares of Cigna Group by 41.3% in the 3rd quarter. Procyon Advisors LLC now owns 4,140 shares of the health services provider’s stock worth $1,193,000 after purchasing an additional 1,211 shares during the period. Finally, Ashton Thomas Securities LLC lifted its stake in shares of Cigna Group by 25.9% in the 3rd quarter. Ashton Thomas Securities LLC now owns 3,657 shares of the health services provider’s stock worth $1,054,000 after purchasing an additional 753 shares during the period. Institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial upped their target price on shares of Cigna Group from $310.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 5th. Wells Fargo & Company cut their price objective on shares of 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. Wolfe Research reduced their price objective on Cigna Group from $345.00 to $325.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 28th. Finally, UBS Group set a $294.00 price target on Cigna Group in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Cigna Group has an average rating of “Moderate Buy” and a consensus target price of $330.48.

Cigna Group Price Performance

NYSE:CI opened at $277.82 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. The business’s 50-day simple moving average is $273.48 and its two-hundred day simple moving average is $287.81. The stock has a market cap of $74.21 billion, a PE ratio of 12.25, a P/E/G ratio of 0.95 and a beta of 0.26. Cigna Group has a 52 week low of $239.51 and a 52 week high of $350.00.

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

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, December 4th. Cigna Group’s payout ratio is 26.64%.

Insider Buying and Selling at Cigna Group

In related news, CEO David Cordani bought 4,134 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $241.88 per share, with a total value of $999,931.92. Following the completion of the purchase, the chief executive officer owned 157,935 shares of the company’s stock, valued at approximately $38,201,317.80. The trade was a 2.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.