Cigna Group $CI Stock Position Lowered by Cooper Financial Group

Cooper Financial Group decreased its position in Cigna Group (NYSE:CI) by 7.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,573 shares of the health services provider’s stock after selling 200 shares during the period. Cooper Financial Group’s holdings in Cigna Group were worth $851,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CI. Modern Wealth Management LLC boosted its position in Cigna Group by 91.3% during the 1st quarter. Modern Wealth Management LLC now owns 3,130 shares of the health services provider’s stock worth $1,030,000 after acquiring an additional 1,494 shares during the period. Acadian Asset Management LLC lifted its position in shares of Cigna Group by 277.5% in the first quarter. Acadian Asset Management LLC now owns 8,274 shares of the health services provider’s stock worth $2,718,000 after purchasing an additional 6,082 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cigna Group during the first quarter worth approximately $431,000. NBC Securities Inc. purchased a new position in Cigna Group during the first quarter valued at approximately $123,000. Finally, Integrity Alliance LLC. purchased a new position in Cigna Group during the first quarter valued at approximately $617,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Cigna Group Stock Performance

Shares of NYSE CI opened at $291.36 on Thursday. The business’s 50-day simple moving average is $292.05 and its 200-day simple moving average is $310.02. 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 52 week low of $256.89 and a 52 week high of $358.88. The firm has a market cap of $77.77 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 0.84 and a beta of 0.46.

Cigna Group (NYSE:CI) last released its earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping 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 firm had revenue of $67.13 billion during the quarter, compared to analyst estimates of $62.61 billion. During the same quarter in the previous year, the business earned $6.72 EPS. The business’s 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 expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group’s dividend payout ratio is currently 32.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Cigna Group from $341.00 to $340.00 and set an “equal weight” rating for the company in a research report on Thursday, August 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $371.00 price objective on shares of Cigna Group in a report on Thursday, June 26th. Wall Street Zen raised Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Robert W. Baird set a $372.00 target price on Cigna Group in a research report on Thursday, August 14th. Finally, Truist Financial set a $375.00 price target on Cigna Group in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Cigna Group has an average rating of “Buy” and a consensus price target of $371.81.

Insider Activity

In related news, insider Nicole S. Jones sold 28,526 shares of the business’s stock in a transaction on Friday, August 15th. The shares were 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 approximately $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

About Cigna Group

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.