Means Investment CO. Inc. Has $282,000 Position in Cigna Group $CI

Means Investment CO. Inc. cut its stake in shares of Cigna Group (NYSE:CI) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 852 shares of the health services provider’s stock after selling 56 shares during the quarter. Means Investment CO. Inc.’s holdings in Cigna Group were worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares 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 raised its position in shares of Cigna Group by 360.0% in 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 raised its position in shares of Cigna Group by 74.1% in 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 bought a new position in shares of Cigna Group in the 1st quarter worth about $36,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Brian C. Evanko sold 5,368 shares of Cigna Group stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $300.00, for a total transaction of $1,610,400.00. Following the completion of the transaction, the insider owned 51,182 shares in the company, valued at approximately $15,354,600. The trade was a 9.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $300.00, for a total value of $8,557,800.00. Following the transaction, the insider owned 25,648 shares of the company’s stock, valued at $7,694,400. This trade represents a 52.66% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $350.00 price objective (down from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Barclays lifted their price objective on Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a research report on Thursday, September 4th. Wells Fargo & Company lifted their price objective on Cigna Group from $340.00 to $354.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $415.00 price objective on Cigna Group and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird set a $372.00 target price on Cigna Group in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cigna Group has an average rating of “Moderate Buy” and a consensus target price of $372.69.

Cigna Group Stock Performance

Shares of Cigna Group stock opened at $301.00 on Friday. Cigna Group has a one year low of $256.89 and a one year high of $358.88. The firm has a market capitalization of $80.35 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.88 and a beta of 0.45. The business has a 50-day simple moving average of $294.68 and a 200 day simple moving average of $309.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71.

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

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $1.51 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.04 dividend on an annualized basis 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.