Stack Financial Management Inc Sells 1,324 Shares of Cigna Group $CI

Stack Financial Management Inc cut its stake in shares of Cigna Group (NYSE:CI) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,127 shares of the health services provider’s stock after selling 1,324 shares during the quarter. Cigna Group accounts for about 2.1% of Stack Financial Management Inc’s holdings, making the stock its 16th biggest holding. Stack Financial Management Inc’s holdings in Cigna Group were worth $24,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CI. Brighton Jones LLC lifted its position in Cigna Group by 9.3% during 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. GAMMA Investing LLC lifted its position in Cigna Group by 79.0% during the first quarter. GAMMA Investing LLC now owns 5,394 shares of the health services provider’s stock valued at $1,775,000 after purchasing an additional 2,381 shares during the last quarter. CVA Family Office LLC lifted its position in Cigna Group by 6.1% during the first quarter. CVA Family Office LLC now owns 1,416 shares of the health services provider’s stock valued at $466,000 after purchasing an additional 82 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Cigna Group during the first quarter valued at approximately $138,000. Finally, Everpar Advisors LLC lifted its position in Cigna Group by 12.4% during the first quarter. Everpar Advisors LLC now owns 917 shares of the health services provider’s stock valued at $302,000 after purchasing an additional 101 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Stock Down 1.7%

Shares of NYSE CI opened at $301.00 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. Cigna Group has a 52 week low of $256.89 and a 52 week high of $358.88. The firm’s fifty day moving average is $294.68 and its 200 day moving average is $309.12. The company has a market cap of $80.35 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.88 and a beta of 0.45.

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

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group’s payout ratio is presently 32.97%.

Analyst Upgrades and Downgrades

CI has been the topic of several research reports. Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Barclays lifted their price target on shares of Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Robert W. Baird set a $372.00 price target on shares of Cigna Group in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $415.00 price target on shares of Cigna Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Truist Financial set a $375.00 price target on shares of Cigna Group in a research note on Tuesday, September 2nd. Two research 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.69.

Insider Buying and Selling at Cigna Group

In other Cigna Group 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 directly owned 25,648 shares of the company’s stock, valued at approximately $7,694,400. The trade was a 52.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Evanko sold 5,368 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $300.00, for a total transaction of $1,610,400.00. Following the transaction, the insider directly owned 51,182 shares in the company, valued at approximately $15,354,600. The trade was a 9.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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.