Sentry Investment Management LLC Has $261,000 Holdings in Cigna Group $CI

Sentry Investment Management LLC reduced its holdings in Cigna Group (NYSE:CI) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 837 shares of the health services provider’s stock after selling 55 shares during the quarter. Sentry Investment Management LLC’s holdings in Cigna Group were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CI. Brighton Jones LLC boosted its holdings in shares of Cigna Group by 9.3% in the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock worth $1,032,000 after acquiring an additional 318 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Cigna Group by 79.0% during the 1st quarter. GAMMA Investing LLC now owns 5,394 shares of the health services provider’s stock worth $1,775,000 after buying an additional 2,381 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in Cigna Group by 17.8% during the 1st quarter. CWA Asset Management Group LLC now owns 932 shares of the health services provider’s stock worth $306,000 after buying an additional 141 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Cigna Group by 2.9% during the 1st quarter. Avior Wealth Management LLC now owns 1,556 shares of the health services provider’s stock worth $512,000 after buying an additional 44 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in Cigna Group during the 1st quarter worth $90,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. TD Cowen raised Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $371.00 price objective on shares of Cigna Group in a report on Thursday, June 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $365.00 price objective on shares of Cigna Group in a report on Tuesday, August 26th. Wells Fargo & Company upped their price objective on Cigna Group from $340.00 to $354.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Barclays upped their price objective on Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $369.89.

Cigna Group Stock Performance

CI stock opened at $299.81 on Monday. The business’s fifty day moving average is $297.27 and its 200-day moving average is $307.91. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. The company has a market cap of $80.03 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.88 and a beta of 0.45. Cigna Group has a twelve month low of $256.89 and a twelve month high of $353.55.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.15 by $0.05. The company had revenue of $67.13 billion for 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 firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities research analysts forecast that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

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

Insiders Place Their Bets

In related news, insider Brian C. Evanko sold 5,368 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $300.00, for a total value of $1,610,400.00. Following the completion of the sale, the insider owned 51,182 shares in the company, valued at $15,354,600. This represents a 9.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole S. Jones sold 28,526 shares of the company’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 completion of the sale, the insider owned 25,648 shares of the company’s stock, valued at approximately $7,694,400. This represents a 52.66% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

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.