Cigna Group $CI Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in Cigna Group (NYSE:CI) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,535 shares of the health services provider’s stock after purchasing an additional 329 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cigna Group were worth $33,235,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CI. Modern Wealth Management LLC lifted its stake in shares of Cigna Group by 91.3% in the first quarter. Modern Wealth Management LLC now owns 3,130 shares of the health services provider’s stock valued at $1,030,000 after purchasing an additional 1,494 shares during the period. Janney Montgomery Scott LLC raised its holdings in Cigna Group by 3.9% during the second quarter. Janney Montgomery Scott LLC now owns 35,943 shares of the health services provider’s stock worth $11,882,000 after purchasing an additional 1,357 shares during the last quarter. Acadian Asset Management LLC grew its holdings in 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 valued at $2,718,000 after purchasing an additional 6,082 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Cigna Group during the 1st quarter worth $431,000. Finally, Pzena Investment Management LLC raised its position in Cigna Group by 9.7% during the second quarter. Pzena Investment Management LLC now owns 523,600 shares of the health services provider’s stock worth $173,092,000 after acquiring an additional 46,140 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cigna Group

In related news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction that occurred on 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 directly owned 25,648 shares in the company, valued at $7,694,400. This represents a 52.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian C. Evanko sold 5,368 shares of Cigna Group stock in a transaction on 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 sale, the insider directly owned 51,182 shares of the company’s stock, valued at $15,354,600. This represents a 9.49% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Cigna Group Trading Down 1.1%

Shares of NYSE CI opened at $301.84 on Friday. The business has a 50 day simple moving average of $299.22 and a 200 day simple moving average of $307.62. Cigna Group has a 52 week low of $256.89 and a 52 week high of $350.00. The stock has a market cap of $80.57 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.88 and a beta of 0.45. 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 (NYSE:CI) last posted 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. The company had revenue of $67.13 billion during the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, research analysts predict 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 will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 4th. Cigna Group’s dividend payout ratio is 32.97%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Cigna Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $370.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $365.00 target price on shares of Cigna Group in a research report on Tuesday, August 26th. Barclays increased their price objective on shares of Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a report on Thursday, September 4th. Wells Fargo & Company upped their target price on shares of Cigna Group from $340.00 to $354.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cigna Group in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Cigna Group has an average rating of “Moderate Buy” and a consensus target price of $369.89.

Cigna Group 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.