Valley National Advisers Inc. Lowers Stake in Cigna Group $CI

Valley National Advisers Inc. trimmed its position in Cigna Group (NYSE:CI) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 679 shares of the health services provider’s stock after selling 70 shares during the quarter. Valley National Advisers Inc.’s holdings in Cigna Group were worth $224,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Flaharty Asset Management LLC acquired a new position in Cigna Group during the first quarter valued at approximately $28,000. 1248 Management LLC purchased a new position in shares of Cigna Group in the 1st quarter valued at $29,000. Activest Wealth Management raised its stake 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 valued at $30,000 after acquiring an additional 72 shares during the period. Retirement Wealth Solutions LLC lifted its holdings in shares of Cigna Group by 74.1% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. Finally, Saudi Central Bank purchased a new stake in Cigna Group during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Cigna Group from a “buy” rating to a “hold” rating in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cigna Group in a research note on Saturday, September 27th. Barclays increased their target price 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. TD Cowen raised Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Finally, Truist Financial set a $375.00 target price on shares of Cigna Group in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Cigna Group has an average rating of “Moderate Buy” and a consensus target price of $371.81.

Cigna Group Stock Performance

Shares of CI opened at $303.30 on Tuesday. Cigna Group has a 12-month low of $256.89 and a 12-month high of $358.88. The stock has a market capitalization of $80.96 billion, a P/E ratio of 16.56, a P/E/G ratio of 0.91 and a beta of 0.45. The firm’s 50 day moving average is $292.64 and its 200-day moving average is $309.56. 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 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 analyst estimates of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.Cigna Group’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities research analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 yield of 2.0%. Cigna Group’s dividend payout ratio is presently 32.97%.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of Cigna Group 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 $7,694,400. This trade represents a 52.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

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.