Cigna Group $CI Shares Acquired by Blair William & Co. IL

Blair William & Co. IL increased its position in shares of Cigna Group (NYSE:CI) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,581 shares of the health services provider’s stock after purchasing an additional 2,687 shares during the quarter. Blair William & Co. IL’s holdings in Cigna Group were worth $13,746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in Cigna Group by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,056,806 shares of the health services provider’s stock worth $3,966,690,000 after purchasing an additional 1,094,327 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Cigna Group by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,654,993 shares of the health services provider’s stock worth $3,834,493,000 after purchasing an additional 98,715 shares during the last quarter. Dodge & Cox raised its holdings in Cigna Group by 1.3% during the first quarter. Dodge & Cox now owns 8,889,733 shares of the health services provider’s stock worth $2,924,722,000 after purchasing an additional 117,125 shares during the last quarter. GQG Partners LLC raised its holdings in Cigna Group by 21.5% during the first quarter. GQG Partners LLC now owns 4,886,674 shares of the health services provider’s stock worth $1,607,716,000 after purchasing an additional 865,092 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Cigna Group by 86,071.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,475,282 shares of the health services provider’s stock worth $1,148,859,000 after purchasing an additional 3,471,249 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction on Friday, August 15th. The stock was sold at an average price of $300.00, for a total value 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. The trade was a 52.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian C. Evanko sold 5,368 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 51,182 shares of the company’s stock, valued at approximately $15,354,600. This trade represents a 9.49% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Cigna Group Price Performance

Shares of NYSE:CI opened at $301.00 on Friday. The company has a market cap of $80.35 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.90 and a beta of 0.45. 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 business has a fifty day simple moving average of $294.68 and a 200-day simple moving average of $309.31.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.72 earnings per share. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird set a $372.00 price objective on Cigna Group in a report on Thursday, August 14th. Guggenheim reissued a “buy” rating and issued a $350.00 price target (down from $388.00) on shares of Cigna Group in a report on Monday, August 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $371.00 price target on shares of Cigna Group in a report on Thursday, June 26th. Cantor Fitzgerald reissued an “overweight” rating and issued a $365.00 price target on shares of Cigna Group in a report on Tuesday, August 26th. Finally, TD Cowen raised Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Cigna Group has a consensus rating of “Moderate Buy” and a consensus target price of $372.69.

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.