Railway Pension Investments Ltd Acquires New Holdings in Cigna Group $CI

Railway Pension Investments Ltd acquired a new position in shares of Cigna Group (NYSE:CI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 59,200 shares of the health services provider’s stock, valued at approximately $19,570,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new position in shares of Cigna Group in the first quarter valued at approximately $28,000. 1248 Management LLC acquired a new position in Cigna Group in the first quarter valued at $29,000. Solstein Capital LLC purchased a new stake in shares of Cigna Group during the 2nd quarter worth about $29,000. Activest Wealth Management increased its position in shares of Cigna Group by 360.0% in the first quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after acquiring an additional 72 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new stake in Cigna Group in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CI shares. Wells Fargo & Company reduced their price target on Cigna Group from $354.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research lowered shares of Cigna Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. The Goldman Sachs Group dropped their price target on shares of Cigna Group from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Finally, Cowen reissued a “buy” rating on shares of Cigna Group in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $334.05.

Cigna Group Stock Down 0.4%

NYSE:CI opened at $277.28 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $74.07 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.88 and a beta of 0.44. Cigna Group has a one year low of $239.51 and a one year high of $350.00. The stock has a 50-day simple moving average of $284.99 and a 200 day simple moving average of $297.30.

Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 30th. The health services provider reported $7.83 EPS for the quarter, topping analysts’ consensus estimates of $7.64 by $0.19. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The company had revenue of $69.57 billion for the quarter, compared to the consensus estimate of $66.40 billion. During the same quarter last year, the business posted $7.51 EPS. Cigna Group’s quarterly revenue was up 9.5% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts predict that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 4th. Cigna Group’s dividend payout ratio is currently 26.64%.

Insider Activity at Cigna Group

In other news, insider Brian C. Evanko sold 5,368 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $15,354,600. This represents a 9.49% 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, CEO David Cordani purchased 4,134 shares of Cigna Group stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of $241.88 per share, with a total value of $999,931.92. Following the acquisition, the chief executive officer owned 157,935 shares of the company’s stock, valued at approximately $38,201,317.80. This trade represents a 2.69% increase in their position. The SEC filing for this purchase provides additional information. 0.70% of the stock is currently 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.