West Family Investments Inc. Boosts Position in Cigna Group $CI

West Family Investments Inc. raised its holdings in shares of Cigna Group (NYSE:CI) by 38.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,586 shares of the health services provider’s stock after buying an additional 438 shares during the period. West Family Investments Inc.’s holdings in Cigna Group were worth $524,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new position in shares of Cigna Group during the 1st quarter valued at $28,000. 1248 Management LLC purchased a new position in Cigna Group in the first quarter valued at about $29,000. Solstein Capital LLC acquired a new position in shares of Cigna Group during the second quarter worth about $29,000. Activest Wealth Management lifted its stake in shares of Cigna Group by 360.0% during the first quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after purchasing an additional 72 shares in the last quarter. Finally, Chilton Capital Management LLC purchased a new stake in shares of Cigna Group in the second quarter worth about $30,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

CI has been the subject of a number of analyst reports. Cowen restated a “buy” rating on shares of Cigna Group in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Cigna Group from $415.00 to $301.00 and set a “buy” rating for the company in a report on Monday, November 3rd. UBS Group set a $294.00 target price on shares of Cigna Group in a research note on Wednesday, November 12th. Wolfe Research dropped their price objective on shares of Cigna Group from $345.00 to $325.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Cigna Group in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $334.05.

Cigna Group Trading Down 0.4%

NYSE:CI opened at $277.28 on Friday. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The stock has a market cap of $74.07 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.88 and a beta of 0.44. The business has a fifty day moving average of $284.99 and a 200-day moving average of $297.30. 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 issued its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 earnings per share for the quarter, beating analysts’ consensus estimates of $7.64 by $0.19. The business had revenue of $69.57 billion for the quarter, compared to analysts’ expectations of $66.40 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $7.51 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities analysts predict that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid 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 is Thursday, December 4th. Cigna Group’s dividend payout ratio (DPR) is currently 26.64%.

Insider Activity at Cigna Group

In related news, insider Brian C. Evanko sold 5,368 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider owned 51,182 shares of the company’s stock, valued at $15,354,600. This trade represents a 9.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Cordani purchased 4,134 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $241.88 per share, for a total transaction of $999,931.92. Following the completion of the transaction, the chief executive officer owned 157,935 shares of the company’s stock, valued at $38,201,317.80. This represents a 2.69% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.70% of the stock is owned by 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.