Cigna Group $CI Stock Position Trimmed by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR decreased its position in Cigna Group (NYSE:CI) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,209 shares of the health services provider’s stock after selling 2,898 shares during the period. Generali Asset Management SPA SGR’s holdings in Cigna Group were worth $7,266,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Cigna Group by 119.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in Cigna Group during the 1st quarter worth $28,000. Solstein Capital LLC bought a new position in shares of Cigna Group in the second quarter worth $29,000. Chilton Capital Management LLC acquired a new position in shares of Cigna Group during the second quarter valued at $30,000. Finally, Princeton Global Asset Management LLC raised its stake in shares of Cigna Group by 115.6% during the second quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock valued at $32,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Activity at Cigna Group

In related news, CEO David Cordani purchased 4,134 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 157,935 shares of the company’s stock, valued at $38,201,317.80. This trade represents a 2.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CI. Sanford C. Bernstein decreased their target price on shares of Cigna Group from $346.00 to $294.00 and set a “market perform” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cigna Group in a research note on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $355.00 price objective on shares of Cigna Group in a report on Friday, October 31st. Cantor Fitzgerald dropped their target price on Cigna Group from $365.00 to $325.00 in a report on Friday, October 31st. Finally, Cowen set a $333.00 target price on Cigna Group in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cigna Group currently has an average rating of “Moderate Buy” and a consensus target price of $331.83.

Cigna Group Stock Up 1.4%

NYSE CI opened at $278.95 on Friday. Cigna Group has a 12 month low of $239.51 and a 12 month high of $350.00. The company has a market capitalization of $74.52 billion, a P/E ratio of 12.30, a PEG ratio of 0.97 and a beta of 0.26. The company’s 50 day simple moving average is $272.29 and its 200 day simple moving average is $290.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.76 and a quick ratio of 0.76.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, October 30th. The health services provider reported $7.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.64 by $0.19. The firm had revenue of $69.57 billion for the quarter, compared to analyst estimates of $66.40 billion. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.51 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities research analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

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

Cigna Group Company Profile

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.