City Holding Co. Sells 110 Shares of Cigna Group $CI

City Holding Co. trimmed its position in shares of Cigna Group (NYSE:CI) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,807 shares of the health services provider’s stock after selling 110 shares during the period. City Holding Co.’s holdings in Cigna Group were worth $1,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CI. Brighton Jones LLC increased its position in shares of Cigna Group by 9.3% during the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after buying an additional 318 shares during the period. Wellington Management Group LLP increased its position in shares of Cigna Group by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 16,869 shares of the health services provider’s stock valued at $4,658,000 after buying an additional 1,689 shares during the period. Parallel Advisors LLC increased its position in shares of Cigna Group by 7.7% during the first quarter. Parallel Advisors LLC now owns 3,405 shares of the health services provider’s stock valued at $1,120,000 after buying an additional 242 shares during the period. Rothschild Investment LLC increased its position in shares of Cigna Group by 10.3% during the first quarter. Rothschild Investment LLC now owns 738 shares of the health services provider’s stock valued at $243,000 after buying an additional 69 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Cigna Group by 2.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,626 shares of the health services provider’s stock valued at $535,000 after buying an additional 36 shares during the period. 86.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CI has been the topic of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Cigna Group from $341.00 to $340.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $415.00 price target on shares of Cigna Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $365.00 price objective on shares of Cigna Group in a report on Tuesday, August 26th. Barclays upped their price objective 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. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $371.00 price objective on shares of Cigna Group in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $371.81.

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction that occurred 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 sale, the insider owned 25,648 shares in the company, valued at $7,694,400. This represents a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Cigna Group Price Performance

Shares of CI opened at $286.04 on Monday. The firm’s 50-day simple moving average is $292.71 and its two-hundred day simple moving average is $310.49. Cigna Group has a fifty-two week low of $256.89 and a fifty-two week high of $358.88. 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 stock has a market cap of $76.35 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.84 and a beta of 0.48.

Cigna Group (NYSE:CI) last posted its quarterly earnings results 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. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The firm had revenue of $67.13 billion for the quarter, compared to analysts’ expectations of $62.61 billion. During the same quarter in the prior year, the company posted $6.72 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $1.51 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.1%. Cigna Group’s dividend payout ratio is presently 32.97%.

Cigna Group Company 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.