Trust Co. of Vermont Lowers Position in Cigna Group $CI

Trust Co. of Vermont trimmed its stake in Cigna Group (NYSE:CI) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,956 shares of the health services provider’s stock after selling 91 shares during the quarter. Trust Co. of Vermont’s holdings in Cigna Group were worth $5,605,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CI. Brighton Jones LLC grew its holdings in Cigna Group by 9.3% in the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after purchasing an additional 318 shares during the period. Wellington Management Group LLP grew its holdings in Cigna Group by 11.1% in 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 purchasing an additional 1,689 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in Cigna Group by 2.3% in 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 purchasing an additional 36 shares during the period. NBC Securities Inc. purchased a new stake in Cigna Group in the first quarter valued at approximately $123,000. Finally, Fragasso Financial Advisors Inc grew its holdings in Cigna Group by 8.1% in the first quarter. Fragasso Financial Advisors Inc now owns 1,168 shares of the health services provider’s stock valued at $384,000 after purchasing an additional 88 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CI. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. 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. Truist Financial set a $375.00 price target on shares of Cigna Group in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $371.00 price target on shares of Cigna Group in a research report on Thursday, June 26th. Finally, Robert W. Baird set a $372.00 price target on shares of Cigna Group in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $371.81.

Cigna Group Trading Up 0.5%

NYSE CI opened at $288.20 on Wednesday. The company’s fifty day simple moving average is $292.31 and its 200-day simple moving average is $310.15. Cigna Group has a 52 week low of $256.89 and a 52 week high of $358.88. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock has a market cap of $76.93 billion, a P/E ratio of 15.73, a PEG ratio of 0.84 and a beta of 0.48.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping 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 business had revenue of $67.13 billion for the quarter, compared to analysts’ expectations of $62.61 billion. During the same period in the previous year, the company posted $6.72 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities research analysts predict that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Announces Dividend

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

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 25,648 shares of the company’s stock, valued at approximately $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

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.