Cigna Group $CI Holdings Lifted by Running Oak Capital LLC

Running Oak Capital LLC boosted its holdings in shares of Cigna Group (NYSE:CI) by 3.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 50,508 shares of the health services provider’s stock after buying an additional 1,859 shares during the period. Cigna Group makes up approximately 1.9% of Running Oak Capital LLC’s investment portfolio, making the stock its 26th largest position. Running Oak Capital LLC’s holdings in Cigna Group were worth $16,697,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Cigna Group by 9.3% in the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock worth $1,032,000 after purchasing an additional 318 shares in the last quarter. NBC Securities Inc. acquired a new position in Cigna Group in the 1st quarter valued at approximately $123,000. RFG Advisory LLC purchased a new stake in Cigna Group in the 1st quarter worth approximately $233,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Cigna Group by 13.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,212 shares of the health services provider’s stock valued at $399,000 after buying an additional 144 shares during the period. Finally, Procyon Advisors LLC purchased a new position in shares of Cigna Group during the 1st quarter valued at $1,131,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Cigna Group Stock Up 4.8%

Shares of CI stock opened at $311.24 on Monday. The stock’s 50 day simple moving average is $292.41 and its 200 day simple moving average is $309.65. Cigna Group has a twelve month low of $256.89 and a twelve month 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 company has a market capitalization of $83.08 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.91 and a beta of 0.45.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, beating the consensus estimate of $7.15 by $0.05. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The company had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. During the same quarter last year, the company posted $6.72 earnings per share. The company’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. As a group, research analysts predict that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, September 4th. Cigna Group’s dividend payout ratio (DPR) is 32.97%.

Analyst Upgrades and Downgrades

CI has been the subject of several recent research reports. TD Cowen upgraded Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Robert W. Baird set a $372.00 price target on Cigna Group in a research note on Thursday, August 14th. Guggenheim reiterated a “buy” rating and set a $350.00 price target (down from $388.00) on shares of Cigna Group in a report on Monday, August 4th. Wall Street Zen downgraded Cigna Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Truist Financial set a $375.00 target price on shares of Cigna Group in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Cigna Group has an average rating of “Moderate Buy” and a consensus target price of $371.81.

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.