Cigna Group $CI Shares Sold by Country Club Bank

Country Club Bank trimmed its stake in shares of Cigna Group (NYSE:CI) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,329 shares of the health services provider’s stock after selling 106 shares during the quarter. Country Club Bank’s holdings in Cigna Group were worth $5,655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CI. Flaharty Asset Management LLC acquired a new position in Cigna Group during the 1st quarter worth $28,000. 1248 Management LLC acquired a new position in Cigna Group during the 1st quarter worth $29,000. Activest Wealth Management grew its stake in Cigna Group by 360.0% during the 1st 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. Retirement Wealth Solutions LLC grew its stake in Cigna Group by 74.1% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock worth $33,000 after purchasing an additional 43 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in Cigna Group during the 1st quarter worth $36,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CI. Weiss Ratings reissued a “hold (c+)” rating on shares of Cigna Group in a research note on Saturday, September 27th. Truist Financial set a $375.00 price objective on Cigna Group in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft set a $415.00 price objective on Cigna Group and gave the stock a “buy” rating in a research report on Tuesday, August 5th. TD Cowen raised Cigna Group to a “strong-buy” rating in a research report on Monday, June 23rd. Finally, Wall Street Zen cut Cigna Group from a “buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.81.

Insider Buying and Selling

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was 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 of the company’s stock, valued at $7,694,400. This represents a 52.66% decrease in their position. 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 Down 2.5%

CI opened at $303.30 on Tuesday. The business has a 50 day moving average price of $292.64 and a two-hundred day moving average price of $309.56. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. The company has a market cap of $80.96 billion, a PE ratio of 16.56, a P/E/G ratio of 0.91 and a beta of 0.45. Cigna Group has a 52 week low of $256.89 and a 52 week high of $358.88.

Cigna Group (NYSE:CI) last posted its quarterly earnings data 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. The firm had revenue of $67.13 billion during the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, research analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.04 annualized dividend and a yield of 2.0%. Cigna Group’s dividend payout ratio is currently 32.97%.

Cigna Group 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.