1,430 Shares in Cigna Group $CI Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC bought a new position in shares of Cigna Group (NYSE:CI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,430 shares of the health services provider’s stock, valued at approximately $473,000.

A number of other hedge funds have also recently added to or reduced their stakes in CI. Flaharty Asset Management LLC acquired a new position in shares of Cigna Group during the first quarter worth approximately $28,000. 1248 Management LLC acquired a new position in shares of Cigna Group during the first quarter worth approximately $29,000. Solstein Capital LLC acquired a new position in shares of Cigna Group during the second quarter worth approximately $29,000. Activest Wealth Management raised its position in shares of Cigna Group by 360.0% during the first quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after purchasing an additional 72 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in shares of Cigna Group during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CI. Guggenheim reaffirmed a “buy” rating and set a $350.00 target price (down from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Robert W. Baird set a $372.00 price target on Cigna Group in a report on Thursday, August 14th. Wall Street Zen downgraded Cigna Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Wolfe Research decreased their price target on Cigna Group from $345.00 to $325.00 and set an “outperform” rating for the company in a report on Wednesday, October 15th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $369.89.

Cigna Group Stock Down 17.4%

CI stock opened at $247.11 on Friday. The stock’s fifty day simple moving average is $298.38 and its two-hundred day simple moving average is $306.70. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Cigna Group has a 1-year low of $245.61 and a 1-year high of $350.00. The stock has a market cap of $65.96 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.88 and a beta of 0.45.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 earnings per share for the quarter, topping the consensus estimate of $7.64 by $0.19. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The business had revenue of $69.57 billion for the quarter, compared to analysts’ expectations of $66.40 billion. During the same quarter in the previous year, the firm earned $7.51 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Analysts expect that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, December 4th. Cigna Group’s dividend payout ratio is currently 32.97%.

Insiders Place Their Bets

In related news, insider Brian C. Evanko sold 5,368 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $300.00, for a total transaction of $1,610,400.00. Following the sale, the insider owned 51,182 shares of the company’s stock, valued at approximately $15,354,600. This represents a 9.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $300.00, for a total value of $8,557,800.00. Following the sale, the insider directly owned 25,648 shares in the company, valued at $7,694,400. This trade represents a 52.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is owned by corporate insiders.

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.