Impact Investors Inc Has $799,000 Stock Position in Cigna Group $CI

Impact Investors Inc raised its holdings in Cigna Group (NYSE:CI) by 22.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,417 shares of the health services provider’s stock after acquiring an additional 442 shares during the period. Impact Investors Inc’s holdings in Cigna Group were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its holdings in Cigna Group by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 71,903 shares of the health services provider’s stock valued at $23,770,000 after buying an additional 3,091 shares during the last quarter. Fairvoy Private Wealth LLC acquired a new stake in Cigna Group in the 2nd quarter valued at approximately $253,000. Stock Yards Bank & Trust Co. bought a new stake in shares of Cigna Group during the second quarter valued at approximately $277,000. Ascent Group LLC increased its position in shares of Cigna Group by 68.4% during the second quarter. Ascent Group LLC now owns 3,037 shares of the health services provider’s stock valued at $1,004,000 after purchasing an additional 1,234 shares during the period. Finally, Creative Capital Management Investments LLC bought a new stake in shares of Cigna Group during the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $415.00 price objective on Cigna Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Cigna Group in a research report on Saturday, September 27th. Wells Fargo & Company lowered their price objective on 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. Wall Street Zen cut Cigna Group from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Barclays boosted their price objective on Cigna Group from $354.00 to $383.00 and gave the company an “overweight” rating in a research report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $371.81.

Insider Buying and Selling

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the business’s stock in a transaction on 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 transaction, the insider 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Cigna Group Price Performance

Shares of CI stock opened at $311.24 on Friday. The stock’s fifty day simple moving average is $292.41 and its 200 day simple moving average is $309.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $83.08 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 0.87 and a beta of 0.45. Cigna Group has a one year low of $256.89 and a one year 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, topping analysts’ consensus estimates of $7.15 by $0.05. The company had revenue of $67.13 billion for the quarter, compared to analyst estimates of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $1.51 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a yield of 1.9%. Cigna Group’s payout ratio is currently 32.97%.

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.