Moloney Securities Asset Management LLC Sells 72 Shares of Cigna Group $CI

Moloney Securities Asset Management LLC decreased its holdings in shares of Cigna Group (NYSE:CI) by 8.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 740 shares of the health services provider’s stock after selling 72 shares during the period. Moloney Securities Asset Management LLC’s holdings in Cigna Group were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in shares of Cigna Group in the first quarter valued at about $28,000. 1248 Management LLC acquired a new stake in Cigna Group in the 1st quarter worth about $29,000. Activest Wealth Management boosted its holdings in Cigna Group by 360.0% in the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock valued at $30,000 after purchasing an additional 72 shares during the period. Princeton Global Asset Management LLC grew its position in shares of Cigna Group by 115.6% during the 2nd quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock worth $32,000 after purchasing an additional 52 shares in the last quarter. Finally, Retirement Wealth Solutions LLC grew its position in Cigna Group by 74.1% during the second quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock worth $33,000 after buying an additional 43 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cigna Group

In other Cigna Group news, insider Brian C. Evanko sold 5,368 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $300.00, for a total transaction of $1,610,400.00. Following the completion of the sale, the insider owned 51,182 shares in the company, valued at approximately $15,354,600. The trade was a 9.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole S. Jones sold 28,526 shares of the company’s stock in a transaction dated 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 owned 25,648 shares in the company, valued at $7,694,400. This represents a 52.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CI shares. Deutsche Bank Aktiengesellschaft set a $415.00 price target on Cigna Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Guggenheim restated a “buy” rating and set a $350.00 price objective (down previously from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $365.00 target price on shares of Cigna Group in a research report on Tuesday, August 26th. Finally, Truist Financial set a $375.00 price target on Cigna Group in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and a consensus price target of $369.89.

Cigna Group Stock Performance

Shares of CI stock opened at $301.84 on Friday. The stock has a market capitalization of $80.57 billion, a PE ratio of 16.48, a PEG ratio of 0.88 and a beta of 0.45. The business’s 50 day simple moving average is $299.22 and its 200 day simple moving average is $307.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. Cigna Group has a one year low of $256.89 and a one year high of $350.00.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share (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 firm had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. During the same quarter in the previous year, the company earned $6.72 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, research analysts forecast that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, December 4th. Cigna Group’s payout ratio is presently 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.