Trinity Street Asset Management LLP Purchases 3,296 Shares of Cigna Group $CI

Trinity Street Asset Management LLP grew its position in shares of Cigna Group (NYSE:CI) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,181 shares of the health services provider’s stock after acquiring an additional 3,296 shares during the period. Cigna Group comprises 1.6% of Trinity Street Asset Management LLP’s portfolio, making the stock its 16th largest position. Trinity Street Asset Management LLP’s holdings in Cigna Group were worth $22,824,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Cigna Group by 5.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 60,347 shares of the health services provider’s stock worth $17,395,000 after buying an additional 3,243 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Cigna Group in the third quarter valued at $206,000. Conning Inc. increased its position in Cigna Group by 5,375.3% during the 3rd quarter. Conning Inc. now owns 104,468 shares of the health services provider’s stock valued at $30,113,000 after purchasing an additional 102,560 shares during the period. Procyon Advisors LLC raised its holdings in Cigna Group by 41.3% in the 3rd quarter. Procyon Advisors LLC now owns 4,140 shares of the health services provider’s stock worth $1,193,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its position in shares of Cigna Group by 25.9% in the 3rd quarter. Ashton Thomas Securities LLC now owns 3,657 shares of the health services provider’s stock worth $1,054,000 after purchasing an additional 753 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cigna Group news, CEO David Cordani bought 4,134 shares of Cigna Group stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $241.88 per share, with a total value of $999,931.92. Following the acquisition, the chief executive officer owned 157,935 shares in the company, valued at approximately $38,201,317.80. This trade represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

CI has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $310.00 price target on shares of Cigna Group in a research report on Monday, November 3rd. JPMorgan Chase & Co. reduced their target price on Cigna Group from $428.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, November 4th. Robert W. Baird lowered their target price on Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Wells Fargo & Company dropped their price target on Cigna Group from $354.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, Cowen set a $333.00 price objective on Cigna Group in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $330.48.

Cigna Group Trading Up 2.5%

NYSE CI opened at $277.82 on Friday. Cigna Group has a 12 month low of $239.51 and a 12 month high of $350.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock’s fifty day moving average price is $273.48 and its 200-day moving average price is $287.81. The stock has a market cap of $74.21 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.95 and a beta of 0.26.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 EPS for the quarter, beating the consensus estimate of $7.64 by $0.19. The company had revenue of $69.57 billion for the quarter, compared to the consensus estimate of $66.40 billion. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. Cigna Group’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $7.51 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities analysts forecast that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $1.51 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $6.04 annualized dividend and a yield of 2.2%. Cigna Group’s dividend payout ratio is 26.64%.

Cigna Group Company Profile

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.