Exchange Traded Concepts LLC Boosts Stake in Cigna Group $CI

Exchange Traded Concepts LLC boosted its stake in Cigna Group (NYSE:CI) by 1.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,468 shares of the health services provider’s stock after buying an additional 51 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Cigna Group were worth $1,146,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Flaharty Asset Management LLC acquired a new stake in shares of Cigna Group during the first quarter worth $28,000. 1248 Management LLC purchased a new position in Cigna Group in the first quarter valued at about $29,000. Activest Wealth Management raised its position in Cigna Group by 360.0% in the first 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. Retirement Wealth Solutions LLC grew its stake in shares of Cigna Group by 74.1% during the second quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new position in Cigna Group in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Robert W. Baird set a $372.00 target price on Cigna Group in a report on Thursday, August 14th. Truist Financial set a $375.00 target price on Cigna Group in a research report on Tuesday, September 2nd. Wells Fargo & Company cut their price objective on Cigna Group from $341.00 to $340.00 and set an “equal weight” rating for the company in a research report on Thursday, August 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $365.00 target price on shares of Cigna Group in a research note on Tuesday, August 26th. Finally, Barclays upped their price target on shares of Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $371.81.

Cigna Group Trading Down 0.5%

Shares of NYSE:CI opened at $288.97 on Tuesday. The company has a market cap of $77.13 billion, a P/E ratio of 15.77, a P/E/G ratio of 0.85 and a beta of 0.48. The stock’s 50-day moving average is $293.71 and its 200-day moving average is $311.30. Cigna Group has a 52-week low of $256.89 and a 52-week high of $358.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71.

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, beating the consensus estimate of $7.15 by $0.05. The company had revenue of $67.13 billion for 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 last year, the business posted $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities research analysts predict that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 4th. Cigna Group’s dividend payout ratio (DPR) is presently 32.97%.

Insider Buying and Selling at Cigna Group

In related news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $300.00, for a total value of $8,557,800.00. Following the completion of the sale, the insider owned 25,648 shares in the company, valued at approximately $7,694,400. This trade represents a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

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.