New York State Teachers Retirement System Sells 3,769 Shares of Cigna Group $CI

New York State Teachers Retirement System reduced its position in Cigna Group (NYSE:CI) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,444 shares of the health services provider’s stock after selling 3,769 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Cigna Group worth $60,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Cigna Group by 119.5% in the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Solstein Capital LLC acquired a new stake in shares of Cigna Group in the 2nd quarter worth about $29,000. Chilton Capital Management LLC bought a new position in Cigna Group in the 2nd quarter valued at about $30,000. Princeton Global Asset Management LLC lifted its position in Cigna Group by 115.6% in the 2nd quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock valued at $32,000 after acquiring an additional 52 shares in the last quarter. Finally, Retirement Wealth Solutions LLC boosted its stake in Cigna Group by 74.1% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Insider Buying and Selling

In other news, CEO David Cordani acquired 4,134 shares of Cigna Group stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $241.88 per share, with a total value of $999,931.92. Following the completion of 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 acquisition 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.

Cigna Group Trading Down 1.7%

Shares of Cigna Group stock opened at $279.13 on Monday. The firm has a market cap of $74.56 billion, a PE ratio of 12.31, a P/E/G ratio of 0.98 and a beta of 0.26. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a fifty day moving average price of $272.31 and a 200-day moving average price of $288.75.

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

Cigna Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on CI. TD Cowen dropped their target price on Cigna Group from $387.00 to $333.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Cowen set a $333.00 price target on Cigna Group in a research report on Monday, December 15th. Leerink Partners cut their price objective on shares of Cigna Group from $300.00 to $270.00 in a report on Friday, October 31st. UBS Group set a $294.00 target price on shares of Cigna Group in a research note on Wednesday, November 12th. Finally, Robert W. Baird dropped their price target on shares of Cigna Group from $372.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Cigna Group has an average rating of “Moderate Buy” and an average price target of $330.48.

About Cigna Group

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.