59,200 Shares in Cigna Group $CI Acquired by Railway Pension Investments Ltd

Railway Pension Investments Ltd bought a new stake in Cigna Group (NYSE:CI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,200 shares of the health services provider’s stock, valued at approximately $19,570,000.

Several other institutional investors have also modified their holdings of the stock. Flaharty Asset Management LLC acquired a new stake in Cigna Group during the first quarter worth about $28,000. 1248 Management LLC acquired a new position in Cigna Group in the 1st quarter valued at about $29,000. Solstein Capital LLC purchased a new stake in shares of Cigna Group in the 2nd quarter valued at approximately $29,000. Activest Wealth Management grew its stake in shares of 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 buying an additional 72 shares during the period. Finally, Chilton Capital Management LLC acquired a new stake in shares of Cigna Group during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

CI has been the topic of a number of recent analyst reports. Guggenheim decreased their price objective on Cigna Group from $350.00 to $309.00 in a report on Friday, October 31st. Zacks Research lowered shares of Cigna Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $355.00 price objective on shares of Cigna Group in a research note on Friday, October 31st. Robert W. Baird set a $372.00 price target on shares of Cigna Group in a report on Thursday, August 14th. Finally, Truist Financial dropped their price objective on Cigna Group from $375.00 to $310.00 in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $334.05.

Cigna Group Stock Performance

NYSE CI opened at $277.28 on Friday. The firm has a market cap of $74.07 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.88 and a beta of 0.44. Cigna Group has a 52-week low of $239.51 and a 52-week high of $350.00. The business’s 50-day moving average price is $284.99 and its 200 day moving average price is $297.30. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 earnings per share for the quarter, topping analysts’ consensus estimates of $7.64 by $0.19. The company had revenue of $69.57 billion during the quarter, compared to analysts’ expectations of $66.40 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $7.51 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, equities research analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $1.51 per share. The ex-dividend date is Thursday, December 4th. This represents a $6.04 dividend on an annualized basis and a yield of 2.2%. Cigna Group’s dividend payout ratio is presently 26.64%.

Insiders Place Their Bets

In other news, CEO David Cordani bought 4,134 shares of Cigna Group stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $241.88 per share, for a total transaction of $999,931.92. Following the purchase, the chief executive officer owned 157,935 shares of the company’s stock, valued at approximately $38,201,317.80. The trade was a 2.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian C. Evanko sold 5,368 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $300.00, for a total value of $1,610,400.00. Following the transaction, the insider owned 51,182 shares in the company, valued at $15,354,600. The trade was a 9.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is currently owned by corporate insiders.

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.