Chesley Taft & Associates LLC Acquires 161 Shares of Cigna Group $CI

Chesley Taft & Associates LLC raised its holdings in shares of Cigna Group (NYSE:CI) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,406 shares of the health services provider’s stock after acquiring an additional 161 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Cigna Group were worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Flaharty Asset Management LLC bought a new stake in Cigna Group during the 1st quarter worth approximately $28,000. 1248 Management LLC bought a new position in shares of Cigna Group in the first quarter worth $29,000. Activest Wealth Management raised its position in shares of Cigna Group by 360.0% in the first quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after buying an additional 72 shares in the last quarter. Retirement Wealth Solutions LLC boosted its stake 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 valued at $33,000 after buying an additional 43 shares during the period. Finally, Saudi Central Bank purchased a new position in Cigna Group during the first quarter worth about $36,000. 86.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CI. Wall Street Zen raised Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada restated an “outperform” rating and set a $371.00 price objective on shares of Cigna Group in a research report on Thursday, June 26th. 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. Barclays increased their target price on Cigna Group from $354.00 to $383.00 and gave the company an “overweight” rating in a research note on Thursday, September 4th. Finally, 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 report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Cigna Group presently has an average rating of “Buy” and an average price target of $371.81.

Cigna Group Stock Performance

Shares of NYSE CI opened at $293.88 on Wednesday. The company has a market cap of $78.45 billion, a PE ratio of 16.04, a PEG ratio of 0.87 and a beta of 0.48. The firm’s 50-day moving average price is $294.79 and its 200-day moving average price is $311.90. Cigna Group has a 52-week low of $256.89 and a 52-week high of $366.91. 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 earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping analysts’ consensus estimates of $7.15 by $0.05. The business had revenue of $67.13 billion during the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 4th. Cigna Group’s dividend payout ratio (DPR) is currently 32.97%.

Insiders Place Their Bets

In related news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction on 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 transaction, the insider directly owned 25,648 shares in the company, valued at approximately $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Cigna Group Profile

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.