Cigna Group $CI Shares Purchased by Norinchukin Bank The

Norinchukin Bank The raised its position in shares of Cigna Group (NYSE:CI) by 14.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,259 shares of the health services provider’s stock after purchasing an additional 1,969 shares during the period. Norinchukin Bank The’s holdings in Cigna Group were worth $5,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CI. Putney Financial Group LLC acquired a new position in Cigna Group during the 4th quarter valued at about $36,000. Evermay Wealth Management LLC lifted its stake in shares of Cigna Group by 58.6% in the 1st quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider’s stock worth $37,000 after acquiring an additional 41 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of Cigna Group in the 1st quarter worth approximately $38,000. Wayfinding Financial LLC acquired a new stake in shares of Cigna Group in the 1st quarter worth approximately $40,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Cigna Group in the 4th quarter worth approximately $44,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Cigna Group Stock Performance

Shares of CI opened at $301.0120 on Friday. The company’s fifty day moving average is $301.16 and its 200-day moving average is $311.31. Cigna Group has a 12 month low of $256.89 and a 12 month high of $370.83. The firm has a market cap of $80.35 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 0.89 and a beta of 0.47. 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 announced its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping the consensus estimate of $7.15 by $0.05. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The company had revenue of $67.13 billion for the quarter, compared to analyst estimates of $62.61 billion. During the same quarter in the prior year, the business posted $6.72 EPS. Cigna Group’s quarterly revenue was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 4th. Cigna Group’s dividend payout ratio is currently 32.97%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CI shares. Piper Sandler upped their price target on shares of Cigna Group from $348.00 to $374.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Guggenheim reaffirmed a “buy” rating and issued a $350.00 price target (down from $388.00) on shares of Cigna Group in a research note on Monday, August 4th. Cowen reaffirmed a “buy” rating on shares of Cigna Group in a research note on Monday, May 5th. Wall Street Zen lowered shares of Cigna Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $415.00 price target on shares of Cigna Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $374.82.

Cigna Group Company 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.