SOA Wealth Advisors LLC. Sells 67 Shares of Cigna Group $CI

SOA Wealth Advisors LLC. reduced its position in Cigna Group (NYSE:CI) by 11.3% during the second quarter, HoldingsChannel reports. The firm owned 528 shares of the health services provider’s stock after selling 67 shares during the period. SOA Wealth Advisors LLC.’s holdings in Cigna Group were worth $175,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CI. Brighton Jones LLC lifted its position in shares of Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after acquiring an additional 318 shares during the period. Wellington Management Group LLP lifted its position in shares of Cigna Group by 11.1% during the 4th quarter. Wellington Management Group LLP now owns 16,869 shares of the health services provider’s stock valued at $4,658,000 after acquiring an additional 1,689 shares during the period. NBC Securities Inc. acquired a new position in shares of Cigna Group during the 1st quarter valued at $123,000. Merit Financial Group LLC lifted its position in shares of Cigna Group by 135.7% during the 1st quarter. Merit Financial Group LLC now owns 5,498 shares of the health services provider’s stock valued at $1,809,000 after acquiring an additional 3,165 shares during the period. Finally, RFG Advisory LLC acquired a new position in shares of Cigna Group during the 1st quarter valued at $233,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Cigna Group Price Performance

CI opened at $296.95 on Friday. The firm has a market cap of $79.27 billion, a P/E ratio of 16.21, a PEG ratio of 0.85 and a beta of 0.45. The firm has a 50-day moving average of $292.12 and a 200 day moving average of $309.88. 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 has a fifty-two week low of $256.89 and a fifty-two week high of $358.88.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.15 by $0.05. The company had revenue of $67.13 billion during the quarter, compared to analyst estimates 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 for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, research analysts expect 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, September 18th. Investors of record on Thursday, September 4th were given a dividend of $1.51 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.04 annualized dividend and a yield of 2.0%. Cigna Group’s dividend payout ratio is presently 32.97%.

Analysts Set New Price Targets

Several research analysts have weighed in on CI shares. Cantor Fitzgerald restated an “overweight” rating and set a $365.00 price objective on shares of Cigna Group in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Truist Financial set a $375.00 price objective on shares of Cigna Group in a report on Tuesday, September 2nd. TD Cowen upgraded shares of Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $415.00 price objective on shares of Cigna Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. Two equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $371.81.

Insiders Place Their Bets

In other Cigna Group 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 transaction of $8,557,800.00. Following the completion of the transaction, the insider owned 25,648 shares in the company, valued at $7,694,400. This trade represents a 52.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.