Trust Co. of Oklahoma Buys 56 Shares of Cigna Group $CI

Trust Co. of Oklahoma grew its stake in Cigna Group (NYSE:CI) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 4,754 shares of the health services provider’s stock after purchasing an additional 56 shares during the period. Trust Co. of Oklahoma’s holdings in Cigna Group were worth $1,572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Flaharty Asset Management LLC purchased a new position in shares of Cigna Group during the first quarter valued at about $28,000. 1248 Management LLC bought a new stake in Cigna Group during the 1st quarter valued at approximately $29,000. Activest Wealth Management grew its holdings in shares of Cigna Group by 360.0% during the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after acquiring an additional 72 shares during the period. Retirement Wealth Solutions LLC raised its position in shares of Cigna Group by 74.1% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock worth $33,000 after acquiring an additional 43 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new position in shares of Cigna Group in the 4th quarter valued at approximately $36,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the company’s 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 of the company’s stock, valued at $7,694,400. This represents a 52.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Cigna Group Stock Down 1.0%

Shares of Cigna Group stock opened at $302.71 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $80.80 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.90 and a beta of 0.48. Cigna Group has a 52-week low of $256.89 and a 52-week high of $370.83. The company has a 50-day simple moving average of $295.47 and a two-hundred day simple moving average of $312.04.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, beating analysts’ consensus estimates of $7.15 by $0.05. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The firm had revenue of $67.13 billion for the quarter, compared to analysts’ expectations of $62.61 billion. During the same quarter in the prior year, the company posted $6.72 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.0%. Cigna Group’s dividend payout ratio (DPR) is presently 32.97%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CI. TD Cowen upgraded Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Truist Financial set a $375.00 price target on shares of Cigna Group in a research note on Tuesday, September 2nd. Robert W. Baird set a $372.00 price target on shares of Cigna Group in a research report on Thursday, August 14th. Barclays upped their price objective on shares of Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a report on Thursday, September 4th. Finally, Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cigna Group presently has a consensus rating of “Buy” and an average target price of $374.76.

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.