Acadian Asset Management LLC Purchases 6,082 Shares of Cigna Group $CI

Key Points

• Acadian Asset Management LLC increased its stake in Cigna Group by 277.5% in the first quarter, bringing its holdings to 8,274 shares valued at approximately $2.72 million.
• Cigna Group reported a quarterly EPS of $7.20, surpassing estimates, and had a quarterly revenue of $67.13 billion, marking an 11.0% increase compared to the previous year.
• The company announced a quarterly dividend of $1.51 per share, translating to an annualized dividend yield of 2.0%, with the payment scheduled for September 18th.

Acadian Asset Management LLC raised its position in Cigna Group (NYSE:CI - Free Report) by 277.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,274 shares of the health services provider's stock after buying an additional 6,082 shares during the period. Acadian Asset Management LLC's holdings in Cigna Group were worth $2,718,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Two Sigma Investments LP raised its position in shares of Cigna Group by 32.6% during the 4th quarter. Two Sigma Investments LP now owns 764,900 shares of the health services provider's stock valued at $211,219,000 after buying an additional 188,235 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cigna Group during the 1st quarter valued at about $431,000. NBC Securities Inc. bought a new stake in Cigna Group during the first quarter worth about $123,000. Integrity Alliance LLC. purchased a new position in Cigna Group in the first quarter worth about $617,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Cigna Group by 18.8% during the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the health services provider's stock valued at $131,000 after purchasing an additional 63 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Cigna Group Price Performance

Shares of NYSE:CI traded down $3.60 during midday trading on Friday, hitting $290.16. 2,573,913 shares of the stock were exchanged, compared to its average volume of 1,328,766. The stock has a market cap of $77.45 billion, a P/E ratio of 15.84, a PEG ratio of 0.86 and a beta of 0.48. The company has a 50 day moving average price of $293.99 and a 200-day moving average price of $311.54. Cigna Group has a twelve month low of $256.89 and a twelve month high of $358.91. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI - Get Free Report) last released 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 return on equity of 18.80% and a net margin of 1.92%.The firm had revenue of $67.13 billion for the quarter, compared to analyst estimates of $62.61 billion. During the same period in the previous year, the company posted $6.72 EPS. Cigna Group'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, research analysts forecast that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Dividend Announcement

The firm 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. This represents a $6.04 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group's payout ratio is presently 32.97%.

Insiders Place Their Bets

In other news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $365.00 price target on shares of Cigna Group in a research report on Tuesday, August 26th. Truist Financial set a $375.00 target price on shares of Cigna Group in a research note on Tuesday, September 2nd. TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $371.00 price objective on shares of Cigna Group in a research report on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft set a $415.00 price objective on shares of Cigna Group and gave the company a "buy" rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $371.81.

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.