Cigna Group $CI Shares Sold by Avanza Fonder AB

Key Points

• Avanza Fonder AB has reduced its holdings in Cigna Group (NYSE:CI) by 5.6%, owning 18,334 shares worth approximately $6.06 million after selling 1,091 shares in the second quarter.
• Cigna Group reported $7.20 earnings per share for the last quarter, exceeding estimates of $7.15 and reflected an 11% year-over-year revenue increase to $67.13 billion.
• The company declared a quarterly dividend of $1.51, representing an annualized yield of 2.1%, with a dividend payout ratio of approximately 33%.

Avanza Fonder AB reduced its position in shares of Cigna Group (NYSE:CI - Free Report) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,334 shares of the health services provider's stock after selling 1,091 shares during the quarter. Avanza Fonder AB's holdings in Cigna Group were worth $6,061,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC grew 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. Focus Partners Advisor Solutions LLC grew its holdings in Cigna Group by 15.7% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,940 shares of the health services provider's stock valued at $812,000 after purchasing an additional 399 shares during the period. Vise Technologies Inc. increased its position in Cigna Group by 66.3% in the fourth quarter. Vise Technologies Inc. now owns 4,019 shares of the health services provider's stock worth $1,110,000 after buying an additional 1,603 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Cigna Group in the fourth quarter worth about $1,992,000. Finally, Forum Financial Management LP lifted its position in shares of Cigna Group by 3.8% during the 4th quarter. Forum Financial Management LP now owns 4,652 shares of the health services provider's stock valued at $1,285,000 after buying an additional 170 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CI. Cantor Fitzgerald reiterated an "overweight" rating and issued a $365.00 price target on shares of Cigna Group in a research note on Tuesday, August 26th. Robert W. Baird set a $372.00 target price on shares of Cigna Group in a report on Thursday, August 14th. TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $371.00 target price on shares of Cigna Group in a report on Thursday, June 26th. Finally, Truist Financial set a $375.00 price target on Cigna Group in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $371.81.

Insider Transactions at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $300.00, for a total value of $8,557,800.00. Following the completion of the transaction, the insider directly owned 25,648 shares of the company's stock, valued at approximately $7,694,400. The trade was a 52.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company's stock.

Cigna Group Trading Down 1.2%

CI traded down $3.60 during trading on Friday, hitting $290.16. 2,573,913 shares of the stock were exchanged, compared to its average volume of 1,401,087. Cigna Group has a 1 year low of $256.89 and a 1 year high of $358.91. The firm has a market cap of $77.45 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 0.85 and a beta of 0.48. The firm has a 50 day simple moving average of $293.99 and a 200 day simple moving average of $311.53. 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 (NYSE:CI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities analysts expect that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $1.51 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a yield of 2.1%. Cigna Group's dividend payout ratio is currently 32.97%.

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.