Cigna Group $CI Shares Bought by Davidson Investment Advisors

Key Points

• Davidson Investment Advisors increased its stake in Cigna Group by 1.4%, owning a total of 66,080 shares valued at approximately $21.8 million.
• Analysts have a consensus rating of "Buy" for Cigna Group, with price targets ranging from $350 to $372.53, indicating confidence in the company's future performance.
• Cigna Group recently announced a quarterly dividend of $1.51, which translates to an annualized yield of 2.0% and a payout ratio of 32.97%.

Davidson Investment Advisors boosted its position in shares of Cigna Group (NYSE:CI - Free Report) by 1.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,080 shares of the health services provider's stock after acquiring an additional 884 shares during the quarter. Davidson Investment Advisors' holdings in Cigna Group were worth $21,845,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in shares of Cigna Group in the first quarter valued at approximately $28,000. 1248 Management LLC purchased a new position in Cigna Group in the 1st quarter valued at approximately $29,000. Activest Wealth Management grew its stake in shares of Cigna Group by 360.0% in the first quarter. Activest Wealth Management now owns 92 shares of the health services provider's stock worth $30,000 after acquiring an additional 72 shares in the last quarter. Retirement Wealth Solutions LLC increased its position in shares of Cigna Group by 74.1% during the second 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 during the period. Finally, Saudi Central Bank purchased a new stake in shares of Cigna Group during the first quarter worth $36,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CI has been the subject of several analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Cigna Group in a research note on Wednesday, October 8th. Guggenheim reiterated a "buy" rating and issued a $350.00 price objective (down previously from $388.00) on shares of Cigna Group in a research note on Monday, August 4th. Cantor Fitzgerald restated an "overweight" rating and set a $365.00 target price on shares of Cigna Group in a research note on Tuesday, August 26th. TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a report on Monday, June 23rd. Finally, The Goldman Sachs Group started coverage on shares of Cigna Group in a report on Tuesday. They set a "buy" rating and a $370.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $372.53.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 25,648 shares in the company, valued at approximately $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian C. Evanko sold 5,368 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $300.00, for a total transaction of $1,610,400.00. Following the transaction, the insider owned 51,182 shares in the company, valued at approximately $15,354,600. This trade represents a 9.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Cigna Group Stock Up 2.2%

CI stock opened at $301.91 on Wednesday. The stock has a market cap of $80.59 billion, a P/E ratio of 16.48, a PEG ratio of 0.87 and a beta of 0.45. 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 has a twelve month low of $256.89 and a twelve month high of $358.88. The company's 50 day moving average is $295.86 and its two-hundred day moving average is $308.87.

Cigna Group (NYSE:CI - Get Free Report) last posted its 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 the consensus estimate of $62.61 billion. During the same period last year, the firm posted $6.72 EPS. The company's revenue was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Research analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group's payout ratio is presently 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.

Want to see what other hedge funds are holding CI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cigna Group (NYSE:CI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.