Cigna Group $CI Shares Sold by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp reduced its stake in Cigna Group by 71.8%, selling 20,027 shares during the first quarter, leaving it with 7,860 shares valued at approximately $2.59 million.
• Cigna Group reported a quarterly earnings per share of $7.20, surpassing analysts' expectations, with revenue reaching $67.13 billion, a growth of 11% from the previous year.
• The company declared a quarterly dividend of $1.51 per share, reflecting a 2.0% dividend yield and a payout ratio of 32.97%.

Jones Financial Companies Lllp trimmed its position in Cigna Group (NYSE:CI - Free Report) by 71.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,860 shares of the health services provider's stock after selling 20,027 shares during the period. Jones Financial Companies Lllp's holdings in Cigna Group were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CI. Nuveen LLC acquired a new stake in shares of Cigna Group during the first quarter worth about $727,905,000. GAMMA Investing LLC lifted its stake in Cigna Group by 58,799.0% during the 1st quarter. GAMMA Investing LLC now owns 1,774,626 shares of the health services provider's stock valued at $583,852,000 after acquiring an additional 1,771,613 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Cigna Group by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,056,806 shares of the health services provider's stock valued at $3,966,690,000 after acquiring an additional 1,094,327 shares during the period. GQG Partners LLC boosted its holdings in shares of Cigna Group by 21.5% in the 1st quarter. GQG Partners LLC now owns 4,886,674 shares of the health services provider's stock valued at $1,607,716,000 after acquiring an additional 865,092 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Cigna Group by 278.0% in the fourth quarter. Two Sigma Advisers LP now owns 816,200 shares of the health services provider's stock worth $225,385,000 after acquiring an additional 600,300 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.

Cigna Group Price Performance

Cigna Group stock opened at $302.35 on Thursday. The stock has a market capitalization of $80.71 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.88 and a beta of 0.48. The company's fifty day moving average price is $296.08 and its 200 day moving average price is $312.04. 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 1 year low of $256.89 and a 1 year high of $370.83.

Cigna Group (NYSE:CI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, beating analysts' consensus estimates of $7.15 by $0.05. The firm had revenue of $67.13 billion for 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%. Cigna Group's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities research analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.04 annualized dividend and a dividend yield of 2.0%. Cigna Group's dividend payout ratio is 32.97%.

Insider Activity

In related news, insider Nicole S. Jones sold 28,526 shares of the 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 transaction, the insider directly owned 25,648 shares in the company, valued at approximately $7,694,400. This represents a 52.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $415.00 price objective on Cigna Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Barclays lifted their price target on Cigna Group from $354.00 to $383.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Wall Street Zen lowered Cigna Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Robert W. Baird set a $372.00 target price on shares of Cigna Group in a report on Thursday, August 14th. Finally, TD Cowen upgraded shares of Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $374.76.

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.

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