Twin Tree Management LP Sells 7,045 Shares of Cigna Group $CI

Key Points

• Twin Tree Management LP reduced its stake in Cigna Group by 26.6%, selling 7,045 shares and now holding 19,455 shares worth $6,401,000.
• Insider Nicole S. Jones sold 28,526 shares of Cigna stock, a transaction valued at approximately $8.56 million, reducing her position by 52.66%.
• Cigna Group reported $7.20 EPS for the latest quarter, surpassing estimates and showing an 11.0% increase in revenue compared to the previous year.

Twin Tree Management LP reduced its stake in shares of Cigna Group (NYSE:CI - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,455 shares of the health services provider's stock after selling 7,045 shares during the quarter. Twin Tree Management LP's holdings in Cigna Group were worth $6,401,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Connecticut Wealth Management LLC raised its position in Cigna Group by 39.5% during the first quarter. Connecticut Wealth Management LLC now owns 6,540 shares of the health services provider's stock valued at $2,152,000 after acquiring an additional 1,851 shares in the last quarter. Baird Financial Group Inc. raised its position in Cigna Group by 9.7% during the first quarter. Baird Financial Group Inc. now owns 41,966 shares of the health services provider's stock valued at $13,807,000 after acquiring an additional 3,720 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Cigna Group by 4.7% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 928 shares of the health services provider's stock valued at $305,000 after acquiring an additional 42 shares in the last quarter. Activest Wealth Management raised its position in Cigna Group by 360.0% during the first quarter. Activest Wealth Management now owns 92 shares of the health services provider's stock valued at $30,000 after acquiring an additional 72 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its position in Cigna Group by 18.0% during the first quarter. Evergreen Capital Management LLC now owns 4,054 shares of the health services provider's stock valued at $1,334,000 after acquiring an additional 619 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Cigna Group Stock Performance

CI stock traded down $0.53 on Wednesday, reaching $300.19. 1,512,564 shares of the company were exchanged, compared to its average volume of 1,677,306. Cigna Group has a 12 month low of $256.89 and a 12 month high of $370.83. The stock's fifty day moving average price is $298.92 and its 200 day moving average price is $311.91. The firm has a market capitalization of $80.13 billion, a PE ratio of 10.71, a PEG ratio of 0.88 and a beta of 0.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71.

Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, research analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently declared 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. This represents a $6.04 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 4th. Cigna Group's payout ratio is 32.97%.

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 on Friday, August 15th. The shares were sold at an average price of $300.00, for a total value of $8,557,800.00. Following the sale, the insider owned 25,648 shares of the company's stock, valued at $7,694,400. The trade was a 52.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CI. Guggenheim reaffirmed a "buy" rating and set a $350.00 price objective (down previously from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $371.00 target price on shares of Cigna Group in a research note on Thursday, June 26th. Wells Fargo & Company lowered their target price on shares of Cigna Group from $341.00 to $340.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 14th. Barclays lowered their target price on shares of Cigna Group from $385.00 to $354.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. Finally, Truist Financial set a $375.00 target price on shares of Cigna Group in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cigna Group has a consensus rating of "Buy" and a consensus target price of $373.06.

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.