English Capital Management LLC Buys 1,920 Shares of Cigna Group $CI

Key Points

• English Capital Management LLC has increased its stake in Cigna Group by 9.3%, now holding 22,506 shares, which represents about 5.5% of its portfolio and makes it the firm's fourth largest position.
• Cigna Group reported an earnings per share of $7.20 for the last quarter, exceeding analysts' expectations, and revenue for the quarter was $67.13 billion, up 11% from the previous year.
• The company has announced a quarterly dividend of $1.51 per share, which will be paid on September 18th, yielding an annualized rate of approximately 2.1%.

English Capital Management LLC grew its stake in shares of Cigna Group (NYSE:CI - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,506 shares of the health services provider's stock after purchasing an additional 1,920 shares during the period. Cigna Group comprises about 5.5% of English Capital Management LLC's holdings, making the stock its 4th biggest holding. English Capital Management LLC's holdings in Cigna Group were worth $7,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. T. Rowe Price Investment Management Inc. purchased a new stake in Cigna Group in the 4th quarter worth about $724,517,000. Nuveen LLC purchased a new stake in Cigna Group in the 1st quarter worth about $727,905,000. GAMMA Investing LLC lifted its stake in Cigna Group by 58,799.0% in the 1st quarter. GAMMA Investing LLC now owns 1,774,626 shares of the health services provider's stock worth $583,852,000 after acquiring an additional 1,771,613 shares in the last quarter. GQG Partners LLC lifted its stake in 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 worth $1,607,716,000 after acquiring an additional 865,092 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Cigna Group by 278.0% in the 4th 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 in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CI. Wall Street Zen lowered Cigna Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler upped their target price on Cigna Group from $348.00 to $374.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Morgan Stanley upped their target price on Cigna Group from $379.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Barclays dropped their target price on Cigna Group from $385.00 to $354.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Finally, Cowen reaffirmed a "buy" rating on shares of Cigna Group in a research report on Monday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $378.33.

Cigna Group Stock Performance

NYSE CI traded up $3.8750 during trading on Tuesday, hitting $302.1950. The company's stock had a trading volume of 1,480,570 shares, compared to its average volume of 1,857,207. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average price of $301.79 and a 200 day moving average price of $311.36. The firm has a market cap of $80.66 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 0.87 and a beta of 0.47. Cigna Group has a 52 week low of $256.89 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $7.15 by $0.05. The company had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities research analysts forecast that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

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

Cigna Group 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.