Cigna Group $CI Shares Sold by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC reduced its holdings in Cigna Group by 3.9%, now owning 165,942 shares worth approximately $54.6 million.
• Cigna Group recently reported an EPS of $7.20, exceeding analysts' expectations, with quarterly revenue of $67.13 billion, a growth of 11% year-over-year.
• The company declared a quarterly dividend of $1.51 per share, resulting in an annualized yield of 2.1%, with a dividend payout ratio of 32.97%.

Brandywine Global Investment Management LLC lowered its position in shares of Cigna Group (NYSE:CI - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 165,942 shares of the health services provider's stock after selling 6,735 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.06% of Cigna Group worth $54,595,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CI. Brighton Jones LLC grew its holdings 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 worth $1,032,000 after purchasing an additional 318 shares during the period. Mariner LLC grew its holdings in shares of Cigna Group by 12.9% during the 4th quarter. Mariner LLC now owns 50,728 shares of the health services provider's stock worth $14,008,000 after purchasing an additional 5,808 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Cigna Group by 0.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 15,726 shares of the health services provider's stock worth $4,343,000 after acquiring an additional 74 shares during the period. NewEdge Advisors LLC boosted its holdings in Cigna Group by 3.4% in the 4th quarter. NewEdge Advisors LLC now owns 27,078 shares of the health services provider's stock worth $7,477,000 after acquiring an additional 894 shares during the period. Finally, Zacks Investment Management purchased a new position in Cigna Group in the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Cigna Group Stock Up 0.8%

Shares of Cigna Group stock traded up $2.38 on Wednesday, hitting $304.49. 1,588,095 shares of the company's stock traded hands, compared to its average volume of 2,160,665. The stock has a market cap of $81.28 billion, a P/E ratio of 16.62, a PEG ratio of 0.88 and a beta of 0.47. 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's 50-day moving average is $301.44 and its 200 day moving average is $311.25. 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 released its earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, beating the consensus estimate of $7.15 by $0.05. The company had revenue of $67.13 billion during the quarter, compared to analysts' expectations of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The business's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities analysts anticipate that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given 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 is currently 32.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CI shares. Piper Sandler upped their price target on Cigna Group from $348.00 to $374.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Barclays decreased their price target on Cigna Group from $385.00 to $354.00 and set an "overweight" rating for the company in a report on Friday, August 1st. Guggenheim restated a "buy" rating and issued a $350.00 price target (down previously from $388.00) on shares of Cigna Group in a report on Monday, August 4th. Cowen restated a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Finally, Wall Street Zen cut Cigna Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $378.33.

Insider Activity

In related news, insider Nicole S. Jones sold 28,526 shares of the company'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 transaction of $8,557,800.00. Following the sale, the insider directly owned 25,648 shares of the company's stock, valued at approximately $7,694,400. This represents a 52.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

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.