Cigna Group $CI Position Increased by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Cigna Group by 3.8%, acquiring an additional 2,414 shares to bring its total holdings to 65,299 shares, valued at approximately $21.6 million.
• Cigna Group recently declared a quarterly dividend of $1.51 per share, with a dividend yield of 2.1%, which will be paid on September 18th.
• Following its latest earnings report, Cigna Group surpassed analysts' expectations with an EPS of $7.20 and quarterly revenue of $67.13 billion, representing an 11.0% year-over-year increase.

Czech National Bank raised its stake in shares of Cigna Group (NYSE:CI - Free Report) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,299 shares of the health services provider's stock after buying an additional 2,414 shares during the period. Czech National Bank's holdings in Cigna Group were worth $21,587,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Modern Wealth Management LLC raised its stake in Cigna Group by 91.3% during the 1st quarter. Modern Wealth Management LLC now owns 3,130 shares of the health services provider's stock valued at $1,030,000 after buying an additional 1,494 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Cigna Group by 277.5% in the 1st quarter. Acadian Asset Management LLC now owns 8,274 shares of the health services provider's stock worth $2,718,000 after purchasing an additional 6,082 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Cigna Group in the 1st quarter worth $431,000. NBC Securities Inc. purchased a new stake in Cigna Group in the 1st quarter worth about $123,000. Finally, Integrity Alliance LLC. purchased a new position in Cigna Group during the first quarter valued at approximately $617,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CI. Barclays lifted their price objective on shares of Cigna Group from $354.00 to $383.00 and gave the company an "overweight" rating in a report on Thursday, September 4th. Truist Financial set a $375.00 target price on shares of Cigna Group in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft set a $415.00 target price on shares of Cigna Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $365.00 price target on shares of Cigna Group in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Cigna Group has an average rating of "Buy" and a consensus target price of $371.81.

Insiders Place Their Bets

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the transaction, the insider directly owned 25,648 shares of the company's stock, valued at $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 SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Cigna Group Stock Performance

NYSE:CI traded down $3.60 during trading hours on Friday, reaching $290.16. 2,573,913 shares of the company's stock were exchanged, compared to its average volume of 1,328,766. The firm has a market capitalization of $77.45 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 0.85 and a beta of 0.48. The company has a 50-day moving average of $293.99 and a 200 day moving average of $311.56. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. Cigna Group has a 1-year low of $256.89 and a 1-year high of $358.91.

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, topping 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 net margin of 1.92% and a return on equity of 18.80%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Research analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group's payout ratio is 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.