Cigna Group $CI Shares Bought by Diversified Trust Co

Key Points

• Diversified Trust Co increased its stake in Cigna Group (CI) by 77.0% in the second quarter, acquiring a total of 5,686 shares valued at approximately $1,880,000.
• Cigna Group reported an impressive quarterly earnings of $7.20 EPS, exceeding estimates, with revenue hitting $67.13 billion, a year-over-year increase of 11.0%.
• The company declared a quarterly dividend of $1.51 per share, yielding 2.1% annually, with a payout ratio of 32.97%.

Diversified Trust Co increased its position in shares of Cigna Group (NYSE:CI - Free Report) by 77.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,686 shares of the health services provider's stock after acquiring an additional 2,474 shares during the quarter. Diversified Trust Co's holdings in Cigna Group were worth $1,880,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Modern Wealth Management LLC boosted 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 purchasing an additional 1,494 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Cigna Group by 277.5% during the 1st quarter. Acadian Asset Management LLC now owns 8,274 shares of the health services provider's stock valued at $2,718,000 after buying an additional 6,082 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Cigna Group during the 1st quarter valued at $431,000. NBC Securities Inc. bought a new position in Cigna Group in the 1st quarter worth $123,000. Finally, Integrity Alliance LLC. bought a new position in Cigna Group in the 1st quarter worth $617,000. Institutional investors own 86.99% of the company's stock.

Cigna Group Stock Up 0.4%

CI stock traded up $1.30 during trading on Tuesday, reaching $289.92. 585,222 shares of the company traded hands, compared to its average volume of 1,798,641. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $77.39 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.85 and a beta of 0.48. The business has a 50 day simple moving average of $293.71 and a 200 day simple moving average of $311.30. Cigna Group has a 12 month low of $256.89 and a 12 month high of $358.88.

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

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group's dividend payout ratio is 32.97%.

Insider Activity at Cigna Group

In related news, insider Nicole S. Jones sold 28,526 shares of the business's stock in a transaction 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 sale, the insider owned 25,648 shares in the company, valued at approximately $7,694,400. The trade was a 52.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CI shares. Wall Street Zen upgraded shares of Cigna Group from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $365.00 target price on shares of Cigna Group in a research note on Tuesday, August 26th. Barclays raised their target price on shares of Cigna Group from $354.00 to $383.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft set a $415.00 price target on shares of Cigna Group and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Guggenheim restated a "buy" rating and set a $350.00 target price (down previously from $388.00) on shares of Cigna Group in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cigna Group has an average rating of "Buy" and an average target price of $371.81.

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.