1,310 Shares in Cigna Group $CI Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a stake in Cigna Group, purchasing 1,310 shares valued at approximately $431,000 in the first quarter.
• Cigna Group reported earnings of $7.20 EPS for the quarter, exceeding expectations, with revenue reaching $67.13 billion—an 11% increase year-over-year.
• The company declared a quarterly dividend of $1.51, reflecting a yield of 2.0%, with the ex-dividend date set for September 4th.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cigna Group (NYSE:CI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,310 shares of the health services provider's stock, valued at approximately $431,000.

A number of other hedge funds also recently made changes to their positions in CI. Nuveen LLC bought a new position in shares of Cigna Group during the 1st quarter valued at approximately $727,905,000. GAMMA Investing LLC grew its stake in shares of Cigna Group by 58,799.0% during the 1st quarter. GAMMA Investing LLC now owns 1,774,626 shares of the health services provider's stock valued at $583,852,000 after acquiring an additional 1,771,613 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Cigna Group by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,056,806 shares of the health services provider's stock valued at $3,966,690,000 after acquiring an additional 1,094,327 shares during the period. GQG Partners LLC grew its stake in shares of Cigna Group by 21.5% during the 1st quarter. GQG Partners LLC now owns 4,886,674 shares of the health services provider's stock valued at $1,607,716,000 after acquiring an additional 865,092 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Cigna Group by 278.0% during the 4th quarter. Two Sigma Advisers LP now owns 816,200 shares of the health services provider's stock valued at $225,385,000 after acquiring an additional 600,300 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction 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 transaction, the insider 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Cigna Group Trading Up 1.7%

NYSE:CI traded up $5.06 during midday trading on Wednesday, hitting $299.27. 199,532 shares of the company traded hands, compared to its average volume of 1,801,077. The firm's fifty day moving average is $294.79 and its 200-day moving average is $311.90. Cigna Group has a 12-month low of $256.89 and a 12-month high of $362.25. The firm has a market capitalization of $79.88 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.87 and a beta of 0.48. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.15 by $0.05. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The business had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. During the same quarter in the prior year, the company earned $6.72 EPS. The business's revenue was up 11.0% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, sell-side analysts predict that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CI. Deutsche Bank Aktiengesellschaft set a $415.00 price target on Cigna Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wells Fargo & Company lowered their price target on Cigna Group from $341.00 to $340.00 and set an "equal weight" rating on the stock in a report on Thursday, August 14th. TD Cowen raised Cigna Group to a "strong-buy" rating in a report on Monday, June 23rd. Wall Street Zen raised Cigna Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Barclays boosted their price target on Cigna Group from $354.00 to $383.00 and gave the stock an "overweight" rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Cigna Group presently has a consensus rating of "Buy" and a consensus target price of $371.81.

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.