FCG Investment Co Has $476,000 Stock Holdings in Cigna Group $CI

Key Points

• FCG Investment Co reduced its stake in Cigna Group by 69.1%, selling 3,241 shares and leaving it with 1,448 shares worth approximately $476,000.
• Cigna Group reported earnings per share (EPS) of $7.20 for the last quarter, exceeding analyst estimates and achieving a revenue of $67.13 billion, marking an 11.0% year-over-year increase.
• The company announced a quarterly dividend of $1.51 per share, with an annualized yield of 2.0%, to be paid on September 18th.

FCG Investment Co reduced its stake in Cigna Group (NYSE:CI - Free Report) by 69.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,448 shares of the health services provider's stock after selling 3,241 shares during the period. FCG Investment Co's holdings in Cigna Group were worth $476,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CI. Evermay Wealth Management LLC boosted its holdings in Cigna Group by 58.6% during the first quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider's stock worth $37,000 after buying an additional 41 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in Cigna Group in the first quarter worth $38,000. Wayfinding Financial LLC bought a new position in shares of Cigna Group during the first quarter worth $40,000. Putney Financial Group LLC acquired a new position in shares of Cigna Group in the 4th quarter valued at $36,000. Finally, Transce3nd LLC bought a new stake in shares of Cigna Group in the 4th quarter valued at $38,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CI shares. Morgan Stanley lifted their target price on Cigna Group from $379.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Cowen reiterated a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $371.00 price objective on shares of Cigna Group in a research report on Thursday, June 26th. Wells Fargo & Company dropped their target price on shares of Cigna Group from $341.00 to $340.00 and set an "equal weight" rating on the stock in a report on Thursday, August 14th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $378.33.

Insider Activity

In related news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction dated 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 of the company's stock, valued at approximately $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

Cigna Group Stock Up 0.8%

Shares of CI traded up $2.38 during mid-day trading on Wednesday, hitting $304.49. 1,588,095 shares of the company's stock were exchanged, compared to its average volume of 1,857,674. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. Cigna Group has a 52 week low of $256.89 and a 52 week high of $370.83. The company has a market cap of $81.28 billion, a PE ratio of 16.62, a P/E/G ratio of 0.87 and a beta of 0.47. The company has a 50-day simple moving average of $301.55 and a 200 day simple moving average of $311.30.

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

Cigna Group Dividend Announcement

The business 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 $1.51 dividend. The ex-dividend date is Thursday, September 4th. This represents a $6.04 annualized dividend and a dividend yield of 2.0%. Cigna Group's dividend payout ratio (DPR) is presently 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.