Integrity Alliance LLC. Makes New $617,000 Investment in Cigna Group $CI

Key Points

• Integrity Alliance LLC. has invested in Cigna Group by purchasing 1,876 shares worth approximately $617,000 during the first quarter.
• Cigna Group reported $67.13 billion in revenue for the most recent quarter, exceeding expectations and marking an 11% increase from the previous year, with earnings per share of $7.20.
• The company declared a quarterly dividend of $1.51 per share, highlighting a dividend yield of 2.0% and a payout ratio of approximately 32.97%.

Integrity Alliance LLC. purchased a new position in shares of Cigna Group (NYSE:CI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,876 shares of the health services provider's stock, valued at approximately $617,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of Cigna Group by 9.3% in the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock valued at $1,032,000 after acquiring an additional 318 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Cigna Group by 10.7% in the fourth quarter. ProShare Advisors LLC now owns 48,117 shares of the health services provider's stock valued at $13,287,000 after acquiring an additional 4,658 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Cigna Group in the fourth quarter valued at about $3,886,000. Rafferty Asset Management LLC increased its position in shares of Cigna Group by 11.3% in the fourth quarter. Rafferty Asset Management LLC now owns 31,551 shares of the health services provider's stock valued at $8,712,000 after acquiring an additional 3,199 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its position in shares of Cigna Group by 5.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 4,229 shares of the health services provider's stock valued at $1,168,000 after acquiring an additional 226 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $300.00, for a total value of $8,557,800.00. Following the completion of the transaction, the insider owned 25,648 shares in the company, valued at $7,694,400. This trade represents a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CI shares. Barclays lifted their target price on Cigna Group from $354.00 to $383.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a report on Monday, June 23rd. Robert W. Baird set a $372.00 target price on shares of Cigna Group in a report on Thursday, August 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $365.00 target price on shares of Cigna Group in a report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft set a $415.00 target price on shares of Cigna Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $374.76.

Cigna Group Trading Down 1.1%

Shares of CI stock traded down $3.26 on Tuesday, hitting $293.88. The company had a trading volume of 1,660,785 shares, compared to its average volume of 1,810,430. The firm has a market cap of $78.45 billion, a P/E ratio of 16.04, a P/E/G ratio of 0.89 and a beta of 0.48. The stock's 50-day moving average is $295.15 and its two-hundred day moving average is $312.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71. Cigna Group has a twelve month low of $256.89 and a twelve month high of $366.91.

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 the consensus estimate of $7.15 by $0.05. The company had revenue of $67.13 billion during the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $6.72 EPS. 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $1.51 dividend. The ex-dividend date is Thursday, September 4th. This represents a $6.04 annualized dividend and a dividend yield of 2.1%. Cigna Group's dividend payout ratio (DPR) is presently 32.97%.

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.