Kestra Advisory Services LLC Cuts Stock Position in Cigna Group $CI

Key Points

• Kestra Advisory Services LLC reduced its stakes in Cigna Group by 12.4%, holding 14,676 shares worth approximately $4.83 million after selling 2,074 shares in the first quarter.
• Insider Nicole S. Jones sold 28,526 shares of Cigna stock for over $8.5 million, representing a 52.66% decrease in her position.
• Cigna Group recently announced a quarterly dividend of $1.51, set to be paid on September 18th, with a 2.0% dividend yield based on its annualized payout.

Kestra Advisory Services LLC trimmed its position in shares of Cigna Group (NYSE:CI - Free Report) by 12.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,676 shares of the health services provider's stock after selling 2,074 shares during the period. Kestra Advisory Services LLC's holdings in Cigna Group were worth $4,828,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Evermay Wealth Management LLC increased its stake in shares of 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 period. Richardson Financial Services Inc. purchased a new stake in shares of Cigna Group during the first quarter worth approximately $38,000. Wayfinding Financial LLC acquired a new position in Cigna Group in the first quarter valued at approximately $40,000. Putney Financial Group LLC acquired a new position in Cigna Group in the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. acquired a new position in Cigna Group in the fourth quarter valued at approximately $44,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider owned 25,648 shares in the company, valued at $7,694,400. This 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 through this link. 0.70% of the stock is owned by company insiders.

Cigna Group Stock Performance

Shares of CI stock traded up $2.39 during trading hours on Monday, hitting $301.39. The stock had a trading volume of 1,588,821 shares, compared to its average volume of 1,802,228. The firm has a market capitalization of $80.45 billion, a PE ratio of 16.45, a PEG ratio of 0.88 and a beta of 0.48. Cigna Group has a twelve month low of $256.89 and a twelve month high of $370.83. The stock's 50 day moving average is $299.56 and its 200 day moving average is $311.93. 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 (NYSE:CI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.15 by $0.05. The business had revenue of $67.13 billion during the quarter, compared to the consensus estimate 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 was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, research analysts forecast that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

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

Analyst Upgrades and Downgrades

CI has been the subject of a number of research analyst reports. Piper Sandler upped their price target on Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a report on Monday, May 5th. TD Cowen raised Cigna Group to a "strong-buy" rating in a report on Monday, June 23rd. Wells Fargo & Company lowered their price target on Cigna Group from $341.00 to $340.00 and set an "equal weight" rating for the company in a report on Thursday, August 14th. Cowen reaffirmed a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $350.00 price target (down from $388.00) on shares of Cigna Group in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $374.82.

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.