Kestra Investment Management LLC Buys 1,194 Shares of Cigna Group $CI

Key Points

• Kestra Investment Management LLC increased its stake in Cigna Group by 36.2%, acquiring an additional 1,194 shares during the first quarter, bringing its total holdings to 4,491 shares worth approximately $1,478,000.
• Several hedge funds have also adjusted their investments in Cigna Group, with 86.99% of the stock currently owned by institutional investors, highlighting strong institutional interest.
• Cigna Group reported earnings per share of $7.20 for the last quarter, exceeding estimates and indicating a 11.0% year-over-year increase in revenue to $67.13 billion.

Kestra Investment Management LLC increased its stake in shares of Cigna Group (NYSE:CI - Free Report) by 36.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,491 shares of the health services provider's stock after purchasing an additional 1,194 shares during the quarter. Kestra Investment Management LLC's holdings in Cigna Group were worth $1,478,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cigna Group during the first quarter valued at approximately $431,000. UniSuper Management Pty Ltd lifted its holdings in Cigna Group by 2.4% in the first quarter. UniSuper Management Pty Ltd now owns 19,609 shares of the health services provider's stock valued at $6,451,000 after buying an additional 464 shares during the period. Sheridan Capital Management LLC acquired a new position in Cigna Group in the first quarter valued at approximately $200,000. New England Asset Management Inc. lifted its holdings in Cigna Group by 22.1% in the first quarter. New England Asset Management Inc. now owns 23,000 shares of the health services provider's stock valued at $7,567,000 after buying an additional 4,165 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in Cigna Group by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 34,893 shares of the health services provider's stock valued at $11,480,000 after buying an additional 256 shares during the period. 86.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction on 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 sale, the insider directly owned 25,648 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company's stock.

Cigna Group Trading Up 0.4%

CI opened at $305.28 on Monday. The firm's fifty day moving average is $297.68 and its two-hundred day moving average is $312.17. 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 firm has a market cap of $81.49 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.89 and a beta of 0.48. Cigna Group has a twelve month low of $256.89 and a twelve month high of $370.83.

Cigna Group (NYSE:CI - Get Free Report) last posted its earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping the consensus estimate of $7.15 by $0.05. The company 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 business'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. Equities research analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 yield of 2.0%. Cigna Group's dividend payout ratio (DPR) is 32.97%.

Analysts Set New Price Targets

CI has been the topic of several analyst reports. Barclays increased their price objective on shares of Cigna Group from $354.00 to $383.00 and gave the company an "overweight" rating in a report on Thursday. Guggenheim restated a "buy" rating and issued a $350.00 price objective (down from $388.00) on shares of Cigna Group in a report on Monday, August 4th. Cantor Fitzgerald restated an "overweight" rating and issued a $365.00 price objective on shares of Cigna Group in a report on Tuesday, August 26th. Robert W. Baird set a $372.00 price objective on shares of Cigna Group in a report on Thursday, August 14th. Finally, Wells Fargo & Company cut their price objective 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. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $374.76.

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.

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