989 Shares in Cigna Group $CI Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has made a new investment of $325,000 in Cigna Group, acquiring 989 shares of the health services provider during the first quarter.
• Cigna Group recently reported earnings of $7.20 EPS for the quarter, exceeding analysts' expectations, with a revenue of $67.13 billion, indicating an 11.0% year-over-year increase.
• The company declared a quarterly dividend of $1.51, reflecting an annual yield of 2.0%, with the ex-dividend date set for September 4th.

MBB Public Markets I LLC bought a new stake in shares of Cigna Group (NYSE:CI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 989 shares of the health services provider's stock, valued at approximately $325,000.

A number of other hedge funds have also made changes to their positions in the stock. Two Sigma Investments LP grew its holdings in Cigna Group by 32.6% during the 4th quarter. Two Sigma Investments LP now owns 764,900 shares of the health services provider's stock worth $211,219,000 after acquiring an additional 188,235 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Cigna Group during the first quarter worth about $123,000. SBI Securities Co. Ltd. grew its stake in Cigna Group by 18.8% in the first quarter. SBI Securities Co. Ltd. now owns 398 shares of the health services provider's stock worth $131,000 after purchasing an additional 63 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Cigna Group by 2.4% in the first quarter. Commonwealth Equity Services LLC now owns 113,584 shares of the health services provider's stock valued at $37,369,000 after buying an additional 2,614 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Cigna Group by 10.0% during the first 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 buying an additional 1,094,327 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on CI shares. Guggenheim reiterated a "buy" rating and issued a $350.00 target price (down previously from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $415.00 price objective on shares of Cigna Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Robert W. Baird set a $372.00 target price on Cigna Group in a report on Thursday, August 14th. Wall Street Zen downgraded Cigna Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Barclays boosted their price objective on Cigna Group from $354.00 to $383.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Two equities 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 company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $374.76.

Insider Transactions at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of Cigna Group 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 directly owned 25,648 shares in the company, valued at approximately $7,694,400. This trade represents a 52.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Cigna Group Stock Performance

Shares of CI traded down $3.16 during trading hours on Friday, reaching $302.71. 1,105,501 shares of the company's stock traded hands, compared to its average volume of 1,815,709. Cigna Group has a twelve month low of $256.89 and a twelve month high of $370.83. The business's fifty day simple moving average is $295.81 and its two-hundred day simple moving average is $312.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $80.80 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 0.89 and a beta of 0.48.

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, topping 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 net margin of 1.92% and a return on equity of 18.80%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Analysts predict that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Dividend Announcement

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 given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, September 4th. Cigna Group's dividend payout ratio is 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.