Moran Wealth Management LLC Sells 939 Shares of Cigna Group $CI

Key Points

• Moran Wealth Management LLC reduced its stake in Cigna Group by 1.9%, selling 939 shares during the 2nd quarter, leaving it with a total of 48,846 shares valued at approximately $16.15 million.
• Insider activity includes significant stock sales, with insider Brian C. Evanko selling 5,368 shares for $1.61 million, and Nicole S. Jones selling 28,526 shares for $8.56 million, indicating decreased holdings in the company.
• Analysts have set a consensus target price for Cigna Group at $372.53, with ratings ranging from "Strong Buy" to "Hold," and have cited expectations for Cigna to post an EPS of 29.77 for the current year.

Moran Wealth Management LLC decreased its holdings in Cigna Group (NYSE:CI - Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,846 shares of the health services provider's stock after selling 939 shares during the quarter. Moran Wealth Management LLC's holdings in Cigna Group were worth $16,148,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Cigna Group by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,056,806 shares of the health services provider's stock worth $3,966,690,000 after purchasing an additional 1,094,327 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Cigna Group by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,654,993 shares of the health services provider's stock worth $3,834,493,000 after purchasing an additional 98,715 shares during the last quarter. Dodge & Cox grew its stake in shares of Cigna Group by 1.3% in the first quarter. Dodge & Cox now owns 8,889,733 shares of the health services provider's stock worth $2,924,722,000 after purchasing an additional 117,125 shares during the last quarter. GQG Partners LLC grew its stake in shares of Cigna Group by 21.5% in the first quarter. GQG Partners LLC now owns 4,886,674 shares of the health services provider's stock worth $1,607,716,000 after purchasing an additional 865,092 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of Cigna Group by 86,071.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,475,282 shares of the health services provider's stock worth $1,148,859,000 after purchasing an additional 3,471,249 shares during the last quarter. Institutional investors own 86.99% of the company's stock.

Insider Activity

In other news, insider Brian C. Evanko sold 5,368 shares of the company's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $300.00, for a total transaction of $1,610,400.00. Following the transaction, the insider owned 51,182 shares in the company, valued at approximately $15,354,600. This represents a 9.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole S. Jones sold 28,526 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the transaction, the insider owned 25,648 shares in the company, valued at $7,694,400. This represents a 52.66% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CI. The Goldman Sachs Group set a $370.00 price objective on shares of Cigna Group and gave the stock a "buy" rating in a research note on Tuesday. Weiss Ratings reissued a "hold (c+)" rating on shares of Cigna Group in a research note on Wednesday, October 8th. Robert W. Baird set a $372.00 target price on shares of Cigna Group in a report on Thursday, August 14th. Royal Bank Of Canada restated an "outperform" rating and issued a $371.00 target price on shares of Cigna Group in a report on Thursday, June 26th. Finally, Wall Street Zen lowered shares of Cigna Group from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $372.53.

Cigna Group Price Performance

CI stock opened at $295.60 on Tuesday. The firm has a market cap of $78.90 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.88 and a beta of 0.45. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. Cigna Group has a 12-month low of $256.89 and a 12-month high of $358.88. The company's fifty day simple moving average is $295.25 and its 200 day simple moving average is $308.92.

Cigna Group (NYSE:CI - Get Free Report) last announced 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. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The firm had revenue of $67.13 billion for the quarter, compared to analyst estimates of $62.61 billion. During the same quarter in the prior year, the business earned $6.72 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

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

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