ST Germain D J Co. Inc. Has $1.39 Million Holdings in Cigna Group $CI

Key Points

• ST Germain D J Co. Inc. significantly increased its stake in Cigna Group by 830.5%, now holding shares worth $1.39 million.
• Cigna Group reported strong earnings with a 7.20 EPS for the last quarter, exceeding analysts' expectations and achieving $67.13 billion in revenue.
• The company recently announced a quarterly dividend of $1.51 per share, translating to an annualized dividend yield of 2.1%.

ST Germain D J Co. Inc. increased its stake in Cigna Group (NYSE:CI - Free Report) by 830.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,206 shares of the health services provider's stock after purchasing an additional 3,754 shares during the period. ST Germain D J Co. Inc.'s holdings in Cigna Group were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Family Legacy Inc. boosted its stake in Cigna Group by 0.5% in the 1st quarter. Family Legacy Inc. now owns 6,497 shares of the health services provider's stock worth $2,138,000 after purchasing an additional 31 shares during the period. Impact Investors Inc boosted its stake in Cigna Group by 1.6% in the 1st quarter. Impact Investors Inc now owns 1,975 shares of the health services provider's stock worth $650,000 after purchasing an additional 31 shares during the period. Mission Wealth Management LP boosted its stake in Cigna Group by 1.5% in the 1st quarter. Mission Wealth Management LP now owns 2,101 shares of the health services provider's stock worth $691,000 after purchasing an additional 32 shares during the period. Westend Capital Management LLC boosted its stake in Cigna Group by 8.1% in the 1st quarter. Westend Capital Management LLC now owns 427 shares of the health services provider's stock worth $140,000 after purchasing an additional 32 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in Cigna Group by 0.7% in the 1st quarter. Moody National Bank Trust Division now owns 4,587 shares of the health services provider's stock worth $1,509,000 after purchasing an additional 34 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on CI. TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a research report on Monday, June 23rd. Robert W. Baird set a $372.00 price target on shares of Cigna Group in a research report on Thursday, August 14th. Truist Financial set a $375.00 price target on shares of Cigna Group in a research report on Tuesday, September 2nd. Royal Bank Of Canada reissued an "outperform" rating and set a $371.00 price target on shares of Cigna Group in a research report on Thursday, June 26th. Finally, Barclays boosted their price target on shares of Cigna Group from $354.00 to $383.00 and gave the stock an "overweight" rating in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $371.81.

Cigna Group Stock Up 0.7%

Shares of CI stock opened at $286.04 on Friday. 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's 50-day moving average is $292.71 and its 200-day moving average is $310.51. The stock has a market cap of $76.35 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.83 and a beta of 0.48. Cigna Group has a 52-week low of $256.89 and a 52-week high of $358.88.

Cigna Group (NYSE:CI - Get Free Report) last issued its earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.15 by $0.05. The company had revenue of $67.13 billion for the quarter, compared to analysts' expectations of $62.61 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. Cigna Group's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts predict that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group's dividend payout ratio is presently 32.97%.

Insider Activity

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the 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 transaction, the insider directly owned 25,648 shares of the company's stock, valued at $7,694,400. This represents a 52.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company's stock.

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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