United Services Automobile Association Invests $2.11 Million in Cigna Group $CI

Key Points

• United Services Automobile Association invested approximately $2.11 million in Cigna Group, acquiring 6,496 shares during the first quarter.
• Insider Nicole S. Jones sold 28,526 shares of Cigna Group for over $8.5 million, resulting in a significant decrease in her ownership percentage.
• Cigna Group recently announced a quarterly dividend of $1.51 per share, with a yield of 2.0%, marking a consistent financial return for investors.

United Services Automobile Association bought a new stake in Cigna Group (NYSE:CI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,496 shares of the health services provider's stock, valued at approximately $2,111,000.

A number of other large investors have also recently bought and sold shares of CI. Brighton Jones LLC grew its position in Cigna Group by 9.3% in the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock valued at $1,032,000 after acquiring an additional 318 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Cigna Group by 6.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,185 shares of the health services provider's stock worth $1,708,000 after purchasing an additional 399 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Cigna Group by 11.6% during the fourth quarter. Focus Partners Wealth now owns 23,808 shares of the health services provider's stock worth $6,579,000 after purchasing an additional 2,483 shares during the last quarter. Humankind Investments LLC grew its holdings in shares of Cigna Group by 12.1% during the fourth quarter. Humankind Investments LLC now owns 5,294 shares of the health services provider's stock worth $1,462,000 after purchasing an additional 571 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Cigna Group by 184.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 20,037 shares of the health services provider's stock worth $5,533,000 after purchasing an additional 13,001 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CI shares. Barclays increased their target price on Cigna Group from $354.00 to $383.00 and gave the stock an "overweight" rating in a report on Thursday, September 4th. Royal Bank Of Canada restated an "outperform" rating and set a $371.00 target price on shares of Cigna Group in a report on Thursday, June 26th. Wells Fargo & Company decreased their target price on Cigna Group from $341.00 to $340.00 and set an "equal weight" rating on the stock in a report on Thursday, August 14th. Guggenheim restated a "buy" rating and set a $350.00 target price (down previously from $388.00) on shares of Cigna Group in a report on Monday, August 4th. Finally, TD Cowen upgraded Cigna Group to a "strong-buy" rating in a report on Monday, June 23rd. 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 company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $374.76.

Insiders Place Their Bets

In related news, insider Nicole S. Jones sold 28,526 shares of the business's 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 sale, the insider owned 25,648 shares in the company, valued at $7,694,400. The trade was a 52.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Cigna Group Stock Up 1.2%

Shares of NYSE CI traded up $3.49 during mid-day trading on Thursday, reaching $305.93. 1,443,759 shares of the company's stock were exchanged, compared to its average volume of 1,819,749. The firm has a market capitalization of $81.66 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.88 and a beta of 0.48. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $296.08 and a 200 day simple moving average of $312.04. 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 quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.Cigna Group's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

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