Vanguard Personalized Indexing Management LLC Grows Position in Cigna Group $CI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Cigna Group by 17.0% during the 2nd quarter, now holding 45,805 shares worth approximately $15.2 million.
• Insider trading activity included Nicole S. Jones selling 28,526 shares for $8.6 million, reflecting a 52.66% decrease in her ownership, while Brian C. Evanko sold 5,368 shares with a 9.49% decrease in his stake.
• Cigna Group recently reported earnings per share of $7.20, surpassing analyst expectations, and a total revenue of $67.13 billion for the quarter, indicating an 11.0% year-over-year increase.

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 17.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,805 shares of the health services provider's stock after purchasing an additional 6,672 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Cigna Group were worth $15,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CI. Brighton Jones LLC lifted its holdings in Cigna Group by 9.3% during the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock valued at $1,032,000 after purchasing an additional 318 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Cigna Group by 79.0% during the first quarter. GAMMA Investing LLC now owns 5,394 shares of the health services provider's stock valued at $1,775,000 after purchasing an additional 2,381 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Cigna Group by 3.4% during the first quarter. Fifth Third Bancorp now owns 26,314 shares of the health services provider's stock valued at $8,657,000 after purchasing an additional 874 shares during the last quarter. Thomasville National Bank purchased a new stake in Cigna Group during the first quarter valued at about $201,000. Finally, NorthCrest Asset Manangement LLC lifted its holdings in Cigna Group by 14.6% during the first quarter. NorthCrest Asset Manangement LLC now owns 11,327 shares of the health services provider's stock valued at $3,727,000 after purchasing an additional 1,446 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction that occurred on 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 directly owned 25,648 shares in the company, valued at $7,694,400. This trade represents a 52.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian C. Evanko sold 5,368 shares of the stock in a transaction that occurred on 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 $15,354,600. The trade was a 9.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Cigna Group Trading Down 1.7%

Shares of CI opened at $301.00 on Friday. The firm's 50 day simple moving average is $294.68 and its 200 day simple moving average is $309.23. The company has a market capitalization of $80.35 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.88 and a beta of 0.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. Cigna Group has a 1-year low of $256.89 and a 1-year high of $358.88.

Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, beating analysts' consensus estimates of $7.15 by $0.05. The business had revenue of $67.13 billion for 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%. Cigna Group's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts forecast that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group's dividend payout ratio (DPR) is currently 32.97%.

Analyst Ratings Changes

CI has been the topic of a number of recent analyst reports. Truist Financial set a $375.00 price target on shares of Cigna Group in a report on Tuesday, September 2nd. Guggenheim reissued a "buy" rating and issued a $350.00 price target (down from $388.00) on shares of Cigna Group in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $415.00 price target on shares of Cigna Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald reissued an "overweight" rating and issued a $365.00 price target on shares of Cigna Group in a report on Tuesday, August 26th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Cigna Group in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Cigna Group presently has a consensus rating of "Moderate Buy" and an average price target of $372.69.

About Cigna Group

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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