17,201 Shares in Cigna Group $CI Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new stake in shares of Cigna Group (NYSE:CI) in the third quarter, Holdings Channel.com reports. The fund bought 17,201 shares of the health services provider’s stock, valued at approximately $4,958,000. Cigna Group accounts for 0.8% of Oak Thistle LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CI. Flaharty Asset Management LLC bought a new stake in shares of Cigna Group in the 1st quarter valued at $28,000. 1248 Management LLC acquired a new position in Cigna Group in the first quarter valued at $29,000. Solstein Capital LLC acquired a new position in Cigna Group in the second quarter valued at $29,000. Chilton Capital Management LLC bought a new stake in Cigna Group during the second quarter valued at $30,000. Finally, Activest Wealth Management grew its holdings in Cigna Group by 360.0% during the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insiders Place Their Bets

In other Cigna Group news, CEO David Cordani bought 4,134 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $241.88 per share, with a total value of $999,931.92. Following the transaction, the chief executive officer directly owned 157,935 shares in the company, valued at $38,201,317.80. This trade represents a 2.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian C. Evanko sold 5,368 shares of Cigna Group stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $300.00, for a total value of $1,610,400.00. Following the sale, 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 is available in the SEC filing. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CI has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $355.00 price objective on shares of Cigna Group in a research note on Friday, October 31st. Truist Financial lowered their target price on Cigna Group from $375.00 to $310.00 in a report on Friday, October 31st. Sanford C. Bernstein cut their price target on Cigna Group from $346.00 to $294.00 and set a “market perform” rating on the stock in a report on Wednesday, November 12th. TD Cowen reduced their price objective on shares of Cigna Group from $387.00 to $333.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Cigna Group from $415.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $331.83.

Cigna Group Price Performance

Shares of CI opened at $276.12 on Wednesday. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00. The stock has a market cap of $73.76 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.01 and a beta of 0.26. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average is $279.29 and its 200 day moving average is $293.37.

Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, October 30th. The health services provider reported $7.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.64 by $0.19. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.The business had revenue of $69.57 billion during the quarter, compared to the consensus estimate of $66.40 billion. During the same quarter in the previous year, the business earned $7.51 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $1.51 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $6.04 annualized dividend and a yield of 2.2%. Cigna Group’s payout ratio is currently 26.64%.

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.