TD Private Client Wealth LLC Sells 6,059 Shares of Cigna Group $CI

TD Private Client Wealth LLC cut its holdings in Cigna Group (NYSE:CI) by 71.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,454 shares of the health services provider’s stock after selling 6,059 shares during the period. TD Private Client Wealth LLC’s holdings in Cigna Group were worth $707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CI. Harbor Capital Advisors Inc. increased its holdings in shares of Cigna Group by 119.5% in the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after buying an additional 49 shares during the period. Solstein Capital LLC bought a new position in Cigna Group during the 2nd quarter worth approximately $29,000. Chilton Capital Management LLC purchased a new position in Cigna Group in the 2nd quarter worth approximately $30,000. Princeton Global Asset Management LLC lifted its position in Cigna Group by 115.6% in the second quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock valued at $32,000 after purchasing an additional 52 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its position in Cigna Group by 201.0% in the second quarter. Quaker Wealth Management LLC now owns 106 shares of the health services provider’s stock valued at $35,000 after purchasing an additional 211 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Insider Activity at Cigna Group

In other Cigna Group news, CEO David Cordani acquired 4,134 shares of Cigna Group stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $241.88 per share, for a total transaction of $999,931.92. Following the acquisition, the chief executive officer owned 157,935 shares of the company’s stock, valued at $38,201,317.80. This represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CI shares. Leerink Partners decreased their target price on shares of Cigna Group from $300.00 to $270.00 in a research note on Friday, October 31st. Guggenheim restated a “buy” rating and issued a $318.00 price objective on shares of Cigna Group in a research report on Tuesday, December 2nd. Robert W. Baird decreased their price objective on shares of Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $307.00 price objective on shares of Cigna Group in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group reduced their target price on shares of Cigna Group from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Cigna Group has an average rating of “Moderate Buy” and a consensus price target of $330.48.

Cigna Group Stock Performance

Shares of CI stock opened at $277.82 on Friday. The company has a market capitalization of $74.21 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 0.95 and a beta of 0.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.76. Cigna Group has a one year low of $239.51 and a one year high of $350.00. The company’s 50-day moving average is $273.48 and its 200 day moving average is $287.81.

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

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, December 4th. Cigna Group’s dividend payout ratio is presently 26.64%.

Cigna Group Profile

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.