Cigna Group $CI Shares Sold by Mn Services Vermogensbeheer B.V.

by · The Cerbat Gem

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Cigna Group (NYSE:CI – Free Report) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,300 shares of the health services provider’s stock after selling 6,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cigna Group were worth $33,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Family Legacy Inc. increased its stake in shares of Cigna Group by 0.5% during 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 in the last quarter. Impact Investors Inc increased its stake in shares of Cigna Group by 1.6% during 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 in the last quarter. Mission Wealth Management LP increased its stake in shares of Cigna Group by 1.5% during 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 in the last quarter. Westend Capital Management LLC increased its stake in shares of Cigna Group by 8.1% during 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 in the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Cigna Group by 0.7% during 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 in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Nicole S. Jones sold 28,526 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 25,648 shares of the company’s stock, valued at $7,694,400. The trade was a 52.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CI. Guggenheim reissued a “buy” rating and set a $350.00 price objective (down from $388.00) on shares of Cigna Group in a research note on Monday, August 4th. Barclays lifted their target price on shares of Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Deutsche Bank Aktiengesellschaft set a $415.00 target price on shares of Cigna Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, TD Cowen raised shares of Cigna Group to a “strong-buy” rating in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $371.81.

Read Our Latest Stock Report on CI

Cigna Group Stock Up 0.8%

Shares of NYSE CI opened at $296.70 on Thursday. Cigna Group has a 52-week low of $256.89 and a 52-week high of $362.25. The firm has a fifty day moving average of $294.53 and a 200-day moving average of $311.79. The stock has a market capitalization of $79.20 billion, a PE ratio of 16.20, a P/E/G ratio of 0.86 and a beta of 0.48. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65.

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

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.04 annualized dividend and a dividend yield of 2.0%. Cigna Group’s payout ratio is currently 32.97%.

Cigna Group Profile

(Free Report)

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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