Willner & Heller LLC Has $532,000 Stock Position in Cigna Group $CI

Willner & Heller LLC reduced its holdings in shares of Cigna Group (NYSE:CI) by 3.2% in the second quarter, Holdings Channel reports. The institutional investor owned 1,610 shares of the health services provider’s stock after selling 54 shares during the period. Willner & Heller LLC’s holdings in Cigna Group were worth $532,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Modern Wealth Management LLC grew its holdings in shares of Cigna Group by 91.3% during the first quarter. Modern Wealth Management LLC now owns 3,130 shares of the health services provider’s stock valued at $1,030,000 after buying an additional 1,494 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Cigna Group by 277.5% during the first quarter. Acadian Asset Management LLC now owns 8,274 shares of the health services provider’s stock worth $2,718,000 after purchasing an additional 6,082 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Cigna Group during the first quarter worth about $431,000. NBC Securities Inc. purchased a new position in Cigna Group during the first quarter worth about $123,000. Finally, Integrity Alliance LLC. purchased a new position in Cigna Group during the first quarter worth about $617,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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 shares were sold at an average price of $300.00, for a total value of $8,557,800.00. Following the sale, the insider owned 25,648 shares in the company, valued at approximately $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $371.00 price target on shares of Cigna Group in a report on Thursday, June 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cigna Group in a research report on Saturday, September 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $365.00 price objective on shares of Cigna Group in a research note on Tuesday, August 26th. Wall Street Zen cut shares of Cigna Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Truist Financial set a $375.00 price objective on shares of Cigna Group in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and an average target price of $371.81.

Cigna Group Stock Up 4.8%

Shares of NYSE CI opened at $311.24 on Friday. The firm has a market capitalization of $83.08 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.87 and a beta of 0.45. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Cigna Group has a 12 month low of $256.89 and a 12 month high of $358.88. The firm has a fifty day simple moving average of $292.41 and a two-hundred day simple moving average of $309.81.

Cigna Group (NYSE:CI) 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 during 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%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.51 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.04 annualized dividend and a dividend yield of 1.9%. Cigna Group’s dividend payout ratio (DPR) is presently 32.97%.

Cigna Group 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.