Segment Wealth Management LLC Has $323,000 Stock Holdings in Cigna Group $CI

Segment Wealth Management LLC cut its holdings in Cigna Group (NYSE:CI) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 977 shares of the health services provider’s stock after selling 50 shares during the quarter. Segment Wealth Management LLC’s holdings in Cigna Group were worth $323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modern Wealth Management LLC boosted its holdings in Cigna Group by 91.3% in 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 acquiring an additional 1,494 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Cigna Group by 3.9% in the second quarter. Janney Montgomery Scott LLC now owns 35,943 shares of the health services provider’s stock valued at $11,882,000 after acquiring an additional 1,357 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Cigna Group by 277.5% in the first quarter. Acadian Asset Management LLC now owns 8,274 shares of the health services provider’s stock valued at $2,718,000 after acquiring an additional 6,082 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Cigna Group in the first quarter valued at about $431,000. Finally, NBC Securities Inc. bought a new position in Cigna Group in the first quarter valued at about $123,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cigna Group

In related news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction that occurred on Friday, August 15th. The stock was 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 of the company’s stock, valued at approximately $7,694,400. This trade represents a 52.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CI. Deutsche Bank Aktiengesellschaft set a $415.00 price target on Cigna Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Royal Bank Of Canada restated an “outperform” rating and set a $371.00 target price on shares of Cigna Group in a report on Thursday, June 26th. Cantor Fitzgerald restated an “overweight” rating and set a $365.00 target price on shares of Cigna Group in a report on Tuesday, August 26th. Wall Street Zen cut Cigna Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cigna Group in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.81.

Cigna Group Trading Up 4.8%

NYSE CI opened at $311.24 on Friday. The firm has a market cap of $83.08 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.91 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. The stock’s 50-day moving average is $292.41 and its 200-day moving average is $309.73. Cigna Group has a one year low of $256.89 and a one year high of $358.88.

Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping analysts’ consensus estimates of $7.15 by $0.05. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The company had revenue of $67.13 billion for the quarter, compared to analyst estimates of $62.61 billion. During the same quarter last year, the firm posted $6.72 earnings per share. Cigna Group’s revenue was up 11.0% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group’s dividend payout ratio (DPR) is currently 32.97%.

Cigna Group Company 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.