SPC Financial Inc. Sells 130 Shares of Cigna Group $CI

SPC Financial Inc. decreased its holdings in Cigna Group (NYSE:CI) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,704 shares of the health services provider’s stock after selling 130 shares during the quarter. SPC Financial Inc.’s holdings in Cigna Group were worth $1,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new stake in Cigna Group in the first quarter worth $28,000. 1248 Management LLC purchased a new stake in Cigna Group in the first quarter worth $29,000. Activest Wealth Management lifted its stake in Cigna Group by 360.0% in the first 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. Retirement Wealth Solutions LLC lifted its stake in Cigna Group by 74.1% in the second quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock worth $33,000 after acquiring an additional 43 shares during the period. Finally, Saudi Central Bank purchased a new stake in Cigna Group in the first quarter worth $36,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Insider Buying and Selling at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the completion of the transaction, the insider directly owned 25,648 shares in the company, valued at $7,694,400. This trade represents a 52.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian C. Evanko sold 5,368 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $300.00, for a total value of $1,610,400.00. Following the transaction, the insider owned 51,182 shares of the company’s stock, valued at $15,354,600. The trade was a 9.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cigna Group in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and set a $371.00 price objective on shares of Cigna Group in a research report on Thursday, June 26th. Wall Street Zen lowered Cigna Group from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. TD Cowen raised Cigna Group to a “strong-buy” rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company raised their price objective on Cigna Group from $340.00 to $354.00 and gave the company an “equal weight” rating in a research report on Tuesday. Two equities research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $372.69.

Cigna Group Price Performance

Shares of NYSE:CI opened at $301.00 on Friday. Cigna Group has a 1-year low of $256.89 and a 1-year high of $358.88. 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 business has a fifty day moving average price of $294.68 and a 200-day moving average price of $309.23. The company has a market capitalization of $80.35 billion, a PE ratio of 16.43, a PEG ratio of 0.88 and a beta of 0.45.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.15 by $0.05. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The firm had revenue of $67.13 billion during the quarter, compared to the consensus estimate of $62.61 billion. During the same period last year, the company earned $6.72 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued 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 2.0%. 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.