VIRGINIA RETIREMENT SYSTEMS ET Al Takes $58.41 Million Position in Cigna Group $CI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Cigna Group (NYSE:CI) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 176,700 shares of the health services provider’s stock, valued at approximately $58,413,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after acquiring an additional 318 shares during the period. GAMMA Investing LLC raised its holdings in Cigna Group by 79.0% during the first quarter. GAMMA Investing LLC now owns 5,394 shares of the health services provider’s stock worth $1,775,000 after purchasing an additional 2,381 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in Cigna Group by 17.8% during the first quarter. CWA Asset Management Group LLC now owns 932 shares of the health services provider’s stock worth $306,000 after purchasing an additional 141 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in Cigna Group during the first quarter worth $233,000. Finally, Blue Trust Inc. grew its holdings in Cigna Group by 16.4% in the first quarter. Blue Trust Inc. now owns 2,245 shares of the health services provider’s stock valued at $739,000 after purchasing an additional 316 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cigna Group

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

Analysts Set New Price Targets

Several equities research analysts recently commented on CI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cigna Group in a research report on Wednesday, October 8th. Guggenheim restated a “buy” rating and set a $350.00 target price (down previously from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $371.00 price target on shares of Cigna Group in a research report on Thursday, June 26th. Wall Street Zen cut shares of Cigna Group from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Wolfe Research reduced their target price on Cigna Group from $345.00 to $325.00 and set an “outperform” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $369.89.

Cigna Group Stock Performance

NYSE:CI opened at $299.81 on Friday. 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 firm has a market cap of $80.03 billion, a PE ratio of 16.37, a P/E/G ratio of 0.88 and a beta of 0.45. The firm has a 50 day simple moving average of $297.27 and a 200-day simple moving average of $308.13. Cigna Group has a 1-year low of $256.89 and a 1-year high of $353.55.

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

Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 yield of 2.0%. Cigna Group’s dividend payout ratio is 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.