Aaron Wealth Advisors LLC Grows Position in The Cigna Group (NYSE:CI)

Aaron Wealth Advisors LLC raised its holdings in shares of The Cigna Group (NYSE:CI) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 973 shares of the health services provider’s stock after buying an additional 136 shares during the period. Aaron Wealth Advisors LLC’s holdings in The Cigna Group were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CI. Capital Asset Advisory Services LLC lifted its stake in shares of The Cigna Group by 2.3% in the 1st quarter. Capital Asset Advisory Services LLC now owns 1,280 shares of the health services provider’s stock valued at $464,000 after purchasing an additional 29 shares during the period. Hanson & Doremus Investment Management raised its position in shares of The Cigna Group by 3.5% in the first quarter. Hanson & Doremus Investment Management now owns 867 shares of the health services provider’s stock worth $315,000 after acquiring an additional 29 shares during the period. Capital Advisors Ltd. LLC boosted its stake in shares of The Cigna Group by 10.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 335 shares of the health services provider’s stock worth $122,000 after acquiring an additional 32 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of The Cigna Group by 2.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 1,122 shares of the health services provider’s stock valued at $371,000 after acquiring an additional 32 shares during the period. Finally, First Financial Corp IN increased its stake in shares of The Cigna Group by 17.2% in the 1st quarter. First Financial Corp IN now owns 225 shares of the health services provider’s stock valued at $82,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CI shares. Robert W. Baird initiated coverage on The Cigna Group in a report on Thursday, May 30th. They issued an “outperform” rating and a $388.00 price objective on the stock. StockNews.com raised shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Oppenheimer upped their price target on shares of The Cigna Group from $370.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price objective on The Cigna Group from $435.00 to $438.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Baird R W upgraded The Cigna Group to a “strong-buy” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, The Cigna Group has a consensus rating of “Buy” and a consensus price target of $384.86.

Insider Buying and Selling

In other news, Director Elder Granger sold 547 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $331.38, for a total value of $181,264.86. Following the transaction, the director now directly owns 5,471 shares in the company, valued at approximately $1,812,979.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director William J. Delaney III sold 2,691 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $342.68, for a total value of $922,151.88. Following the completion of the transaction, the director now owns 17,539 shares in the company, valued at approximately $6,010,264.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Elder Granger sold 547 shares of The Cigna Group stock in a transaction on Monday, June 17th. The stock was sold at an average price of $331.38, for a total transaction of $181,264.86. Following the sale, the director now owns 5,471 shares in the company, valued at $1,812,979.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,033 shares of company stock valued at $3,095,820. 0.60% of the stock is currently owned by insiders.

The Cigna Group Trading Down 0.1 %

Shares of CI traded down $0.40 during mid-day trading on Wednesday, reaching $342.20. The stock had a trading volume of 694,535 shares, compared to its average volume of 1,549,809. The Cigna Group has a 52-week low of $253.95 and a 52-week high of $365.71. The firm has a market cap of $97.21 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.02 and a beta of 0.52. The business’s fifty day moving average is $335.31 and its 200 day moving average is $341.73. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71.

The Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, August 1st. The health services provider reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.42 by $0.30. The Cigna Group had a net margin of 1.70% and a return on equity of 17.83%. The business had revenue of $60.52 billion during the quarter, compared to the consensus estimate of $58.30 billion. During the same quarter last year, the firm earned $6.13 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts predict that The Cigna Group will post 28.4 EPS for the current fiscal year.

The Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Wednesday, September 4th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, September 4th. The Cigna Group’s payout ratio is 45.98%.

The 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.