Recent changes in The Cigna Group’s ownership include several institutional investors. Scotia Capital Inc. increased its shares by 13.4% in Q4, owning 2,045 shares worth $612,000 after buying 242 more. Campbell & CO raised its stake by 26.1%, now holding 3,159 shares valued at $946,000 after acquiring 653 shares. Jones Financial boosted its holdings by 12.1%, now at 1,317 shares worth $394,000. CIBC Private Wealth increased its shares by 1.8%, totaling 70,145 shares valued at $21 million after an additional 1,268 shares purchased. Tower Research Capital raised its stake by 221.7%, owning 38,256 shares now worth $11.5 million after buying 26,364 shares. Overall, institutional investors control 86.99% of the stock.
Insider Sales
Director William J. Delaney III sold 2,691 shares on August 19 for about $922,152, valuing his remaining shares at $6 million. Insiders own 0.60% of the stock.
Analyst Ratings
CI received several analyst ratings: Stephens has a price target of $410, Piper Sandler set theirs at $400, and Barclays raised theirs to $405. StockNews.com upgraded the rating to strong-buy. The average price target is $392.79 with 13 buy ratings and two strong buy ratings.
Recent Stock Performance
The Cigna Group (NYSE:CI) shares fell 2.1% to $340.64. The stock has seen a 12-month range between $253.95 and $370.83. It has a market cap of $96.77 billion, a P/E ratio of 27.97, and reported $6.72 EPS in its last quarter, exceeding expectations.
Dividend Information
The company paid a quarterly dividend of $1.40 on September 19, yielding 1.64% with a payout ratio of 45.98%.
About The Cigna Group
The Cigna Group provides insurance and health-related services in the U.S., including pharmacy benefits and care management.
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