SYSTM Wealth Solutions LLC Has $470,000 Holdings in The Cigna Group (NYSE:CI)

SYSTM Wealth Solutions LLC trimmed its position in shares of The Cigna Group (NYSE:CI) by 66.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,423 shares of the health services provider’s stock after selling 2,796 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in The Cigna Group were worth $470,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CI. Gryphon Financial Partners LLC purchased a new position in The Cigna Group during the 4th quarter worth $230,000. Independent Advisor Alliance boosted its holdings in shares of The Cigna Group by 12.9% in the fourth quarter. Independent Advisor Alliance now owns 1,481 shares of the health services provider’s stock worth $444,000 after acquiring an additional 169 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in The Cigna Group during the 4th quarter valued at about $669,000. Clearbridge Investments LLC purchased a new position in The Cigna Group during the fourth quarter valued at approximately $490,000. Finally, Sachetta LLC purchased a new position in shares of The Cigna Group during the 4th quarter valued at $90,000. 86.99% of the stock is currently owned by institutional investors.

Insider Activity at The Cigna Group

In other The Cigna Group news, insider Brian C. Evanko sold 4,795 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $345.01, for a total transaction of $1,654,322.95. Following the transaction, the insider now owns 39,923 shares in the company, valued at approximately $13,773,834.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Cigna Group news, insider Brian C. Evanko sold 4,795 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $345.01, for a total transaction of $1,654,322.95. Following the completion of the transaction, the insider now owns 39,923 shares of the company’s stock, valued at $13,773,834.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J. Delaney III sold 2,691 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $342.68, for a total transaction of $922,151.88. Following the completion of the sale, the director now directly owns 17,539 shares in the company, valued at $6,010,264.52. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $384.00 price objective on shares of The Cigna Group in a report on Monday, September 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price target on shares of The Cigna Group in a research note on Monday. Piper Sandler started coverage on shares of The Cigna Group in a research report on Wednesday, June 26th. They set an “overweight” rating and a $400.00 price objective on the stock. Stephens reaffirmed an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a report on Friday, August 2nd. Finally, StockNews.com raised The Cigna Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $392.79.

The Cigna Group Stock Performance

Shares of NYSE:CI opened at $355.39 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $346.11 and a 200-day moving average price of $344.75. The company has a market cap of $100.96 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.09 and a beta of 0.50. The Cigna Group has a 12 month low of $253.95 and a 12 month high of $370.83.

The Cigna Group (NYSE:CI) last announced its earnings results on Thursday, August 1st. The health services provider reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $6.42 by $0.30. The Cigna Group had a return on equity of 17.83% and a net margin of 1.70%. The company had revenue of $60.52 billion during the quarter, compared to the consensus estimate of $58.30 billion. During the same quarter in the prior year, the company earned $6.13 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities analysts anticipate that The Cigna Group will post 28.48 EPS for the current year.

The Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Wednesday, September 4th. The Cigna Group’s payout ratio is 45.98%.

The 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.