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Rep. Julie Johnson Purchases Shares of The Cigna Group (NYSE:CI)

The Cigna Group logo with Medical background

Representative Julie Johnson (D-Texas) recently bought shares of The Cigna Group NYSE: CI. In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in The Cigna Group stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.

Representative Julie Johnson also recently made the following trade(s):

  • Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
  • Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
  • Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
  • Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
  • Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
  • Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.

The Cigna Group Price Performance

CI stock traded down $7.70 during trading on Monday, hitting $292.12. 1,579,577 shares of the stock traded hands, compared to its average volume of 1,953,796. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The stock has a market cap of $81.25 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 0.94 and a beta of 0.54. The company has a 50 day simple moving average of $286.46 and a 200 day simple moving average of $320.67. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

The Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same quarter in the prior year, the company earned $6.79 EPS. Equities analysts expect that The Cigna Group will post 29.8 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $1.51 per share. This is an increase from The Cigna Group's previous quarterly dividend of $1.40. This represents a $6.04 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, March 5th. The Cigna Group's dividend payout ratio (DPR) is currently 45.75%.

Analysts Set New Price Targets

CI has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of The Cigna Group from $370.00 to $341.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Raymond James reiterated a "strong-buy" rating and set a $360.00 target price (down from $415.00) on shares of The Cigna Group in a research report on Friday, January 31st. Truist Financial reduced their target price on shares of The Cigna Group from $390.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Oppenheimer decreased their price objective on The Cigna Group from $400.00 to $375.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Finally, Sanford C. Bernstein cut The Cigna Group from an "outperform" rating to a "market perform" rating and set a $323.00 target price for the company. in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $373.69.

Get Our Latest Research Report on The Cigna Group

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CI. AMF Tjanstepension AB lifted its holdings in The Cigna Group by 18.6% during the third quarter. AMF Tjanstepension AB now owns 73,600 shares of the health services provider's stock worth $25,511,000 after acquiring an additional 11,550 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of The Cigna Group by 5,543.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,700 shares of the health services provider's stock valued at $1,975,000 after purchasing an additional 5,599 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in shares of The Cigna Group by 1.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 2,234 shares of the health services provider's stock valued at $774,000 after purchasing an additional 39 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of The Cigna Group in the third quarter valued at about $149,000. Finally, CX Institutional lifted its holdings in shares of The Cigna Group by 115.4% in the third quarter. CX Institutional now owns 33,315 shares of the health services provider's stock valued at $11,542,000 after purchasing an additional 17,852 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About The Cigna Group

(Get Free Report)

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.

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