Russell Investments Group Ltd. Purchases 28,893 Shares of Cigna Group $CI

Russell Investments Group Ltd. grew its position in Cigna Group (NYSE:CI) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 746,304 shares of the health services provider’s stock after buying an additional 28,893 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cigna Group were worth $215,083,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock worth $1,032,000 after acquiring an additional 318 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Cigna Group by 10.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider’s stock valued at $384,000 after purchasing an additional 109 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of Cigna Group by 5.8% in the 2nd quarter. Modera Wealth Management LLC now owns 1,701 shares of the health services provider’s stock valued at $562,000 after purchasing an additional 93 shares in the last quarter. Savant Capital LLC lifted its position in shares of Cigna Group by 6.9% in the 2nd quarter. Savant Capital LLC now owns 15,701 shares of the health services provider’s stock worth $5,190,000 after purchasing an additional 1,009 shares during the period. Finally, Bryn Mawr Trust Advisors LLC lifted its position in shares of Cigna Group by 7.5% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 962 shares of the health services provider’s stock worth $318,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Insider Buying and Selling at Cigna Group

In related news, insider Nicole S. Jones sold 2,307 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total transaction of $666,515.37. Following the transaction, the insider directly owned 32,647 shares in the company, valued at $9,432,044.77. The trade was a 6.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Everett Neville sold 1,719 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $288.91, for a total value of $496,636.29. Following the transaction, the insider directly owned 5,670 shares in the company, valued at $1,638,119.70. This represents a 23.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is owned by insiders.

Cigna Group Trading Down 3.5%

NYSE CI opened at $271.50 on Monday. Cigna Group has a 52 week low of $239.51 and a 52 week high of $350.00. The company has a 50 day moving average price of $280.71 and a 200 day moving average price of $283.97. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a market cap of $71.55 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.94 and a beta of 0.27.

Cigna Group (NYSE:CI) last announced its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, beating the consensus estimate of $7.88 by $0.20. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. The company had revenue of $72.50 billion during the quarter, compared to the consensus estimate of $69.53 billion. During the same period last year, the firm earned $6.64 earnings per share. Cigna Group’s revenue was up 10.4% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.250- EPS. As a group, sell-side analysts forecast that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s payout ratio is 28.13%.

Analyst Ratings Changes

Several brokerages recently issued reports on CI. Truist Financial lifted their price objective on shares of Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Guggenheim restated a “buy” rating and set a $318.00 target price on shares of Cigna Group in a report on Monday, February 2nd. Leerink Partners increased their target price on Cigna Group from $270.00 to $297.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cigna Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.42.

About Cigna Group

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.