Insider Selling: Cigna Group (NYSE:CI) CEO Sells $59,113,915.96 in Stock

Cigna Group (NYSE:CI) CEO David Cordani sold 201,878 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the transaction, the chief executive officer owned 34,337 shares in the company, valued at approximately $10,054,560.34. This trade represents a 85.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cigna Group Stock Performance

Shares of CI opened at $285.25 on Friday. The company’s fifty day moving average is $274.95 and its 200-day moving average is $275.97. Cigna Group has a 12 month low of $239.51 and a 12 month high of $338.89. The firm has a market cap of $75.46 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.00 and a beta of 0.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, topping the consensus estimate of $7.60 by $0.19. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The company had revenue of $68.52 billion for the quarter, compared to analyst estimates of $66.29 billion. During the same quarter in the prior year, the business posted $6.74 EPS. Cigna Group’s quarterly revenue was up 4.6% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Equities analysts expect that Cigna Group will post 30.39 EPS for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $1.56 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group’s dividend payout ratio is 26.45%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of Cigna Group from $303.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Mizuho set a $330.00 target price on shares of Cigna Group in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cigna Group from $301.00 to $304.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Jefferies Financial Group lowered their target price on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Truist Financial raised their target price on shares of Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $338.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wilkerson Advisory Group LLC acquired a new stake in Cigna Group in the 4th quarter worth $25,000. Beacon Financial Strategies CORP acquired a new stake in Cigna Group in the 4th quarter worth $28,000. Cedar Mountain Advisors LLC grew its position in Cigna Group by 161.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Cigna Group in the 4th quarter worth $29,000. Finally, Prosperity Bancshares Inc acquired a new stake in Cigna Group in the 4th quarter worth $29,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.