O Shaughnessy Asset Management LLC Grows Stock Position in Cigna Group $CI

O Shaughnessy Asset Management LLC increased its stake in Cigna Group (NYSE:CI) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,379 shares of the health services provider’s stock after acquiring an additional 11,940 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Cigna Group were worth $29,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Financial Strategies CORP acquired a new position in shares of Cigna Group in the 4th quarter valued at $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Cigna Group during the 4th quarter worth $32,000. Creative Financial Designs Inc. ADV raised its position in shares of Cigna Group by 147.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 136 shares of the health services provider’s stock worth $37,000 after buying an additional 81 shares during the period. Activest Wealth Management raised its position in shares of Cigna Group by 1,050.0% in the 4th quarter. Activest Wealth Management now owns 138 shares of the health services provider’s stock worth $38,000 after buying an additional 126 shares during the period. Finally, Entrust Financial LLC acquired a new position in Cigna Group in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Cigna Group Price Performance

CI stock opened at $289.71 on Tuesday. The stock’s 50 day moving average is $279.94 and its two-hundred day moving average is $277.41. Cigna Group has a 52-week low of $239.51 and a 52-week high of $338.89. The company has a market capitalization of $76.64 billion, a PE ratio of 12.28, a P/E/G ratio of 1.12 and a beta of 0.28. 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 issued 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. The business had revenue of $68.52 billion for the quarter, compared to analysts’ expectations of $66.29 billion. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Analysts predict that Cigna Group will post 30.39 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given 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 currently 26.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CI. Guggenheim boosted their target price on Cigna Group from $334.00 to $338.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their price target on shares of Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Morgan Stanley boosted their price objective on shares of Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Jefferies Financial Group dropped their price objective on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Cigna Group has an average rating of “Moderate Buy” and an average target price of $338.80.

Insider Activity at Cigna Group

In other news, CEO David Cordani sold 201,878 shares of Cigna Group stock in a transaction that occurred 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 sale, the chief executive officer owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Profile

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.