Sterling Capital Management LLC Raises Stock Position in Cigna Group $CI

Sterling Capital Management LLC raised its holdings in shares of Cigna Group (NYSE:CI) by 1,064.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,691 shares of the health services provider’s stock after acquiring an additional 14,344 shares during the quarter. Sterling Capital Management LLC’s holdings in Cigna Group were worth $4,186,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wilkerson Advisory Group LLC bought a new position in shares of Cigna Group in the fourth quarter worth about $25,000. Beacon Financial Strategies CORP purchased a new position in Cigna Group in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new position in Cigna Group in the 4th quarter worth approximately $29,000. Prosperity Bancshares Inc bought a new position in Cigna Group in the 4th quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Cigna Group during the 4th quarter valued at approximately $32,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. UBS Group upped their target price on shares of Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. The Goldman Sachs Group raised their target price on shares of Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Royal Bank Of Canada boosted their price target on shares of Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of Cigna Group from $300.00 to $305.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $338.30.

Insider Buying and Selling at Cigna Group

In other Cigna Group news, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total value of $59,113,915.96. Following the completion of the sale, the chief executive officer owned 34,337 shares of the company’s stock, valued at $10,054,560.34. This trade represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total value of $268,450.39. Following the transaction, the chief accounting officer directly owned 2,368 shares in the company, valued at approximately $707,108.48. This represents a 27.52% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Trading Up 0.3%

CI opened at $282.84 on Friday. The firm has a market cap of $74.82 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.09 and a beta of 0.28. Cigna Group has a 12 month low of $239.51 and a 12 month high of $338.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $284.66 and a 200 day moving average of $278.74.

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

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $1.56 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group’s payout ratio is currently 26.45%.

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.