HighTower Advisors LLC Boosts Stock Holdings in Cigna Group $CI

HighTower Advisors LLC grew its holdings in Cigna Group (NYSE:CI) by 402.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 354,398 shares of the health services provider’s stock after buying an additional 283,897 shares during the quarter. HighTower Advisors LLC’s holdings in Cigna Group were worth $97,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Alexander Randolph Advisory Inc. raised its holdings in Cigna Group by 1.3% during the 2nd quarter. Alexander Randolph Advisory Inc. now owns 8,194 shares of the health services provider’s stock valued at $2,259,000 after acquiring an additional 106 shares during the period. Affinity Investment Advisors LLC lifted its position in shares of Cigna Group by 21.1% during the second quarter. Affinity Investment Advisors LLC now owns 6,024 shares of the health services provider’s stock worth $1,661,000 after acquiring an additional 1,051 shares in the last quarter. KBC Group NV boosted its holdings in shares of Cigna Group by 6.4% in the second quarter. KBC Group NV now owns 380,034 shares of the health services provider’s stock worth $104,768,000 after acquiring an additional 22,978 shares during the period. PDS Planning Inc grew its position in shares of Cigna Group by 15.1% in the second quarter. PDS Planning Inc now owns 2,160 shares of the health services provider’s stock valued at $595,000 after purchasing an additional 283 shares in the last quarter. Finally, North Dakota State Investment Board grew its position in shares of Cigna Group by 2.6% in the second quarter. North Dakota State Investment Board now owns 7,834 shares of the health services provider’s stock valued at $2,160,000 after purchasing an additional 202 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Cigna Group Price Performance

Shares of NYSE CI opened at $282.24 on Friday. The firm has a market capitalization of $74.58 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.29. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. The stock’s 50-day simple moving average is $286.02 and its two-hundred day simple moving average is $281.28. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.60 by $0.18. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The firm had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter last year, the company posted $7.20 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, equities analysts anticipate that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be given a dividend of $1.56 per share. The ex-dividend date is Tuesday, September 8th. This represents a $6.24 annualized dividend and a yield of 2.2%. Cigna Group’s payout ratio is presently 25.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CI shares. Deutsche Bank Aktiengesellschaft cut Cigna Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $303.00 to $302.00 in a report on Wednesday, May 20th. Mizuho upped their price target on Cigna Group from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. The Goldman Sachs Group increased their price target on shares of Cigna Group from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Raymond James Financial lowered shares of Cigna Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $350.00 to $320.00 in a research report on Monday, August 3rd. Finally, Piper Sandler decreased their target price on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $339.45.

Insider Activity at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 19,436 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total value of $5,369,583.72. Following the completion of the transaction, the insider owned 27,256 shares of the company’s stock, valued at $7,530,015.12. The trade was a 41.63% decrease in their position. The transaction was disclosed in a filing 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 stock in a transaction on Friday, June 12th. The stock was sold at an average price of $298.61, for a total transaction of $268,450.39. Following the completion of the transaction, the chief accounting officer directly owned 2,368 shares in the company, valued at $707,108.48. The trade was a 27.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

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.