Russell Investments Group Ltd. Purchases 19,937 Shares of Cigna Group $CI

Russell Investments Group Ltd. lifted its holdings in Cigna Group (NYSE:CI) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,481 shares of the health services provider’s stock after acquiring an additional 19,937 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of Cigna Group worth $233,023,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Cigna Group by 10.0% in the first quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock worth $17,515,000 after acquiring an additional 5,963 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Cigna Group by 41.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,348,713 shares of the health services provider’s stock valued at $371,206,000 after purchasing an additional 392,978 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Cigna Group by 12.1% in the second quarter. Handelsbanken Fonder AB now owns 82,825 shares of the health services provider’s stock valued at $22,833,000 after purchasing an additional 8,960 shares in the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Cigna Group by 297.0% in the fourth quarter. WASHINGTON TRUST Co now owns 5,296 shares of the health services provider’s stock valued at $1,458,000 after purchasing an additional 3,962 shares in the last quarter. Finally, CWM LLC raised its position in Cigna Group by 12.7% in the 4th quarter. CWM LLC now owns 84,803 shares of the health services provider’s stock worth $23,340,000 after purchasing an additional 9,566 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Jamie G. Kates sold 899 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the completion of the sale, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at $707,108.48. This represents a 27.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole S. Jones sold 19,436 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the sale, the insider owned 27,256 shares in the company, valued at $7,530,015.12. This represents a 41.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 Stock Performance

Shares of Cigna Group stock opened at $282.24 on Friday. The firm has a fifty day moving average of $286.02 and a two-hundred day moving average of $281.28. The stock has a market capitalization of $74.58 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.97 and a beta of 0.29. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share 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 company had revenue of $70.04 billion for the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter in the prior year, the business posted $7.20 EPS. The firm’s quarterly revenue 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 research analysts predict that Cigna Group will post 30.51 EPS for the current 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 paid a $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $6.24 annualized dividend and a yield of 2.2%. Cigna Group’s dividend payout ratio is presently 25.82%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cigna Group in a report on Monday, June 1st. Raymond James Financial downgraded Cigna Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $350.00 to $320.00 in a research report on Monday, August 3rd. Jefferies Financial Group lowered Cigna Group from a “buy” rating to a “hold” rating and cut their price target for the company from $336.00 to $307.00 in a research note on Tuesday, August 4th. UBS Group raised their price target on Cigna Group from $375.00 to $400.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Barclays raised their price target on Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $339.45.

Cigna Group Company 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.