Mystic Asset Management Inc. Takes Position in Cigna Group $CI

Mystic Asset Management Inc. bought a new position in shares of Cigna Group (NYSE:CI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,187 shares of the health services provider’s stock, valued at approximately $2,808,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wilkerson Advisory Group LLC purchased a new stake in Cigna Group during the 4th quarter valued at approximately $25,000. Cedar Mountain Advisors LLC increased its holdings in shares of Cigna Group by 161.9% in the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 68 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Cigna Group in the second quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Cigna Group during the fourth quarter worth approximately $29,000. Finally, Prosperity Bancshares Inc purchased a new position in Cigna Group in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Activity

In other news, insider Nicole S. Jones sold 19,436 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of Cigna Group stock in a transaction on Friday, June 12th. The stock was 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 of the company’s stock, valued at approximately $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,012 shares of company stock worth $6,386,550 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Guggenheim upped their price objective on shares of Cigna Group from $338.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays lifted their target price on shares of Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Jefferies Financial Group cut shares of Cigna Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Royal Bank Of Canada raised their price objective 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. Finally, Piper Sandler lowered their price objective on 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $339.45.

Cigna Group Price Performance

Cigna Group stock opened at $274.50 on Friday. The company has a market cap of $72.53 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.95 and a beta of 0.29. Cigna Group has a one year low of $239.51 and a one year high of $315.47. The business has a fifty day moving average of $284.63 and a two-hundred day moving average of $281.41. 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, topping analysts’ consensus estimates of $7.60 by $0.18. The business had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, analysts predict that Cigna Group will post 30.51 earnings per share 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. This represents a $6.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio is presently 25.82%.

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.