Insider Selling: Cigna Group (NYSE:CI) Insider Sells $748,515.97 in Stock

Cigna Group (NYSE:CI) insider Nicole Jones sold 2,677 shares of Cigna Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $279.61, for a total value of $748,515.97. Following the completion of the transaction, the insider owned 25,880 shares of the company’s stock, valued at approximately $7,236,306.80. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cigna Group Price Performance

Shares of NYSE CI opened at $276.19 on Friday. The stock’s 50-day moving average is $284.20 and its two-hundred day moving average is $281.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. Cigna Group has a 1-year low of $239.51 and a 1-year high of $315.47. The company has a market cap of $72.98 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.95 and a beta of 0.29.

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

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be issued 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 2.3%. Cigna Group’s dividend payout ratio (DPR) is 25.82%.

Hedge Funds Weigh In On Cigna Group

Hedge funds have recently added to or reduced their stakes in the stock. Saudi Central Bank boosted its holdings in shares of Cigna Group by 8.0% in the 2nd quarter. Saudi Central Bank now owns 115,702 shares of the health services provider’s stock valued at $32,458,000 after buying an additional 8,596 shares in the last quarter. Compass Financial Management LLC acquired a new stake in Cigna Group during the 2nd quarter worth $1,173,000. NBH Bank acquired a new stake in Cigna Group during the 2nd quarter worth $49,000. AlphaGrep UK Ltd purchased a new stake in Cigna Group in the second quarter valued at $408,000. Finally, Shah Wealth Advisors LLC purchased a new stake in Cigna Group in the second quarter valued at $819,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CI shares. Jefferies Financial Group cut shares of Cigna Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Sanford C. Bernstein raised their price objective on shares of Cigna Group from $371.00 to $381.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. UBS Group lifted their price objective 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. Deutsche Bank Aktiengesellschaft downgraded shares of Cigna Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $303.00 to $302.00 in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group raised their price target on Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $339.45.

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.