Cigna Group $CI Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in shares of Cigna Group (NYSE:CI) by 402.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,398 shares of the health services provider’s stock after purchasing 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 SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CI. Wilkerson Advisory Group LLC purchased a new stake in Cigna Group in the 4th quarter worth $25,000. Osbon Capital Management LLC acquired a new stake in Cigna Group in the 2nd quarter worth about $26,000. Cedar Mountain Advisors LLC increased its stake in Cigna Group by 161.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after buying an additional 68 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Cigna Group in the 2nd quarter valued at $29,000. Finally, Fiduciary Financial Advisors purchased a new position in Cigna Group in the 2nd quarter valued at $29,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the sale, the chief accounting officer directly owned 2,368 shares in the company, valued at $707,108.48. This represents a 27.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole S. Jones sold 2,677 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $279.61, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,012 shares of company stock worth $6,386,550 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CI shares. Raymond James Financial lowered shares of Cigna Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $350.00 to $320.00 in a research report on Monday, August 3rd. Piper Sandler dropped their price target on Cigna Group from $370.00 to $346.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. UBS Group lifted their price objective on Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Mizuho boosted their price objective on Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Finally, Wall Street Zen raised Cigna Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $339.45.

Cigna Group Trading Down 0.1%

CI opened at $282.24 on Monday. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. 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 business has a fifty day simple moving average of $283.51 and a 200-day simple moving average of $281.00. The firm has a market cap of $74.58 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.31.

Cigna Group (NYSE:CI) last posted 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. 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 for the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter in the previous year, the business earned $7.20 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, equities analysts expect that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Dividend Announcement

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

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.