Everett Neville Sells 617 Shares of Cigna Group (NYSE:CI) Stock

Cigna Group (NYSE:CI) insider Everett Neville sold 617 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total transaction of $175,258.85. Following the completion of the transaction, the insider owned 5,053 shares of the company’s stock, valued at $1,435,304.65. This represents a 10.88% decrease in their position. The sale was disclosed in a 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.

Cigna Group Stock Up 0.9%

CI stock opened at $278.29 on Thursday. The firm’s 50-day moving average is $283.60 and its two-hundred day moving average is $280.78. The company has a market capitalization of $73.54 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.95 and a beta of 0.31. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.

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 net margin of 2.27% and a return on equity of 19.75%. The business had revenue of $70.04 billion during the quarter, compared to analysts’ expectations of $70.14 billion. During the same period last year, the firm posted $7.20 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, analysts forecast that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The company 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. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group’s dividend payout ratio (DPR) is presently 25.82%.

Analysts Set New Price Targets

A number of research firms have recently commented on CI. Wolfe Research reissued an “outperform” rating and issued a $315.00 price objective on shares of Cigna Group in a research note on Tuesday, June 16th. Jefferies Financial Group lowered Cigna Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Raymond James Financial cut shares of Cigna Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $350.00 to $320.00 in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Cigna Group from a “buy” rating to a “hold” rating and cut their price target for the company from $303.00 to $302.00 in a report on Wednesday, May 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cigna Group in a research report on Thursday, August 27th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $337.10.

Hedge Funds Weigh In On Cigna Group

A number of hedge funds have recently modified their holdings of CI. Sequoia Financial Advisors LLC increased its stake in Cigna Group by 14.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,092 shares of the health services provider’s stock worth $3,333,000 after purchasing an additional 1,563 shares in the last quarter. Tidal Investments LLC lifted its stake in Cigna Group by 2.9% during the second quarter. Tidal Investments LLC now owns 46,859 shares of the health services provider’s stock valued at $12,918,000 after buying an additional 1,310 shares in the last quarter. National Pension Service lifted its stake in Cigna Group by 1.1% during the second quarter. National Pension Service now owns 794,211 shares of the health services provider’s stock valued at $218,948,000 after buying an additional 8,680 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Cigna Group in the second quarter worth about $1,312,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of Cigna Group by 218.5% in the second quarter. Engineers Gate Manager LP now owns 26,087 shares of the health services provider’s stock worth $7,192,000 after buying an additional 17,897 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Cigna Group Company Profile

The Cigna Group (NYSE: CI) is a global health services company that helps individuals, employers, health plans and government organizations access health care and related services. The company operates primarily through two businesses: Cigna Healthcare, which provides medical, behavioral health, dental and other health benefit products and services, and Evernorth Health Services, which offers pharmacy, care delivery and health benefits solutions.

Evernorth includes Express Scripts, a pharmacy benefit services provider that manages prescription drug benefits and operates home delivery and specialty pharmacy services.