California State Teachers Retirement System Decreases Stock Holdings in Cigna Group $CI

California State Teachers Retirement System lowered its stake in Cigna Group (NYSE:CI - Free Report) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,852 shares of the health services provider's stock after selling 18,802 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Cigna Group worth $106,647,359 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CI. Guardian Wealth Advisors LLC NC boosted its stake in Cigna Group by 47.0% in the second quarter. Guardian Wealth Advisors LLC NC now owns 1,104 shares of the health services provider's stock valued at $304,000 after acquiring an additional 353 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Cigna Group by 22.7% during the 2nd quarter. Wedmont Private Capital now owns 9,217 shares of the health services provider's stock worth $2,705,000 after purchasing an additional 1,708 shares during the period. HB Wealth Management LLC increased its position in shares of Cigna Group by 7.7% during the 2nd quarter. HB Wealth Management LLC now owns 20,629 shares of the health services provider's stock valued at $5,687,000 after purchasing an additional 1,483 shares during the last quarter. Saudi Central Bank raised its holdings in Cigna Group by 8.0% in the second quarter. Saudi Central Bank now owns 115,702 shares of the health services provider's stock worth $32,458,000 after purchasing an additional 8,596 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of Cigna Group in the second quarter worth $1,173,000. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analyst Weigh In

CI has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Cigna Group from $355.00 to $361.00 and gave the company an "overweight" rating in a research note on Wednesday, May 20th. Evercore assumed coverage on Cigna Group in a research note on Wednesday, September 9th. They issued an "in-line" rating and a $290.00 price target on the stock. UBS Group lifted 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. Wells Fargo & Company lifted their price target on shares of Cigna Group from $305.00 to $307.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. Finally, Guggenheim boosted their price objective on shares of Cigna Group from $338.00 to $361.00 and gave the company a "buy" rating in a report on Friday, July 31st. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $337.10.

Cigna Group Trading Up 0.1%

Shares of Cigna Group stock traded up $0.41 during trading on Tuesday, hitting $290.46. The stock had a trading volume of 443,105 shares, compared to its average volume of 1,671,949. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47. The stock has a market cap of $76.75 billion, a PE ratio of 12.01, a PEG ratio of 0.96 and a beta of 0.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. The firm's fifty day simple moving average is $283.48 and its 200-day simple moving average is $280.83.

Cigna Group (NYSE:CI - Get Free Report) last released its earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.60 by $0.18. The business had revenue of $70.04 billion during the quarter, compared to analyst estimates of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, sell-side analysts expect that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, September 8th. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. Cigna Group's dividend payout ratio (DPR) is presently 25.82%.

Insider Activity

In other Cigna Group news, insider Everett Neville sold 617 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $284.05, for a total value of $175,258.85. Following the sale, the insider owned 5,053 shares in the company, valued at approximately $1,435,304.65. The trade was a 10.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole S. Jones sold 19,436 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total value of $5,369,583.72. Following the completion of the sale, the insider directly owned 27,256 shares of the company's stock, valued at $7,530,015.12. This represents a 41.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,730 shares of company stock valued at $6,293,359 in the last three months. 0.60% of the stock is owned by insiders.

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.

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