Cigna Group $CI Stock Acquired by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Cigna stake by 45.9% in the second quarter, bringing its holdings to 19,015 shares valued at approximately $5.24 million. Institutional investors collectively own 86.99% of Cigna’s stock.
• Cigna insiders sold shares under pre-arranged Rule 10b5-1 plans, including 22,730 shares worth roughly $6.29 million over the last quarter.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $337.10. Cigna recently exceeded quarterly earnings expectations, reported 6.7% year-over-year revenue growth, and pays an annualized dividend of $6.24 per share.

Envestnet Portfolio Solutions Inc. boosted its holdings in Cigna Group (NYSE:CI - Free Report) by 45.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,015 shares of the health services provider's stock after acquiring an additional 5,985 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Cigna Group were worth $5,242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Evercore Wealth Management LLC increased its holdings in shares of Cigna Group by 2.8% in the 1st quarter. Evercore Wealth Management LLC now owns 1,301 shares of the health services provider's stock worth $347,000 after buying an additional 35 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Cigna Group by 11.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 363 shares of the health services provider's stock valued at $100,000 after buying an additional 36 shares in the last quarter. Independence Bank of Kentucky raised its holdings in shares of Cigna Group by 2.6% during the 2nd quarter. Independence Bank of Kentucky now owns 1,483 shares of the health services provider's stock valued at $409,000 after buying an additional 37 shares in the last quarter. West Family Investments Inc. lifted its position in Cigna Group by 4.2% in the 2nd quarter. West Family Investments Inc. now owns 919 shares of the health services provider's stock worth $253,000 after buying an additional 37 shares during the last quarter. Finally, Whetstone Capital Advisors LLC lifted its position in Cigna Group by 4.9% in the 4th quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider's stock worth $228,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

Insider Buying and Selling

In other news, insider Everett Neville sold 617 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $284.05, for a total transaction of $175,258.85. Following the transaction, the insider directly owned 5,053 shares of the company's stock, valued at approximately $1,435,304.65. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole Jones sold 2,677 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 25,880 shares of the company's stock, valued at approximately $7,236,306.80. This represents a 9.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 22,730 shares of company stock worth $6,293,359. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

CI has been the subject of a number of research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cigna Group in a research note on Thursday, August 27th. Jefferies Financial Group cut shares of Cigna Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $336.00 to $307.00 in a research report on Tuesday, August 4th. Sanford C. Bernstein boosted their price target on shares of Cigna Group from $371.00 to $381.00 and gave the stock an "outperform" rating in a research note on Thursday, July 9th. Barclays upped their price target on shares of Cigna Group from $304.00 to $310.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company lifted their price objective on Cigna Group from $305.00 to $307.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $337.10.

Cigna Group Price Performance

CI stock opened at $265.54 on Friday. The stock has a market capitalization of $70.16 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.94 and a beta of 0.31. The firm's 50-day moving average price is $280.52 and its two-hundred day moving average price is $280.32. 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 has a 12-month low of $239.51 and a 12-month high of $315.47.

Cigna Group (NYSE:CI - Get Free Report) last posted its 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. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The company had revenue of $70.04 billion during the quarter, compared to analyst estimates of $70.14 billion. During the same period in the prior year, the business posted $7.20 earnings per share. Cigna Group's revenue for the quarter was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, equities analysts predict that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th were given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 8th. Cigna Group's dividend payout ratio (DPR) is currently 25.82%.

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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