Cigna Group $CI Stock Sold by Integrated Advisors Network LLC

Key Points

• Integrated Advisors Network LLC cut its Cigna position by 44.3% in the third quarter, selling 3,550 shares and retaining 4,463 shares valued at approximately $1.21 million. Institutional investors collectively own 86.99% of Cigna’s stock.
• Cigna insiders sold 22,730 shares worth roughly $6.29 million over the past three months, including transactions by Nicole Jones and Everett Neville conducted under pre-arranged Rule 10b5-1 plans.
• Cigna shares opened at $315.01, near their one-year high, while the company reported quarterly earnings and revenue above analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $338.24.

Integrated Advisors Network LLC lessened its position in Cigna Group (NYSE:CI - Free Report) by 44.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,463 shares of the health services provider's stock after selling 3,550 shares during the period. Integrated Advisors Network LLC's holdings in Cigna Group were worth $1,213,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its holdings in Cigna Group by 57.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 292,602 shares of the health services provider's stock worth $79,538,000 after buying an additional 106,513 shares during the period. Diversify Advisory Services LLC grew its position in shares of Cigna Group by 31.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 6,859 shares of the health services provider's stock worth $2,050,000 after buying an additional 1,629 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Cigna Group by 1.5% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 8,045 shares of the health services provider's stock worth $2,187,000 after buying an additional 120 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in shares of Cigna Group by 7.9% during the third quarter. MBM Wealth Consultants LLC now owns 7,208 shares of the health services provider's stock valued at $1,959,000 after buying an additional 525 shares during the period. Finally, 55 North Private Wealth LLC increased its stake in shares of Cigna Group by 15.8% during the third quarter. 55 North Private Wealth LLC now owns 858 shares of the health services provider's stock valued at $233,000 after buying an additional 117 shares during the period. Institutional investors own 86.99% of the company's stock.

Insider Buying and Selling

In related news, insider Nicole Jones sold 2,677 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $279.61, for a total value of $748,515.97. Following the sale, the insider owned 25,880 shares in the company, valued at $7,236,306.80. This represents a 9.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Everett Neville sold 617 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total value 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. This trade represents a 10.88% 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. Over the last three months, insiders sold 22,730 shares of company stock worth $6,293,359. Insiders own 0.60% of the company's stock.

Cigna Group Trading Up 3.5%

NYSE:CI opened at $315.01 on Friday. Cigna Group has a one year low of $239.51 and a one year high of $316.27. 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 company's 50-day simple moving average is $281.22 and its 200 day simple moving average is $283.05. The firm has a market capitalization of $83.24 billion, a P/E ratio of 13.03, a PEG ratio of 1.03 and a beta of 0.29.

Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $71.56 billion for the quarter, compared to analysts' expectations of $70.14 billion. During the same quarter in the prior year, the company earned $7.20 earnings per share. The business's revenue was up 6.7% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, analysts forecast that Cigna Group will post 30.50 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CI has been the subject of a number of recent analyst reports. UBS Group restated a "buy" rating on shares of Cigna Group in a report on Thursday, October 1st. 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 report on Friday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Cigna Group in a research report on Thursday, August 27th. Piper Sandler set a $370.00 price objective on shares of Cigna Group and gave the stock an "overweight" rating in a report on Friday, October 2nd. Finally, Robert W. Baird set a $362.00 price objective on shares of Cigna Group 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $338.24.

About Cigna Group

The Cigna Group NYSE: CI is a global health services company that provides insurance coverage, health care benefits and related services. Its operations are primarily organized through Cigna Healthcare, which offers medical, pharmacy, dental, behavioral health and other benefit programs to employers, government organizations and individuals, primarily in the United States.

The company also operates Evernorth Health Services, a health services platform that includes pharmacy benefit management, specialty pharmacy, care management and health-care delivery capabilities.

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