Davidson Investment Advisors Has $26.29 Million Holdings in Cigna Group $CI

Davidson Investment Advisors cut its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,348 shares of the health services provider's stock after selling 4,521 shares during the quarter. Cigna Group accounts for 1.1% of Davidson Investment Advisors' holdings, making the stock its 25th largest position. Davidson Investment Advisors' holdings in Cigna Group were worth $26,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. grew its position in Cigna Group by 4.8% during the second quarter. Cookson Peirce & Co. Inc. now owns 6,632 shares of the health services provider's stock worth $1,828,000 after buying an additional 304 shares in the last quarter. Van Den Berg Management I Inc. lifted its position in shares of Cigna Group by 0.5% during the 2nd quarter. Van Den Berg Management I Inc. now owns 31,263 shares of the health services provider's stock valued at $8,619,000 after acquiring an additional 151 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Cigna Group by 12.0% during the 2nd quarter. Wedbush Securities Inc. now owns 4,330 shares of the health services provider's stock worth $1,194,000 after purchasing an additional 463 shares in the last quarter. New Mexico Educational Retirement Board increased its position in shares of Cigna Group by 2.3% in the second quarter. New Mexico Educational Retirement Board now owns 13,147 shares of the health services provider's stock worth $3,624,000 after purchasing an additional 300 shares during the period. Finally, Mufg Securities Americas Inc. raised its stake in Cigna Group by 9.3% in the second quarter. Mufg Securities Americas Inc. now owns 7,968 shares of the health services provider's stock valued at $2,197,000 after purchasing an additional 678 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cigna Group

In related news, insider Nicole S. Jones sold 19,436 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the sale, the insider owned 27,256 shares in the company, valued at $7,530,015.12. The trade was a 41.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the completion of the transaction, the chief accounting officer directly owned 2,368 shares of the company's stock, valued at approximately $707,108.48. The trade was a 27.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,012 shares of company stock valued at $6,386,550 over the last quarter. Company insiders own 0.60% of the company's stock.

Cigna Group Stock Up 0.4%

CI stock opened at $278.89 on Friday. The firm has a 50-day moving average price of $283.52 and a 200-day moving average price of $281.39. Cigna Group has a 12 month low of $239.51 and a 12 month 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. The stock has a market capitalization of $73.69 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29.

Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $70.04 billion for 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 firm's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, equities research analysts anticipate that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Dividend Announcement

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

Analysts Set New Price Targets

CI has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of Cigna Group from $370.00 to $346.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. Sanford C. Bernstein upped their price target on shares of Cigna Group from $371.00 to $381.00 and gave the stock an "outperform" rating in a report on Thursday, July 9th. Wells Fargo & Company increased their price target on shares of Cigna Group from $305.00 to $307.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Robert W. Baird set a $362.00 price objective on shares of Cigna Group in a research report on Friday, July 31st. Finally, Morgan Stanley upped their target price on Cigna Group from $355.00 to $361.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 20th. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $339.45.

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.

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