HighTower Advisors LLC Buys 283,897 Shares of Cigna Group $CI

Key Points

• HighTower Advisors increased its Cigna Group stake by 402.7% in the second quarter, purchasing 283,897 additional shares and ending with 354,398 shares worth approximately $97.7 million. Institutional investors collectively own 86.99% of the company.
• Cigna reported quarterly adjusted earnings of $7.78 per share, exceeding analyst expectations of $7.60, while revenue rose 6.7% year over year to $70.04 billion. The company reaffirmed fiscal 2026 earnings guidance of about $30.45 per share.
• Cigna declared a quarterly dividend of $1.56 per share, equivalent to an annualized $6.24 payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $339.45, despite several recent downgrades to “Hold.”

HighTower Advisors LLC increased its position in shares of Cigna Group (NYSE:CI - Free Report) by 402.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 354,398 shares of the health services provider's stock after buying an additional 283,897 shares during the quarter. HighTower Advisors LLC owned about 0.13% of Cigna Group worth $97,701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Evercore Wealth Management LLC grew its position in 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 valued at $347,000 after purchasing an additional 35 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Cigna Group by 11.0% during the fourth 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 during the last quarter. OLD National Bancorp IN increased its position in shares of Cigna Group by 3.7% during the fourth quarter. OLD National Bancorp IN now owns 1,031 shares of the health services provider's stock worth $284,000 after acquiring an additional 37 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Cigna Group by 2.5% in the 4th quarter. IHT Wealth Management LLC now owns 1,535 shares of the health services provider's stock worth $423,000 after acquiring an additional 38 shares during the last quarter. Finally, Whetstone Capital Advisors LLC boosted its stake in Cigna Group by 4.9% during the 4th quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider's stock valued at $228,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Cigna Group Stock Up 1.5%

Shares of NYSE:CI opened at $282.24 on Friday. The company has a market capitalization of $74.58 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.29. 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 business has a fifty day moving average price of $286.02 and a two-hundred day moving average price of $281.28. Cigna Group has a 1 year low of $239.51 and a 1 year high of $315.47.

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

Cigna Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on CI. Wall Street Zen downgraded Cigna Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Mizuho raised their price objective on Cigna Group from $330.00 to $340.00 and gave the company an "outperform" rating in a research note on Monday, June 8th. Robert W. Baird set a $362.00 price objective on shares of Cigna Group in a report on Friday, July 31st. Jefferies Financial Group downgraded shares of Cigna Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $336.00 to $307.00 in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Cigna Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $303.00 to $302.00 in a research report 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $339.45.

Insider Transactions at Cigna Group

In other news, CAO Jamie G. Kates sold 899 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction 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 $707,108.48. This represents a 27.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole S. Jones sold 19,436 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $7,530,015.12. The trade was a 41.63% 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. 0.60% of the stock is owned by insiders.

About Cigna Group

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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