National Pension Service Has $218.95 Million Stock Position in Cigna Group $CI

Key Points

• National Pension Service increased its Cigna Group stake by 1.1% in the second quarter, bringing its holdings to 794,211 shares worth approximately $218.95 million. Institutional investors collectively own 86.99% of the company.
• Cigna reported quarterly EPS of $7.78, exceeding estimates of $7.60, while revenue rose 6.7% year over year to $70.04 billion. The company also declared a quarterly dividend of $1.56, equivalent to a 2.2% annualized yield.
• Analysts maintain a “Moderate Buy” consensus on CI, with 15 Buy and eight Hold ratings and an average price target of $337.10, above the stock’s reported price of $280.32.

National Pension Service raised its holdings in Cigna Group (NYSE:CI - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 794,211 shares of the health services provider's stock after buying an additional 8,680 shares during the quarter. National Pension Service owned 0.30% of Cigna Group worth $218,948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CI. Wilkerson Advisory Group LLC bought a new stake in Cigna Group in the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in shares of Cigna Group in the 2nd quarter valued at about $26,000. Cedar Mountain Advisors LLC increased its position in Cigna Group by 161.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider's stock valued at $29,000 after buying an additional 68 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Cigna Group in the 2nd quarter valued at about $29,000. Finally, Fiduciary Financial Advisors acquired a new position in Cigna Group during the 2nd quarter worth approximately $29,000. 86.99% of the stock is owned by institutional investors.

Insider Transactions at Cigna Group

In other news, insider Everett Neville sold 617 shares of Cigna Group stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total value of $175,258.85. Following the completion of the transaction, the insider owned 5,053 shares in the company, valued at $1,435,304.65. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole Jones sold 19,436 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 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 22,730 shares of company stock valued at $6,293,359 in the last quarter. Company insiders own 0.60% of the company's stock.

Cigna Group Stock Up 0.8%

Cigna Group stock opened at $280.32 on Friday. The firm has a 50 day moving average price of $283.45 and a 200-day moving average price of $280.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47. The company has a market capitalization of $74.07 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.96 and a beta of 0.31.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly 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. 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 for the quarter, compared to analysts' expectations of $70.14 billion. During the same quarter in the previous year, the firm posted $7.20 EPS. Cigna Group's revenue 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 EPS for the current year.

Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $6.24 annualized dividend and a yield of 2.2%. Cigna Group's dividend payout ratio (DPR) is 25.82%.

Analysts Set New Price Targets

CI has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Cigna Group from $305.00 to $307.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. UBS Group increased their price objective on Cigna Group from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. Wolfe Research reiterated an "outperform" rating and set a $315.00 price target on shares of Cigna Group in a report on Tuesday, June 16th. Robert W. Baird set a $362.00 target price on shares of Cigna Group in a research note on Friday, July 31st. Finally, Morgan Stanley boosted their price target on shares of Cigna Group from $355.00 to $361.00 and gave the stock an "overweight" rating in a report on Wednesday, May 20th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $337.10.

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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