OVERSEA CHINESE BANKING Corp Ltd Invests $3.40 Million in Cigna Group $CI

Key Points

• Oversea Chinese Banking Corp purchased 12,320 Cigna shares worth approximately $3.4 million during the second quarter. Institutional investors collectively own 86.99% of Cigna’s stock.
• Cigna reported quarterly adjusted earnings of $7.78 per share, exceeding estimates of $7.60, while revenue rose 6.7% year over year to $70.04 billion. The company maintained fiscal 2026 earnings guidance of $30.45 per share.
• Cigna shares opened at $274.50, down 1.1%, while analysts maintained a “Moderate Buy” consensus with an average price target of $339.45. The company also declared a quarterly dividend of $1.56 per share, implying a 2.3% yield.

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Cigna Group (NYSE:CI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,320 shares of the health services provider's stock, valued at approximately $3,405,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cigna Group during the fourth quarter worth approximately $1,019,790,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cigna Group by 13,333.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,165,408 shares of the health services provider's stock valued at $900,912,000 after purchasing an additional 3,141,844 shares during the period. Dodge & Cox grew its stake in Cigna Group by 19.7% in the fourth quarter. Dodge & Cox now owns 11,138,614 shares of the health services provider's stock worth $3,065,681,000 after purchasing an additional 1,833,389 shares in the last quarter. Boston Partners increased its holdings in Cigna Group by 314.6% during the 4th quarter. Boston Partners now owns 1,638,191 shares of the health services provider's stock worth $450,856,000 after purchasing an additional 1,243,056 shares during the period. Finally, GQG Partners LLC increased its holdings in Cigna Group by 14.3% during the 4th quarter. GQG Partners LLC now owns 7,763,295 shares of the health services provider's stock worth $2,136,699,000 after purchasing an additional 972,302 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cigna Group

In related 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 sale, the chief accounting officer owned 2,368 shares of the company's stock, valued at $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicole S. Jones sold 2,677 shares of the firm'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 transaction of $748,515.97. Following the completion of the sale, the insider owned 25,880 shares of the company's stock, valued at approximately $7,236,306.80. This trade represents a 9.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,012 shares of company stock worth $6,386,550 over the last 90 days. Company insiders own 0.60% of the company's stock.

Cigna Group Stock Down 1.1%

Shares of NYSE CI opened at $274.50 on Friday. Cigna Group has a 12-month low of $239.51 and a 12-month high of $315.47. The stock's fifty day simple moving average is $284.63 and its two-hundred day simple moving average is $281.41. The stock has a market capitalization of $72.53 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.95 and a beta of 0.29. 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 (NYSE:CI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, topping the consensus estimate of $7.60 by $0.18. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The firm had revenue of $70.04 billion during the quarter, compared to analyst estimates of $70.14 billion. During the same period in the previous year, the company posted $7.20 EPS. The business's revenue for the quarter 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 expect that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group's dividend payout ratio is presently 25.82%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group cut Cigna Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Wolfe Research restated an "outperform" rating and issued a $315.00 price objective on shares of Cigna Group in a report on Tuesday, June 16th. Morgan Stanley upped their price objective on shares of Cigna Group from $355.00 to $361.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cigna Group in a report on Monday, June 1st. Finally, Royal Bank Of Canada raised their target price on shares of Cigna Group from $333.00 to $337.00 and gave the company an "outperform" rating in a research report on Friday, May 1st. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Cigna Group presently has a consensus rating of "Moderate Buy" and an average target price of $339.45.

Cigna Group Company 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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