Public Employees Retirement System of Ohio purchased a new stake in Cigna Group (NYSE:CI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 121,527 shares of the health services provider's stock, valued at approximately $33,503,000.
Other institutional investors have also recently modified their holdings of the company. Wilkerson Advisory Group LLC purchased a new position in Cigna Group during the fourth quarter worth $25,000. Osbon Capital Management LLC purchased a new stake in Cigna Group during the 2nd quarter worth about $26,000. Johnson Financial Group Inc. acquired a new position in Cigna Group in the 2nd quarter valued at about $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Cigna Group during the 4th quarter worth about $29,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Cigna Group during the fourth quarter worth about $29,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.
Cigna Group Price Performance
CI opened at $278.89 on Friday. The company has a 50 day moving average of $283.52 and a two-hundred day moving average of $281.39. Cigna Group has a 52-week low of $239.51 and a 52-week high of $315.47. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. The company has a market cap of $73.69 billion, a P/E ratio of 11.54, a P/E/G 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 for the quarter, topping analysts' consensus estimates of $7.60 by $0.18. The firm had revenue of $70.04 billion during the quarter, compared to analysts' expectations 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 prior year, the company earned $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, analysts expect that Cigna Group will post 30.51 earnings per share for the current year.
Cigna Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be given a dividend of $1.56 per share. 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 payout ratio is 25.82%.
Analyst Ratings Changes
Several analysts have commented on CI shares. Robert W. Baird set a $362.00 target price on shares of Cigna Group in a research note on Friday, July 31st. Cantor Fitzgerald upped their target price on Cigna Group from $325.00 to $340.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Jefferies Financial Group cut Cigna Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $336.00 to $307.00 in a report on Tuesday, August 4th. Wolfe Research reiterated an "outperform" rating and set a $315.00 price objective on shares of Cigna Group in a report on Tuesday, June 16th. Finally, Barclays boosted their target price on shares of Cigna Group from $304.00 to $310.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Fifteen 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, Cigna Group currently has an average rating of "Moderate Buy" and an average price target of $339.45.
View Our Latest Stock Report on Cigna Group
Insider Activity at Cigna Group
In other Cigna Group 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 value 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 trade represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider directly owned 27,256 shares in the company, valued at approximately $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 a total of 23,012 shares of company stock worth $6,386,550 over the last three months. 0.60% of the stock is currently owned by corporate insiders.
About Cigna Group
(
Free Report)
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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