Two Sigma Securities LLC Purchases New Shares in Cigna Group $CI

Key Points

• Two Sigma Securities acquired 15,954 Cigna shares in the second quarter, valued at approximately $4.4 million. Institutional investors and hedge funds collectively own 86.99% of the company.
• Cigna insiders sold 23,012 shares worth approximately $6.4 million in the past quarter, while insider ownership stands at just 0.60%.
• Analysts maintain a “Moderate Buy” consensus, with 15 Buy ratings and seven Holds and an average price target of $339.45. Cigna recently exceeded quarterly EPS expectations and announced a $1.56 quarterly dividend.

Two Sigma Securities LLC acquired a new stake in Cigna Group (NYSE:CI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,954 shares of the health services provider's stock, valued at approximately $4,398,000.

A number of other large investors have also modified their holdings of the company. Wilkerson Advisory Group LLC acquired a new stake in Cigna Group in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new position in shares of Cigna Group during the 2nd quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of Cigna Group during the 4th quarter worth approximately $29,000. Prosperity Bancshares Inc purchased a new position in shares of Cigna Group during the 4th quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. acquired a new stake in Cigna Group in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 86.99% of the company's stock.

Insider Activity

In other news, insider Nicole S. Jones sold 19,436 shares of Cigna Group 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 of the company's stock, valued at approximately $7,530,015.12. The trade was a 41.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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 transaction, the chief accounting officer owned 2,368 shares in the company, valued at $707,108.48. This represents a 27.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,012 shares of company stock worth $6,386,550 over the last quarter. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CI. Sanford C. Bernstein boosted 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. UBS Group increased their price objective on shares of Cigna Group from $375.00 to $400.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Cigna Group in a research report on Monday, June 1st. Piper Sandler cut their target price on shares of Cigna Group from $370.00 to $346.00 and set an "overweight" rating for the company in a research note on Wednesday, June 3rd. Finally, Guggenheim upped their price target on shares of Cigna Group from $338.00 to $361.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $339.45.

Cigna Group Stock Up 0.0%

Shares of CI opened at $278.89 on Monday. 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 stock has a fifty day simple moving average of $283.52 and a two-hundred day simple moving average of $281.30. The company has a market capitalization of $73.69 billion, a PE 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 for the quarter, beating the consensus estimate of $7.60 by $0.18. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The firm 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 company posted $7.20 EPS. The company's revenue 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, equities analysts forecast that Cigna Group will post 30.51 EPS for the current year.

Cigna Group Announces Dividend

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

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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