United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $38.44 Million Stock Position in Cigna Group $CI

Key Points

• United Super increased its Cigna stake by 12.6% in the second quarter, adding 15,560 shares to own 139,448 shares worth approximately $38.44 million. Institutional investors collectively own 86.99% of Cigna.
• Analysts maintain a generally positive view, with 15 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $339.45.
• Cigna exceeded quarterly earnings expectations with EPS of $7.78 versus $7.60, while revenue rose 6.7% year over year to $70.04 billion. The company also declared a quarterly dividend of $1.56 per share, implying a 2.2% annualized yield.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 12.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,448 shares of the health services provider's stock after purchasing an additional 15,560 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.05% of Cigna Group worth $38,443,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CI. Vanguard Group Inc. raised its holdings in shares of Cigna Group by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 26,173,577 shares of the health services provider's stock worth $7,203,754,000 after buying an additional 414,834 shares in the last quarter. State Street Corp boosted its stake in Cigna Group by 1.8% in the fourth quarter. State Street Corp now owns 12,339,250 shares of the health services provider's stock valued at $3,396,132,000 after buying an additional 224,122 shares in the last quarter. Dodge & Cox grew its position 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 valued at $3,065,681,000 after acquiring an additional 1,833,389 shares during the last quarter. GQG Partners LLC grew its position in Cigna Group by 14.3% in the fourth quarter. GQG Partners LLC now owns 7,763,295 shares of the health services provider's stock valued at $2,136,699,000 after acquiring an additional 972,302 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Cigna Group by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 6,051,370 shares of the health services provider's stock worth $1,658,055,000 after acquiring an additional 48,474 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of Cigna Group from $370.00 to $346.00 and set an "overweight" rating for the company in a report on Wednesday, June 3rd. Sanford C. Bernstein lifted their price target on shares of Cigna Group from $371.00 to $381.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Mizuho upped their price objective on shares of Cigna Group from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Monday, June 8th. The Goldman Sachs Group increased their price objective on shares of Cigna Group from $335.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Cigna Group in a research report on Monday, June 1st. Fifteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $339.45.

Insider Buying and Selling

In other news, CAO Jamie G. Kates sold 899 shares of Cigna Group stock in a transaction 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 transaction, the chief accounting officer owned 2,368 shares in the company, valued at approximately $707,108.48. The trade was a 27.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 completion of the sale, the insider directly owned 27,256 shares in the company, valued at approximately $7,530,015.12. This represents a 41.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company's stock.

Cigna Group Price Performance

Cigna Group stock opened at $282.24 on Friday. The stock has a 50-day moving average price of $286.02 and a two-hundred day moving average price of $281.28. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47. The company has a market capitalization of $74.58 billion, a PE ratio of 11.68, a P/E/G ratio of 0.97 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 earnings per share 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 company had revenue of $70.04 billion for the quarter, compared to analysts' expectations of $70.14 billion. During the same period in the previous year, the business posted $7.20 earnings per share. The business's quarterly revenue was up 6.7% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Analysts expect that Cigna Group will post 30.51 EPS for the current year.

Cigna Group Dividend Announcement

The firm 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 dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend 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.

Want to see what other hedge funds are holding CI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cigna Group (NYSE:CI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source