VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Cigna Group $CI

Key Points

• Virginia Retirement Systems initiated a Cigna position in the second quarter, purchasing 55,000 shares valued at approximately $15.2 million. Institutional investors collectively own 86.99% of Cigna’s outstanding stock.
• Cigna reported second-quarter EPS of $7.78, topping estimates of $7.60, while revenue rose 6.7% year over year to $70.04 billion. The company maintained fiscal 2026 EPS guidance of approximately $30.45.
• Cigna shares opened at $282.24, and analysts maintain a “Moderate Buy” consensus with a $339.45 average price target. The company also declared a quarterly dividend of $1.56 per share, representing a 2.2% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Cigna Group (NYSE:CI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,000 shares of the health services provider's stock, valued at approximately $15,162,000.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of Cigna Group by 9.3% in the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock valued at $1,032,000 after purchasing an additional 318 shares during the period. Sivia Capital Partners LLC increased its stake in Cigna Group by 10.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider's stock worth $384,000 after buying an additional 109 shares during the period. NewEdge Advisors LLC lifted its holdings in Cigna Group by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 22,225 shares of the health services provider's stock worth $7,347,000 after buying an additional 958 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in Cigna Group by 16.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 148,840 shares of the health services provider's stock valued at $49,204,000 after buying an additional 21,173 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in Cigna Group in the 2nd quarter valued at about $163,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 19,436 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total value of $5,369,583.72. Following the completion of the transaction, the insider owned 27,256 shares of the company's stock, valued at approximately $7,530,015.12. This represents a 41.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Cigna Group stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the sale, the chief accounting officer owned 2,368 shares in the company, valued at approximately $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,012 shares of company stock valued at $6,386,550. Insiders own 0.60% of the company's stock.

Cigna Group Trading Down 0.1%

NYSE:CI opened at $282.24 on Tuesday. The firm has a market capitalization of $74.58 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.31. The business has a 50 day simple moving average of $283.56 and a 200 day simple moving average of $280.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. Cigna Group has a 12-month low of $239.51 and a 12-month high of $315.47.

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 (EPS) 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 company had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter in the previous year, the company posted $7.20 earnings per share. The company'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. Equities research analysts predict that Cigna Group will post 30.51 EPS for the current 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 paid a $1.56 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group's dividend payout ratio (DPR) is presently 25.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CI shares. Morgan Stanley lifted their target price on Cigna Group from $355.00 to $361.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 20th. Sanford C. Bernstein increased their price target on Cigna Group from $371.00 to $381.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered Cigna Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $303.00 to $302.00 in a research note on Wednesday, May 20th. Jefferies Financial Group downgraded Cigna Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Finally, Robert W. Baird set a $362.00 target price on Cigna Group in a research note on Friday, July 31st. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $339.45.

About Cigna Group

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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