Cigna Group (NYSE:CI) Insider Everett Neville Sells 617 Shares of Stock

Key Points

• Cigna insider Everett Neville sold 617 shares for approximately $175,259 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 10.88% to 5,053 shares.
• Cigna shares recently traded at $276.12, while the company reported quarterly EPS of $7.78, exceeding analyst expectations, and revenue of $70.04 billion, up 6.7% year over year.
• The company declared a quarterly dividend of $1.56 per share, equivalent to a 2.3% yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $339.45.

Cigna Group (NYSE:CI - Get Free Report) insider Everett Neville sold 617 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $284.05, for a total transaction of $175,258.85. Following the completion of the transaction, the insider owned 5,053 shares of the company's stock, valued at approximately $1,435,304.65. This trade represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cigna Group Price Performance

Shares of NYSE:CI traded down $6.40 during trading on Tuesday, reaching $276.12. 1,521,699 shares of the company's stock traded hands, compared to its average volume of 1,684,743. Cigna Group has a fifty-two week low of $239.51 and a fifty-two 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 firm has a market cap of $72.96 billion, a PE ratio of 11.42, a P/E/G ratio of 0.97 and a beta of 0.31. The company has a 50-day simple moving average of $283.56 and a 200-day simple moving average of $280.94.

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 analysts' consensus estimates of $7.60 by $0.18. The company had revenue of $70.04 billion during the quarter, compared to analysts' expectations of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.Cigna Group's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, analysts predict that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Jefferies Financial Group lowered Cigna Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $336.00 to $307.00 in a research note on Tuesday, August 4th. Morgan Stanley increased their price objective on Cigna Group from $355.00 to $361.00 and gave the company an "overweight" rating in a research note on Wednesday, May 20th. Piper Sandler decreased their price objective on Cigna Group from $370.00 to $346.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. Robert W. Baird set a $362.00 target price on shares of Cigna Group in a report on Friday, July 31st. Finally, Sanford C. Bernstein increased their target price on shares of Cigna Group from $371.00 to $381.00 and gave the company an "outperform" rating in a research report on Thursday, July 9th. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $339.45.

Hedge Funds Weigh In On Cigna Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC raised its holdings in shares of Cigna Group by 2.8% during the 1st quarter. Evercore Wealth Management LLC now owns 1,301 shares of the health services provider's stock worth $347,000 after acquiring an additional 35 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Cigna Group by 11.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 363 shares of the health services provider's stock valued at $100,000 after purchasing an additional 36 shares during the period. Independence Bank of Kentucky increased its position in Cigna Group by 2.6% during the second quarter. Independence Bank of Kentucky now owns 1,483 shares of the health services provider's stock worth $409,000 after purchasing an additional 37 shares during the last quarter. IHT Wealth Management LLC increased its position in Cigna Group by 2.5% during the fourth quarter. IHT Wealth Management LLC now owns 1,535 shares of the health services provider's stock worth $423,000 after purchasing an additional 38 shares during the last quarter. Finally, Whetstone Capital Advisors LLC raised its stake in Cigna Group by 4.9% during the fourth quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider's stock worth $228,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.

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.

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.