Cigna Group (NYSE:CI) CAO Sells $268,450.39 in Stock

Cigna Group (NYSE:CIGet Free Report) CAO Jamie Kates sold 899 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was 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 directly owned 2,368 shares in the company, valued at $707,108.48. This trade represents a 27.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cigna Group Stock Down 1.9%

CI stock opened at $279.63 on Friday. The business’s 50-day moving average price is $283.75 and its 200-day moving average price is $278.32. The stock has a market cap of $73.97 billion, a P/E ratio of 11.85, a PEG ratio of 1.10 and a beta of 0.28. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. Cigna Group has a twelve month low of $239.51 and a twelve month high of $338.89.

Cigna Group (NYSE:CIGet Free Report) last released its earnings results on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The company had revenue of $68.52 billion for the quarter, compared to analysts’ expectations of $66.29 billion. During the same quarter last year, the business earned $6.74 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, equities research analysts forecast that Cigna Group will post 30.39 EPS for the current year.

Cigna Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is presently 26.45%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CI. Barclays downgraded shares of Cigna Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $310.00 to $304.00 in a report on Tuesday, May 26th. Piper Sandler decreased their price target on Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Wells Fargo & Company boosted their price objective on Cigna Group from $300.00 to $305.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Sanford C. Bernstein upped their price objective on Cigna Group from $358.00 to $371.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley increased 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. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Cigna Group has a consensus rating of “Moderate Buy” and an average target price of $338.30.

Check Out Our Latest Research Report on CI

Hedge Funds Weigh In On Cigna Group

Institutional investors have recently bought and sold shares of the stock. Wilkerson Advisory Group LLC purchased a new stake in Cigna Group in the 4th quarter worth $25,000. Beacon Financial Strategies CORP purchased a new position in shares of Cigna Group during the fourth quarter valued at about $28,000. Cedar Mountain Advisors LLC grew its position in shares of Cigna Group by 161.9% during the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 68 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Cigna Group in the fourth quarter worth about $29,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Cigna Group in the fourth quarter worth about $29,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

About Cigna Group

(Get 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.

See Also

Receive News & Ratings for Cigna Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cigna Group and related companies with MarketBeat.com's FREE daily email newsletter.