Illinois Municipal Retirement Fund Buys 3,533 Shares of Cigna Group $CI

Illinois Municipal Retirement Fund grew its stake in shares of Cigna Group (NYSE:CIFree Report) by 23.2% in the 1st quarter, HoldingsChannel reports. The fund owned 18,769 shares of the health services provider’s stock after purchasing an additional 3,533 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cigna Group were worth $5,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CI. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Cigna Group in the 1st quarter valued at $67,000. Hudson Canyon Capital Management increased its position in Cigna Group by 1.3% during the 1st quarter. Hudson Canyon Capital Management now owns 6,754 shares of the health services provider’s stock worth $1,802,000 after buying an additional 89 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Cigna Group by 7.8% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,017 shares of the health services provider’s stock worth $2,938,000 after buying an additional 800 shares during the period. Signet Financial Management LLC lifted its holdings in shares of Cigna Group by 3.3% during the first quarter. Signet Financial Management LLC now owns 7,474 shares of the health services provider’s stock worth $1,994,000 after buying an additional 242 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Cigna Group by 6.0% in the first quarter. Sanctuary Advisors LLC now owns 39,820 shares of the health services provider’s stock valued at $10,622,000 after acquiring an additional 2,265 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CI. UBS Group upped their price target on shares of Cigna Group from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Barclays downgraded shares of Cigna Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $310.00 to $304.00 in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft lowered shares of Cigna Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $303.00 to $302.00 in a research report on Wednesday, May 20th. Cantor Fitzgerald raised their target price on shares of Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cigna Group in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.80.

Get Our Latest Research Report on Cigna Group

Cigna Group Stock Down 0.7%

CI stock opened at $281.72 on Friday. The company has a market cap of $74.52 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.08 and a beta of 0.29. The business has a 50-day simple moving average of $286.68 and a 200 day simple moving average of $280.40. 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 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69.

Cigna Group (NYSE:CIGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. The firm had revenue of $68.52 billion for the quarter, compared to the consensus estimate of $66.29 billion. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Sell-side analysts anticipate that Cigna Group will post 30.39 EPS for the current fiscal year.

Cigna Group Announces Dividend

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

Insider Activity at Cigna Group

In related news, CEO David Cordani sold 201,878 shares of Cigna Group stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total value of $59,113,915.96. Following the transaction, the chief executive officer directly owned 34,337 shares of the company’s stock, valued at $10,054,560.34. This trade represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 business’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 transaction of $268,450.39. Following the transaction, the chief accounting officer owned 2,368 shares of the company’s stock, valued at approximately $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. Company insiders own 0.60% of the company’s stock.

Cigna Group Company Profile

(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.

Further Reading

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:CIFree Report).

Institutional Ownership by Quarter for Cigna Group (NYSE:CI)

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.