Fox Run Management L.L.C. decreased its position in shares of Cigna Group (NYSE:CI – Free Report) by 81.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 913 shares of the health services provider’s stock after selling 3,975 shares during the quarter. Fox Run Management L.L.C.’s holdings in Cigna Group were worth $252,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in shares of Cigna Group by 10.0% during the first quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock worth $17,515,000 after purchasing an additional 5,963 shares during the last quarter. Victory Capital Management Inc. increased its stake in Cigna Group by 41.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,348,713 shares of the health services provider’s stock valued at $371,206,000 after purchasing an additional 392,978 shares during the last quarter. WASHINGTON TRUST Co lifted its position in Cigna Group by 297.0% during the fourth quarter. WASHINGTON TRUST Co now owns 5,296 shares of the health services provider’s stock worth $1,458,000 after buying an additional 3,962 shares during the period. Handelsbanken Fonder AB lifted its position in Cigna Group by 12.1% during the second quarter. Handelsbanken Fonder AB now owns 82,825 shares of the health services provider’s stock worth $22,833,000 after buying an additional 8,960 shares during the period. Finally, CWM LLC boosted its stake in Cigna Group by 12.7% in the 4th quarter. CWM LLC now owns 84,803 shares of the health services provider’s stock worth $23,340,000 after buying an additional 9,566 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.
Insiders Place Their Bets
In related news, CAO Jamie G. Kates sold 899 shares of the business’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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole S. Jones sold 19,436 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $7,530,015.12. This trade represents a 41.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on CI
Cigna Group Stock Performance
NYSE:CI opened at $282.24 on Friday. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47. The firm’s fifty day simple moving average is $286.02 and its 200 day simple moving average is $281.28. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $74.58 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.96 and a beta of 0.29.
Cigna Group (NYSE:CI – Get Free Report) last posted its earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.60 by $0.18. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The business had revenue of $70.04 billion during the quarter, compared to analyst estimates of $70.14 billion. During the same quarter last year, the firm earned $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. As a group, equities research analysts expect that Cigna Group will post 30.51 earnings per share for the current fiscal year.
Cigna Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $6.24 annualized dividend and a yield of 2.2%. Cigna Group’s payout ratio is 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.
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