Proficio Capital Partners LLC purchased a new stake in Cigna Group (NYSE:CI – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,294 shares of the health services provider’s stock, valued at approximately $632,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Wilkerson Advisory Group LLC acquired a new stake in shares of Cigna Group during the fourth quarter worth $25,000. Osbon Capital Management LLC bought a new position in Cigna Group in the second quarter worth about $26,000. Cedar Mountain Advisors LLC grew its position in Cigna Group by 161.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Cigna Group during the second quarter valued at about $29,000. Finally, Fiduciary Financial Advisors bought a new position in Cigna Group during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 86.99% of the company’s stock.
Insider Buying and Selling at Cigna Group
In other news, insider Nicole S. Jones sold 2,677 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $279.61, for a total value of $748,515.97. Following the completion of the sale, the insider owned 25,880 shares of the company’s stock, valued at approximately $7,236,306.80. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 that occurred on 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 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. In the last three months, insiders sold 23,012 shares of company stock worth $6,386,550. 0.60% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Cigna Group
Cigna Group Price Performance
Shares of NYSE CI opened at $281.01 on Thursday. The business has a fifty day moving average price of $283.58 and a two-hundred day moving average price of $281.51. The stock has a market capitalization of $74.25 billion, a PE ratio of 11.63, a P/E/G ratio of 0.96 and a beta of 0.29. 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 fifty-two week low of $239.51 and a fifty-two week high of $315.47.
Cigna Group (NYSE:CI – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 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 the consensus estimate of $70.14 billion. During the same quarter in the previous year, the firm earned $7.20 earnings per share. Cigna Group’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 analysts predict that Cigna Group will post 30.51 earnings per share for the current fiscal year.
Cigna Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be paid a $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group’s payout ratio is currently 25.82%.
Cigna Group 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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