Moore Capital Management LP raised its position in shares of Cigna Group (NYSE:CI – Free Report) by 52.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,414 shares of the health services provider’s stock after acquiring an additional 25,335 shares during the period. Moore Capital Management LP’s holdings in Cigna Group were worth $20,206,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Wilkerson Advisory Group LLC bought a new stake in shares of Cigna Group during the fourth quarter worth approximately $25,000. Beacon Financial Strategies CORP bought a new stake in shares of Cigna Group during the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Cigna Group during the fourth quarter worth approximately $29,000. Prosperity Bancshares Inc bought a new stake in shares of Cigna Group during the fourth quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Cigna Group during the fourth quarter worth approximately $32,000. Institutional investors own 86.99% of the company’s stock.
Insiders Place Their Bets
In other news, CEO David Cordani sold 201,878 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the completion of the transaction, the chief executive officer directly owned 34,337 shares in the company, valued at approximately $10,054,560.34. This represents a 85.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the stock in a transaction on Friday, June 12th. The shares were 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 owned 2,368 shares of the company’s stock, valued at $707,108.48. The trade was a 27.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on Cigna Group
Cigna Group Stock Down 2.3%
Shares of CI opened at $285.27 on Thursday. Cigna Group has a one year low of $239.51 and a one year high of $338.89. The company has a market cap of $75.46 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.13 and a beta of 0.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $283.63 and a two-hundred day simple moving average of $278.31.
Cigna Group (NYSE:CI – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, beating the consensus estimate of $7.60 by $0.19. The business had revenue of $68.52 billion during 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 company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Research analysts forecast that Cigna Group will post 30.39 EPS for the current fiscal year.
Cigna Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, June 4th. Cigna Group’s dividend payout ratio is presently 26.45%.
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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