Sumitomo Mitsui Trust Group Inc. decreased its position in Cigna Group (NYSE:CI – Free Report) by 3.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 759,530 shares of the health services provider’s stock after selling 24,769 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Cigna Group were worth $202,605,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Cigna Group by 11.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 363 shares of the health services provider’s stock worth $100,000 after acquiring an additional 36 shares in the last quarter. OLD National Bancorp IN grew its stake in shares of Cigna Group by 3.7% in the fourth quarter. OLD National Bancorp IN now owns 1,031 shares of the health services provider’s stock worth $284,000 after acquiring an additional 37 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Cigna Group by 2.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,535 shares of the health services provider’s stock worth $423,000 after purchasing an additional 38 shares during the period. Whetstone Capital Advisors LLC increased its stake in Cigna Group by 4.9% during the fourth quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider’s stock valued at $228,000 after acquiring an additional 39 shares during the period. Finally, CYBER HORNET ETFs LLC increased its position in shares of Cigna Group by 5.3% during the fourth quarter. CYBER HORNET ETFs LLC now owns 801 shares of the health services provider’s stock valued at $220,000 after purchasing an additional 40 shares during the period. 86.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CI has been the topic of a number of analyst reports. Cantor Fitzgerald upped their target price on shares of Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Jefferies Financial Group reduced their target price on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Robert W. Baird set a $337.00 target price on shares of Cigna Group in a research report on Friday, May 1st. Sanford C. Bernstein lifted their price target on shares of Cigna Group from $371.00 to $381.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Raymond James Financial set a $340.00 price target on shares of Cigna Group in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $338.80.
Cigna Group Stock Up 0.5%
NYSE:CI opened at $291.32 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73. Cigna Group has a 52-week low of $239.51 and a 52-week high of $315.47. The company has a market cap of $77.06 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.12 and a beta of 0.29. The stock’s fifty day moving average price is $285.64 and its two-hundred day moving average price is $279.64.
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, topping analysts’ consensus estimates of $7.60 by $0.19. The firm had revenue of $68.52 billion during the quarter, compared to analyst estimates of $66.29 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, analysts anticipate that Cigna Group will post 30.39 EPS for the current year.
Cigna Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is currently 26.45%.
Insider Transactions at Cigna Group
In other 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 transaction 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. The trade was a 27.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Cordani sold 201,878 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the transaction, the chief executive officer owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This represents a 85.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.
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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