234,844 Shares in Cigna Group $CI Acquired by Korea Investment CORP

Korea Investment CORP purchased a new position in shares of Cigna Group (NYSE:CIFree Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 234,844 shares of the health services provider’s stock, valued at approximately $64,742,000. Korea Investment CORP owned approximately 0.09% of Cigna Group as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CI. EP Wealth Advisors LLC purchased a new stake in shares of Cigna Group during the 2nd quarter worth $3,243,000. Heartland Bank & Trust Co acquired a new position in shares of Cigna Group during the second quarter worth $207,000. Ieq Capital LLC purchased a new position in Cigna Group in the second quarter valued at $10,948,000. Callan Family Office LLC acquired a new stake in Cigna Group in the second quarter valued at $9,317,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Cigna Group in the second quarter valued at $64,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CI. Jefferies Financial Group cut Cigna Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $336.00 to $307.00 in a research report on Tuesday, August 4th. The Goldman Sachs Group raised their target price on Cigna Group from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Guggenheim boosted their target price on Cigna Group from $338.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Barclays upped their price target on Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald increased their price target 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. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $339.45.

Check Out Our Latest Analysis on Cigna Group

Insider Activity at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 2,677 shares of the stock in a transaction on 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 transaction, the insider owned 25,880 shares in the company, valued at approximately $7,236,306.80. This represents a 9.37% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the firm’s 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 sale, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This trade represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,012 shares of company stock valued at $6,386,550 over the last three months. Insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 0.6%

Shares of Cigna Group stock opened at $276.19 on Friday. Cigna Group has a one year low of $239.51 and a one year high of $315.47. The company has a market cap of $72.98 billion, a P/E ratio of 11.43, a PEG ratio of 0.94 and a beta of 0.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a fifty day moving average of $284.20 and a two-hundred day moving average of $281.38.

Cigna Group (NYSE:CIGet Free Report) last issued its earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, beating the consensus estimate of $7.60 by $0.18. The business had revenue of $70.04 billion for the quarter, compared to the consensus estimate of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, analysts forecast that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be given a dividend of $1.56 per share. The ex-dividend date is Tuesday, September 8th. This represents a $6.24 annualized dividend and a yield of 2.3%. Cigna Group’s payout ratio is presently 25.82%.

About Cigna Group

(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.

See Also

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

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