Cigna Group (CI) to Issue Quarterly Dividend of $1.56 on September 23rd

Cigna Group (NYSE:CIGet Free Report) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Tuesday, September 8th will be given a dividend of 1.56 per share by the health services provider on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 8th.

Cigna Group has raised its dividend by an average of 1.7%annually over the last three years and has raised its dividend every year for the last 5 years. Cigna Group has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cigna Group to earn $33.44 per share next year, which means the company should continue to be able to cover its $6.24 annual dividend with an expected future payout ratio of 18.7%.

Cigna Group Price Performance

Shares of NYSE:CI opened at $282.24 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $74.58 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.31. The firm’s 50 day moving average price is $283.51 and its 200-day moving average price is $281.07. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47.

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

Insiders Place Their Bets

In other Cigna Group news, insider Nicole Jones sold 2,677 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $279.61, for a total transaction of $748,515.97. Following the sale, the insider directly owned 25,880 shares of the company’s stock, valued at $7,236,306.80. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie Kates sold 899 shares of the company’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 completion of the transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,012 shares of company stock valued at $6,386,550 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cigna Group

Several hedge funds have recently modified their holdings of CI. Wilkerson Advisory Group LLC bought a new stake in Cigna Group in the 4th quarter valued at $25,000. Osbon Capital Management LLC bought a new stake in shares of Cigna Group in the second quarter worth about $26,000. Cedar Mountain Advisors LLC lifted its position in shares of Cigna Group by 161.9% in the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after buying an additional 68 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Cigna Group in the second quarter worth about $29,000. Finally, Fiduciary Financial Advisors bought a new position in Cigna Group during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

About Cigna Group

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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.

Further Reading

Dividend History for Cigna Group (NYSE:CI)

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