Cigna Group (NYSE:CI) Insider Sells $175,258.85 in Stock

Cigna Group (NYSE:CIGet Free Report) insider Everett Neville sold 617 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $284.05, for a total transaction of $175,258.85. Following the sale, the insider directly owned 5,053 shares of the company’s stock, valued at approximately $1,435,304.65. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cigna Group Trading Up 0.8%

NYSE:CI opened at $280.32 on Friday. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47. The business’s 50-day moving average is $283.45 and its two-hundred day moving average is $280.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $74.07 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.31.

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

Cigna Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $1.56 per share. The ex-dividend date is Tuesday, September 8th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. Cigna Group’s dividend payout ratio (DPR) is currently 25.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho upped their target price on shares of Cigna Group from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Evercore assumed coverage on shares of Cigna Group in a report on Wednesday. They issued an “in-line” rating and a $290.00 price objective on the stock. UBS Group raised their target price on Cigna Group from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft lowered Cigna Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $303.00 to $302.00 in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group cut Cigna Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $336.00 to $307.00 in a research note on Tuesday, August 4th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $337.10.

Read Our Latest Stock Report on Cigna Group

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of Cigna Group by 10.0% in the 1st quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock valued at $17,515,000 after acquiring an additional 5,963 shares in the last quarter. Mystic Asset Management Inc. purchased a new position in Cigna Group during the 2nd quarter worth approximately $2,808,000. KBC Group NV raised its stake in Cigna Group by 6.4% during the 2nd quarter. KBC Group NV now owns 380,034 shares of the health services provider’s stock valued at $104,768,000 after purchasing an additional 22,978 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Cigna Group in the second quarter valued at $11,043,000. Finally, Trust Co. of Vermont purchased a new stake in shares of Cigna Group in the second quarter valued at $4,231,000. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Company Profile

(Get Free Report)

The Cigna Group (NYSE: CI) is a global health services company that helps individuals, employers, health plans and government organizations access health care and related services. The company operates primarily through two businesses: Cigna Healthcare, which provides medical, behavioral health, dental and other health benefit products and services, and Evernorth Health Services, which offers pharmacy, care delivery and health benefits solutions.

Evernorth includes Express Scripts, a pharmacy benefit services provider that manages prescription drug benefits and operates home delivery and specialty pharmacy services.

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Insider Buying and Selling by Quarter for Cigna Group (NYSE:CI)

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