Vontobel Holding Ltd. Buys 9,855 Shares of Cigna Group $CI

Vontobel Holding Ltd. raised its stake in Cigna Group (NYSE:CI) by 37.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,257 shares of the health services provider’s stock after acquiring an additional 9,855 shares during the period. Vontobel Holding Ltd.’s holdings in Cigna Group were worth $9,995,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CI. Assetmark Inc. lifted its holdings in shares of Cigna Group by 10.0% during the 1st quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock worth $17,515,000 after acquiring an additional 5,963 shares during the period. Victory Capital Management Inc. increased its stake in Cigna Group by 41.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,348,713 shares of the health services provider’s stock valued at $371,206,000 after acquiring an additional 392,978 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Cigna Group by 12.1% in the second quarter. Handelsbanken Fonder AB now owns 82,825 shares of the health services provider’s stock valued at $22,833,000 after acquiring an additional 8,960 shares during the last quarter. WASHINGTON TRUST Co raised its position in Cigna Group by 297.0% during the fourth quarter. WASHINGTON TRUST Co now owns 5,296 shares of the health services provider’s stock valued at $1,458,000 after purchasing an additional 3,962 shares in the last quarter. Finally, CWM LLC raised its position in Cigna Group by 12.7% during the fourth quarter. CWM LLC now owns 84,803 shares of the health services provider’s stock valued at $23,340,000 after purchasing an additional 9,566 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CI. Piper Sandler reduced their target price on Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. The Goldman Sachs Group boosted their price target on Cigna Group from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Robert W. Baird set a $362.00 price objective on Cigna Group in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $315.00 target price on shares of Cigna Group in a research report on Tuesday, June 16th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $339.45.

Insider Buying and Selling

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the company’s stock in a transaction that occurred 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 directly owned 2,368 shares in the company, valued at approximately $707,108.48. This represents a 27.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole S. Jones sold 19,436 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the transaction, the insider directly owned 27,256 shares of the company’s stock, valued at $7,530,015.12. The trade was a 41.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Cigna Group Trading Up 1.5%

Shares of CI stock opened at $282.24 on Friday. The firm has a market capitalization of $74.58 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.96 and a beta of 0.29. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47. 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’s fifty day simple moving average is $286.02 and its 200 day simple moving average is $281.28.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.60 by $0.18. The business had revenue of $70.04 billion during the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, sell-side analysts predict that Cigna Group will post 30.51 EPS 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 $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group’s dividend payout ratio is currently 25.82%.

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.