40,058 Shares in Cigna Group $CI Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Cigna Group (NYSE:CI) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 40,058 shares of the health services provider’s stock, valued at approximately $11,043,000.

Other large investors also recently made changes to their positions in the company. Evercore Wealth Management LLC grew its stake in shares of Cigna Group by 2.8% in the 1st quarter. Evercore Wealth Management LLC now owns 1,301 shares of the health services provider’s stock worth $347,000 after purchasing an additional 35 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Cigna Group by 11.0% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 363 shares of the health services provider’s stock worth $100,000 after buying an additional 36 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Cigna Group by 2.5% during the fourth quarter. IHT Wealth Management LLC now owns 1,535 shares of the health services provider’s stock worth $423,000 after buying an additional 38 shares in the last quarter. Whetstone Capital Advisors LLC grew its position in Cigna Group by 4.9% in the fourth quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider’s stock worth $228,000 after buying an additional 39 shares during the last quarter. Finally, CYBER HORNET ETFs LLC increased its holdings in shares of Cigna Group by 5.3% in the fourth quarter. CYBER HORNET ETFs LLC now owns 801 shares of the health services provider’s stock valued at $220,000 after buying an additional 40 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Insider Buying and Selling at Cigna Group

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of Cigna Group 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 transaction, the chief accounting officer owned 2,368 shares of the company’s stock, valued at $707,108.48. The trade was a 27.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole S. Jones sold 19,436 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total value of $5,369,583.72. Following the completion of the transaction, the insider owned 27,256 shares in the company, valued at $7,530,015.12. This represents 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. Insiders have sold 23,012 shares of company stock worth $6,386,550 over the last three months. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CI shares. Guggenheim increased their price objective on Cigna Group from $338.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Barclays boosted their target price on Cigna Group from $304.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Jefferies Financial Group downgraded Cigna Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $336.00 to $307.00 in a report on Tuesday, August 4th. Wolfe Research reiterated an “outperform” rating and issued a $315.00 price target on shares of Cigna Group in a research report on Tuesday, June 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.45.

Cigna Group Trading Up 1.0%

Cigna Group stock opened at $280.32 on Tuesday. The company has a 50 day moving average price of $283.92 and a 200 day moving average price of $281.48. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. 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 market capitalization of $74.07 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.95 and a beta of 0.29.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, topping 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 firm had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. During the same period in the previous year, the company posted $7.20 EPS. The company’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. Research analysts forecast that Cigna Group will post 30.51 EPS for the current year.

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be issued 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 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.