Cigna Group $CI Shares Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC raised its position in shares of Cigna Group (NYSE:CI) by 174.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,297 shares of the health services provider’s stock after buying an additional 2,094 shares during the period. Personal CFO Solutions LLC’s holdings in Cigna Group were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CI. Wilkerson Advisory Group LLC acquired a new position in Cigna Group during the 4th quarter worth about $25,000. Beacon Financial Strategies CORP acquired a new position in Cigna Group in the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new position in Cigna Group in the 4th quarter valued at about $29,000. Prosperity Bancshares Inc purchased a new stake in Cigna Group during the fourth quarter worth about $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Cigna Group during the fourth quarter worth about $32,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cigna Group

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This trade represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Cordani sold 201,878 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the sale, the chief executive officer owned 34,337 shares in the company, valued at $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Price Performance

Cigna Group stock opened at $291.32 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $285.64 and a 200-day simple moving average of $279.64. The stock has a market cap of $77.06 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.12 and a beta of 0.29. Cigna Group has a 12-month low of $239.51 and a 12-month high of $315.47.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The firm had revenue of $68.52 billion during the quarter, compared to analysts’ expectations of $66.29 billion. During the same quarter in the prior year, the business earned $6.74 EPS. Cigna Group’s quarterly revenue was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Equities analysts expect that Cigna Group will post 30.39 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, June 4th. Cigna Group’s dividend payout ratio is currently 26.45%.

Analyst Ratings Changes

CI has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. Wells Fargo & Company upped their target price on shares of Cigna Group from $300.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Sanford C. Bernstein increased their target price on shares of Cigna Group from $371.00 to $381.00 and gave the stock an “outperform” rating in a report on Thursday. Cantor Fitzgerald raised their price target on shares of Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Mizuho boosted their price target on shares of Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Cigna Group currently has an average rating of “Moderate Buy” and an average price target of $338.80.

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.