English Capital Management LLC Reduces Holdings in Cigna Group $CI

English Capital Management LLC lessened its holdings in Cigna Group (NYSE:CI) by 17.8% during the 2nd quarter, Holdings Channel reports. The firm owned 18,096 shares of the health services provider’s stock after selling 3,922 shares during the quarter. Cigna Group comprises 2.4% of English Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. English Capital Management LLC’s holdings in Cigna Group were worth $5,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Assetmark Inc. lifted its position in shares of Cigna Group by 10.0% in the first 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. Victory Capital Management Inc. boosted its stake in shares of Cigna Group by 41.1% during 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. WASHINGTON TRUST Co increased its position in Cigna Group by 297.0% during the 4th quarter. WASHINGTON TRUST Co now owns 5,296 shares of the health services provider’s stock worth $1,458,000 after purchasing an additional 3,962 shares in the last quarter. Handelsbanken Fonder AB increased its position in Cigna Group by 12.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 82,825 shares of the health services provider’s stock worth $22,833,000 after purchasing an additional 8,960 shares in the last quarter. Finally, CWM LLC raised its stake in Cigna Group by 12.7% in the 4th 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 during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Cigna Group Price Performance

Shares of CI stock opened at $282.24 on Friday. The firm has a fifty day moving average of $286.02 and a two-hundred day moving average of $281.28. The firm has a market cap 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 1-year low of $239.51 and a 1-year high of $315.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76.

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, beating analysts’ consensus estimates of $7.60 by $0.18. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The business had revenue of $70.04 billion for the quarter, compared to analyst estimates of $70.14 billion. During the same quarter in the prior year, the business posted $7.20 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, research analysts anticipate 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. Shareholders 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 annualized dividend and a yield of 2.2%. Cigna Group’s dividend payout ratio is presently 25.82%.

Insider Activity at Cigna Group

In other news, CAO Jamie G. Kates sold 899 shares of the business’s stock in a transaction that occurred 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 directly owned 2,368 shares in the company, valued at approximately $707,108.48. The trade was a 27.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole S. Jones sold 19,436 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 27,256 shares in the company, valued at approximately $7,530,015.12. This represents a 41.63% 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.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of analyst reports. Raymond James Financial lowered shares of Cigna Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $350.00 to $320.00 in a research report on Monday, August 3rd. Royal Bank Of Canada raised their price objective on Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Robert W. Baird set a $362.00 price target on Cigna Group in a report on Friday, July 31st. Finally, Cantor Fitzgerald increased their price target on Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $339.45.

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.