Sanctuary Advisors LLC Acquires 2,265 Shares of Cigna Group $CI

Sanctuary Advisors LLC increased its holdings in shares of Cigna Group (NYSE:CI) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,820 shares of the health services provider’s stock after buying an additional 2,265 shares during the period. Sanctuary Advisors LLC’s holdings in Cigna Group were worth $10,622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wilkerson Advisory Group LLC acquired a new stake in Cigna Group during the 4th quarter worth $25,000. Beacon Financial Strategies CORP acquired a new position in shares of Cigna Group in the 4th quarter valued at $28,000. Cedar Mountain Advisors LLC boosted its position in shares of Cigna Group by 161.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Cigna Group during the fourth quarter worth $29,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Cigna Group during the fourth quarter worth $29,000. 86.99% of the stock is owned by institutional investors.

Cigna Group Stock Down 0.7%

NYSE:CI opened at $281.72 on Friday. Cigna Group has a 1 year low of $239.51 and a 1 year high of $315.47. The stock has a 50-day moving average price of $286.68 and a two-hundred day moving average price of $280.40. The stock has a market cap of $74.52 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.09 and a beta of 0.29. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69.

Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, beating the consensus estimate of $7.60 by $0.19. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The business had revenue of $68.52 billion for the quarter, compared to analysts’ expectations of $66.29 billion. During the same quarter in the previous year, the business posted $6.74 EPS. Cigna Group’s revenue for the quarter was up 4.6% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, equities analysts expect that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 4th. Cigna Group’s dividend payout ratio is 26.45%.

Analyst Ratings Changes

Several equities analysts have weighed in on CI shares. Royal Bank Of Canada increased their target price on Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Cantor Fitzgerald boosted their target price on Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein upped their price target on Cigna Group from $371.00 to $381.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Barclays lowered shares of Cigna Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $310.00 to $304.00 in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $338.80.

Insider Activity at Cigna Group

In other news, CEO David Cordani sold 201,878 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the completion of the sale, the chief executive officer owned 34,337 shares of the company’s stock, valued at $10,054,560.34. This represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $268,450.39. Following the sale, the chief accounting officer owned 2,368 shares in the company, valued at approximately $707,108.48. The trade was a 27.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by corporate insiders.

Cigna Group 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.