Key Points
- Cigna CAO Jamie Kates sold 899 shares on June 12 at an average price of $298.61, totaling about $268,450. After the sale, Kates still held 2,368 shares, and the transaction cut ownership by 27.52%.
- Cigna recently reported stronger-than-expected quarterly results, posting EPS of $7.79 versus the $7.60 consensus and revenue of $68.52 billion versus expectations of $66.29 billion. Revenue rose 4.6% year over year.
- Wall Street remains broadly positive on CI, with analysts assigning an average "Moderate Buy" rating and a consensus price target of $338.30. The stock was trading at $292.01, below several bullish target prices.
Cigna Group (NYSE:CI - Get Free Report) CAO Jamie Kates sold 899 shares of the company'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 transaction, the chief accounting officer owned 2,368 shares of the company's stock, valued at approximately $707,108.48. The trade was a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cigna Group Price Performance
Shares of CI opened at $292.01 on Wednesday. The company has a market cap of $77.25 billion, a P/E ratio of 12.38, a PEG ratio of 1.13 and a beta of 0.28. The stock has a fifty day moving average price of $283.44 and a 200 day moving average price of $278.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.73 and a quick ratio of 0.73. Cigna Group has a 12 month low of $239.51 and a 12 month high of $338.89.
Cigna Group (NYSE:CI - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, topping analysts' consensus estimates of $7.60 by $0.19. The firm had revenue of $68.52 billion during the quarter, compared to the consensus estimate of $66.29 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $6.74 EPS. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, research analysts forecast that Cigna Group will post 30.39 earnings per share for the current year.
Cigna Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.24 annualized dividend and a yield of 2.1%. Cigna Group's payout ratio is presently 26.45%.
Hedge Funds Weigh In On Cigna Group
Several hedge funds have recently modified their holdings of the company. Evercore Wealth Management LLC increased its position in shares of Cigna Group by 2.8% during the 1st quarter. Evercore Wealth Management LLC now owns 1,301 shares of the health services provider's stock valued at $347,000 after purchasing an additional 35 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of Cigna Group by 11.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 363 shares of the health services provider's stock valued at $100,000 after purchasing an additional 36 shares during the period. OLD National Bancorp IN increased its position in shares of Cigna Group by 3.7% during the 4th quarter. OLD National Bancorp IN now owns 1,031 shares of the health services provider's stock valued at $284,000 after purchasing an additional 37 shares during the period. IHT Wealth Management LLC increased its position in shares of Cigna Group by 2.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,535 shares of the health services provider's stock valued at $423,000 after purchasing an additional 38 shares during the period. Finally, Whetstone Capital Advisors LLC increased its position in shares of Cigna Group by 4.9% during the 4th quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider's stock valued at $228,000 after purchasing an additional 39 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on CI. Robert W. Baird set a $337.00 target price on Cigna Group in a research note on Friday, May 1st. Guggenheim lifted their target price on Cigna Group from $334.00 to $338.00 and gave the company a "buy" rating in a research note on Monday, May 4th. UBS Group lifted their target price on Cigna Group from $375.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, May 22nd. Piper Sandler cut their target price on Cigna Group from $370.00 to $346.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Cigna Group from a "buy" rating to a "hold" rating and cut their target price for the company from $303.00 to $302.00 in a research note on Wednesday, May 20th. One 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $338.30.
Check Out Our Latest Stock Analysis on CI
About Cigna Group
(
Get Free Report)
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.
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