Key Points
- Cigna insider Nicole Jones sold 19,436 shares for approximately $5.37 million at an average price of $276.27, reducing her position by 41.63%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Cigna reported quarterly adjusted EPS of $7.78, beating estimates of $7.60, while revenue rose 6.7% year over year to $70.04 billion. The company also declared a quarterly dividend of $1.56 per share, representing a 2.3% annualized yield.
- Wall Street maintains a “Moderate Buy” consensus, with 15 Buy ratings and 7 Holds and an average price target of $339.45 versus the reported share price of $275.26.
Cigna Group (NYSE:CI - Get Free Report) insider Nicole Jones sold 19,436 shares of Cigna Group stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the transaction, the insider directly owned 27,256 shares in the company, valued at approximately $7,530,015.12. The trade was a 41.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cigna Group Stock Up 1.8%
Shares of CI stock opened at $275.26 on Friday. The firm has a fifty day moving average of $285.90 and a 200-day moving average of $281.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. Cigna Group has a 12-month low of $239.51 and a 12-month high of $315.47. The company has a market capitalization of $72.73 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.93 and a beta of 0.29.
Cigna Group (NYSE:CI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, topping analysts' consensus estimates of $7.60 by $0.18. The business had revenue of $70.04 billion for the quarter, compared to analyst estimates of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, equities research analysts predict that Cigna Group will post 30.51 earnings per share for the current fiscal year.
Cigna Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be paid a $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. Cigna Group's dividend payout ratio (DPR) is currently 25.82%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cigna Group in a research report on Monday, June 1st. Morgan Stanley lifted their target price on Cigna Group from $355.00 to $361.00 and gave the company an "overweight" rating in a research report on Wednesday, May 20th. Guggenheim boosted their target price on Cigna Group from $338.00 to $361.00 and gave the company a "buy" rating in a research note on Friday, July 31st. The Goldman Sachs Group upped their price target on Cigna Group from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Finally, Robert W. Baird set a $362.00 price target on shares of Cigna Group in a research note on Friday, July 31st. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $339.45.
Read Our Latest Research Report on CI
Institutional Trading of Cigna Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Cigna Group by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 26,173,577 shares of the health services provider's stock valued at $7,203,754,000 after purchasing an additional 414,834 shares during the last quarter. State Street Corp grew its stake in Cigna Group by 1.8% in the fourth quarter. State Street Corp now owns 12,339,250 shares of the health services provider's stock valued at $3,396,132,000 after purchasing an additional 224,122 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Cigna Group by 8.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,805,083 shares of the health services provider's stock worth $3,249,113,000 after purchasing an additional 903,334 shares during the last quarter. Dodge & Cox increased its position in shares of Cigna Group by 19.7% during the 4th quarter. Dodge & Cox now owns 11,138,614 shares of the health services provider's stock worth $3,065,681,000 after purchasing an additional 1,833,389 shares during the last quarter. Finally, GQG Partners LLC raised its stake in shares of Cigna Group by 14.3% during the 4th quarter. GQG Partners LLC now owns 7,763,295 shares of the health services provider's stock worth $2,136,699,000 after purchasing an additional 972,302 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.
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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