Cigna Group (NYSE:CI - Get Free Report) insider Everett Neville sold 617 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total value of $175,258.85. Following the completion of the transaction, the insider directly owned 5,053 shares in the company, valued at $1,435,304.65. The trade was a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cigna Group Stock Performance
Shares of CI stock opened at $276.12 on Wednesday. The stock has a 50-day moving average of $283.56 and a 200-day moving average of $280.84. Cigna Group has a one year low of $239.51 and a one year high of $315.47. The stock has a market cap of $72.96 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.97 and a beta of 0.31. 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 - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $70.04 billion during the quarter, compared to analysts' expectations of $70.14 billion. During the same quarter in the previous year, the company earned $7.20 earnings per share. The business'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, sell-side analysts expect that Cigna Group will post 30.51 earnings per share for the current year.
Cigna Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be issued 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 payout ratio is 25.82%.
Institutional Trading of Cigna Group
Institutional investors have recently modified their holdings of the company. Wilkerson Advisory Group LLC bought a new position in shares of Cigna Group during the fourth quarter worth about $25,000. Osbon Capital Management LLC bought a new stake in Cigna Group in the 2nd quarter valued at approximately $26,000. Johnson Financial Group Inc. bought a new stake in Cigna Group in the 2nd quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in Cigna Group during the 4th quarter worth approximately $29,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Cigna Group during the 4th quarter worth approximately $29,000. 86.99% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on CI shares. UBS Group raised their price objective on Cigna Group from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft downgraded Cigna Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $303.00 to $302.00 in a report on Wednesday, May 20th. Guggenheim lifted their price objective on Cigna Group from $338.00 to $361.00 and gave the company a "buy" rating in a report on Friday, July 31st. Sanford C. Bernstein boosted their price objective on Cigna Group from $371.00 to $381.00 and gave the company an "outperform" rating in a research report on Thursday, July 9th. Finally, Morgan Stanley increased their target price on Cigna Group from $355.00 to $361.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 20th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $339.45.
Read Our Latest Research Report on CI
About Cigna Group
(
Get Free Report)
The Cigna Group (NYSE: CI) is a global health services company that helps individuals, employers, health plans and government organizations access health care and related services. The company operates primarily through two businesses: Cigna Healthcare, which provides medical, behavioral health, dental and other health benefit products and services, and Evernorth Health Services, which offers pharmacy, care delivery and health benefits solutions.
Evernorth includes Express Scripts, a pharmacy benefit services provider that manages prescription drug benefits and operates home delivery and specialty pharmacy services.
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