CHICAGO TRUST Co NA Buys 2,963 Shares of Cigna Group $CI

CHICAGO TRUST Co NA raised its stake in shares of Cigna Group (NYSE:CI) by 281.9% in the 1st quarter, Holdings Channel reports. The firm owned 4,014 shares of the health services provider’s stock after acquiring an additional 2,963 shares during the period. CHICAGO TRUST Co NA’s holdings in Cigna Group were worth $1,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CI. Wilkerson Advisory Group LLC bought a new position in Cigna Group during the fourth quarter valued at approximately $25,000. Beacon Financial Strategies CORP purchased a new position in Cigna Group during the 4th quarter valued at approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in Cigna Group in the 4th quarter worth approximately $29,000. Prosperity Bancshares Inc bought a new stake in Cigna Group in the 4th quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Cigna Group during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CI shares. Raymond James Financial set a $340.00 target price on Cigna Group in a research report on Friday, May 1st. The Goldman Sachs Group increased their price objective on shares of Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Barclays cut shares of Cigna Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $310.00 to $304.00 in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cigna Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.30.

Insider Buying and Selling

In related news, CAO Jamie G. Kates sold 899 shares of the firm’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 transaction of $268,450.39. Following the completion of the sale, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This trade represents a 27.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Cordani sold 201,878 shares of Cigna Group stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the sale, the chief executive officer owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This trade represents a 85.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 0.4%

Shares of CI opened at $276.67 on Thursday. The company has a market cap of $73.19 billion, a PE ratio of 11.73, a P/E/G ratio of 1.06 and a beta of 0.29. The business has a fifty day moving average of $284.61 and a 200 day moving average of $279.09. Cigna Group has a 52-week low of $239.51 and a 52-week high of $332.29. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. 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 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, sell-side analysts expect that Cigna Group will post 30.39 EPS for the current year.

Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 4th. Cigna Group’s payout ratio is 26.45%.

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.