Edmond DE Rothschild Holding S.A. Purchases Shares of 1,888 Cigna Group $CI

Edmond DE Rothschild Holding S.A. purchased a new stake in Cigna Group (NYSE:CI) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,888 shares of the health services provider’s stock, valued at approximately $520,000.

A number of other hedge funds have also modified their holdings of CI. Wilkerson Advisory Group LLC acquired a new position in Cigna Group during the 4th quarter worth approximately $25,000. Cedar Mountain Advisors LLC raised its holdings in shares of Cigna Group by 161.9% in the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 68 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Cigna Group in the second quarter valued at approximately $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Cigna Group in the fourth quarter worth $29,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Cigna Group in the fourth quarter worth $29,000. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Price Performance

NYSE:CI opened at $274.50 on Friday. The stock has a market capitalization of $72.53 billion, a PE ratio of 11.36, a P/E/G ratio of 0.95 and a beta of 0.29. Cigna Group has a 1-year low of $239.51 and a 1-year high of $315.47. The firm has a fifty day simple moving average of $284.63 and a 200 day simple moving average of $281.41. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.60 by $0.18. The firm 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 company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, research analysts expect that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently announced 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. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group’s dividend payout ratio is presently 25.82%.

Wall Street Analyst Weigh In

CI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Cigna Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $303.00 to $302.00 in a research report on Wednesday, May 20th. Robert W. Baird set a $362.00 price target on shares of Cigna Group in a research report on Friday, July 31st. Royal Bank Of Canada raised their price objective on Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Cigna Group in a report on Monday, June 1st. Finally, Guggenheim lifted their target price on Cigna Group from $338.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Fifteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $339.45.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 2,677 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $279.61, for a total transaction of $748,515.97. Following the transaction, the insider owned 25,880 shares of the company’s stock, valued at $7,236,306.80. The trade was a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total value of $268,450.39. Following the completion of the sale, the chief accounting officer owned 2,368 shares in the company, valued at $707,108.48. This represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,012 shares of company stock worth $6,386,550. 0.60% of the stock is owned by insiders.

Cigna Group Company 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.