Cibc World Market Inc. Purchases Shares of 37,134 Cigna Group $CI

Cibc World Market Inc. acquired a new position in shares of Cigna Group (NYSE:CI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,134 shares of the health services provider’s stock, valued at approximately $10,237,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wilkerson Advisory Group LLC acquired a new stake in shares of Cigna Group during the 4th quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in Cigna Group during the second quarter worth approximately $26,000. Cedar Mountain Advisors LLC grew its holdings in shares of Cigna Group by 161.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Cigna Group in the 2nd quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in Cigna Group in the fourth quarter valued at approximately $29,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CI. Sanford C. Bernstein upped their price objective on Cigna Group from $371.00 to $381.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cigna Group in a research report on Monday, June 1st. Robert W. Baird set a $362.00 target price on Cigna Group in a research note on Friday, July 31st. Barclays increased their target price on shares of Cigna Group from $304.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Piper Sandler reduced their price target on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and an average price target of $339.45.

Cigna Group Stock Up 1.0%

Shares of NYSE:CI opened at $280.32 on Tuesday. The business has a fifty day simple moving average of $283.92 and a 200 day simple moving average of $281.48. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. The firm has a market cap of $74.07 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.95 and a beta of 0.29. Cigna Group has a 12-month low of $239.51 and a 12-month high of $315.47.

Cigna Group (NYSE:CI) last announced its earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, beating the consensus estimate of $7.60 by $0.18. The business had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Analysts predict that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group’s dividend payout ratio is currently 25.82%.

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.