5,144 Shares in Cigna Group $CI Purchased by Mountain Lake Investment Management LLC

Mountain Lake Investment Management LLC bought a new stake in shares of Cigna Group (NYSE:CI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,144 shares of the health services provider’s stock, valued at approximately $1,483,000. Cigna Group accounts for approximately 1.1% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CI. Harbor Capital Advisors Inc. increased its position in Cigna Group by 119.5% during the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Collier Financial bought a new stake in Cigna Group in the 3rd quarter valued at $34,000. Founders Capital Management boosted its holdings in Cigna Group by 53.0% in the 3rd quarter. Founders Capital Management now owns 153 shares of the health services provider’s stock valued at $44,000 after purchasing an additional 53 shares during the period. Traub Capital Management LLC acquired a new stake in Cigna Group in the 2nd quarter worth $48,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Cigna Group in the 2nd quarter worth $52,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Buying and Selling

In other news, insider Nicole S. Jones sold 2,307 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $666,515.37. Following the completion of the transaction, the insider directly owned 32,647 shares of the company’s stock, valued at approximately $9,432,044.77. This represents a 6.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Everett Neville sold 1,719 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $496,636.29. Following the transaction, the insider owned 5,670 shares of the company’s stock, valued at $1,638,119.70. This trade represents a 23.26% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.70% of the company’s stock.

Cigna Group Price Performance

NYSE:CI opened at $268.39 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50-day moving average of $279.29 and a 200-day moving average of $282.48. Cigna Group has a 52 week low of $239.51 and a 52 week high of $350.00. The company has a market capitalization of $70.73 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.93 and a beta of 0.27.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, beating analysts’ consensus estimates of $7.88 by $0.20. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. The business had revenue of $72.50 billion for the quarter, compared to analysts’ expectations of $69.53 billion. During the same quarter in the previous year, the firm posted $6.64 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.250- EPS. As a group, equities research analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be paid a $1.56 dividend. The ex-dividend date is Thursday, March 5th. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s dividend payout ratio is currently 28.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CI shares. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research raised Cigna Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Piper Sandler lowered their price target on Cigna Group from $374.00 to $370.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Truist Financial upped their price target on Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Sanford C. Bernstein upgraded Cigna Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $307.00 to $358.00 in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.11.

About Cigna Group

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.