Entropy Technologies LP Increases Position in Cigna Group $CI

Entropy Technologies LP lifted its holdings in shares of Cigna Group (NYSE:CI) by 96.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,651 shares of the health services provider’s stock after buying an additional 8,665 shares during the quarter. Entropy Technologies LP’s holdings in Cigna Group were worth $4,708,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CI. Wilkerson Advisory Group LLC purchased a new stake in Cigna Group during the 4th quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Cigna Group in the 4th quarter valued at approximately $29,000. Prosperity Bancshares Inc acquired a new position in shares of Cigna Group in the fourth quarter valued at approximately $29,000. Cedar Mountain Advisors LLC increased 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 period. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Cigna Group during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

CI has been the topic of a number of analyst reports. Jefferies Financial Group lowered their price objective on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. The Goldman Sachs Group boosted their price target on shares of Cigna Group from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Royal Bank Of Canada raised their price objective on shares of Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft cut Cigna Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $303.00 to $302.00 in a research report on Wednesday, May 20th. Finally, Raymond James Financial set a $340.00 price target on Cigna Group in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Cigna Group presently has a consensus rating of “Moderate Buy” and an average target price of $338.80.

Insiders Place Their Bets

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

Cigna Group Stock Up 1.3%

CI stock opened at $290.06 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $286.05 and its 200 day moving average price is $280.78. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. The company has a market cap of $76.73 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.12 and a beta of 0.29.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.60 by $0.19. The company had revenue of $68.52 billion during the quarter, compared to analysts’ expectations of $66.29 billion. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, research analysts expect that Cigna Group will post 30.39 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be paid a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group’s dividend payout ratio (DPR) is presently 26.45%.

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.