Elevation Point Wealth Partners LLC Buys Shares of 2,748 Cigna Group $CI

Elevation Point Wealth Partners LLC bought a new position in shares of Cigna Group (NYSE:CI) during the second quarter, HoldingsChannel.com reports. The firm bought 2,748 shares of the health services provider’s stock, valued at approximately $758,000.

Other institutional investors also recently modified their holdings of the company. Wilkerson Advisory Group LLC acquired a new stake in shares of Cigna Group in the 4th quarter valued at approximately $25,000. Cedar Mountain Advisors LLC boosted its position in shares of Cigna Group by 161.9% during the first 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 shares of Cigna Group during the second quarter worth $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of Cigna Group in the 4th quarter valued at $29,000. Finally, Prosperity Bancshares Inc acquired a new position in Cigna Group in the fourth quarter valued at about $29,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Nicole S. Jones sold 2,677 shares of the 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 completion of the transaction, the insider directly owned 25,880 shares of the company’s stock, valued at approximately $7,236,306.80. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 firm’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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,012 shares of company stock worth $6,386,550 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CI. Piper Sandler dropped their price target on Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lowered Cigna Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $303.00 to $302.00 in a research report on Wednesday, May 20th. Jefferies Financial Group downgraded shares of Cigna Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. Finally, Wells Fargo & Company upped their price target on shares of Cigna Group from $305.00 to $307.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $339.45.

Cigna Group Trading Up 1.0%

NYSE CI opened at $280.32 on Tuesday. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day moving average price is $283.92 and its two-hundred day moving average price is $281.48. The stock has a market capitalization of $74.07 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.95 and a beta of 0.29.

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

Cigna Group Dividend Announcement

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

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.