Manning & Napier Advisors LLC Takes $6.06 Million Position in Cigna Group $CI

Manning & Napier Advisors LLC bought a new position in Cigna Group (NYSE:CI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,748 shares of the health services provider’s stock, valued at approximately $6,062,000.

A number of other hedge funds have also added to or reduced their stakes in CI. Wilkerson Advisory Group LLC bought a new stake in shares of Cigna Group in the fourth quarter worth $25,000. Osbon Capital Management LLC purchased a new position in Cigna Group in the second quarter worth about $26,000. Cedar Mountain Advisors LLC grew its stake 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 valued at $29,000 after purchasing an additional 68 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Cigna Group during the 2nd quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Cigna Group during the 4th quarter valued at about $29,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group downgraded shares of Cigna Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Guggenheim increased their price target on shares of Cigna Group from $338.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Piper Sandler dropped 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. Wall Street Zen lowered Cigna Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Royal Bank Of Canada raised their target price on Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $339.45.

Insider Transactions at Cigna Group

In other news, insider Nicole S. Jones sold 2,677 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $279.61, for a total value of $748,515.97. Following the sale, the insider directly owned 25,880 shares in the company, valued at $7,236,306.80. The trade was a 9.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the completion of the transaction, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. The trade was a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,012 shares of company stock worth $6,386,550. Insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 1.0%

NYSE CI opened at $280.32 on Tuesday. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The stock has a market cap of $74.07 billion, a PE ratio of 11.60, a P/E/G ratio of 0.95 and a beta of 0.29. The stock’s 50 day moving average is $283.92 and its 200 day moving average is $281.48.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, topping analysts’ consensus estimates of $7.60 by $0.18. The company had revenue of $70.04 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Research analysts predict that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders 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 (DPR) is presently 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.