Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 11,017 Cigna Group $CI

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Cigna Group (NYSE:CI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,017 shares of the health services provider’s stock, valued at approximately $3,037,000.

Other large investors have also bought and sold shares of the company. Wilkerson Advisory Group LLC purchased a new position in shares of Cigna Group during the 4th quarter valued at $25,000. Osbon Capital Management LLC purchased a new stake in Cigna Group in the 2nd quarter worth about $26,000. Johnson Financial Group Inc. bought a new stake in Cigna Group in the 2nd quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new stake in Cigna Group in the 4th quarter valued at about $29,000. Finally, Prosperity Bancshares Inc purchased a new stake in Cigna Group during the fourth quarter valued at about $29,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Cigna Group Trading Up 0.4%

Shares of CI opened at $278.89 on Friday. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47. The stock has a market cap of $73.69 billion, a PE ratio of 11.54, a P/E/G ratio of 0.96 and a beta of 0.29. 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 business’s 50-day moving average price is $283.52 and its 200-day moving average price is $281.39.

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

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be issued 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 25.82%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CI. 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 research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Cigna Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $303.00 to $302.00 in a research note on Wednesday, May 20th. Morgan Stanley raised their price objective on shares of Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Guggenheim lifted their price objective on shares of Cigna Group from $338.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Raymond James Financial cut shares of Cigna Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $350.00 to $320.00 in a report on Monday, August 3rd. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $339.45.

Insiders Place Their Bets

In related news, insider Nicole S. Jones sold 19,436 shares of Cigna Group stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the sale, the insider owned 27,256 shares of the company’s stock, valued at approximately $7,530,015.12. This trade represents a 41.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the transaction, the chief accounting officer owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. The trade was a 27.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,012 shares of company stock valued at $6,386,550 over the last 90 days. Company insiders own 0.60% of the company’s stock.

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.