Shah Wealth Advisors LLC Takes Position in Cigna Group $CI

Shah Wealth Advisors LLC acquired a new position in Cigna Group (NYSE:CI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,972 shares of the health services provider’s stock, valued at approximately $819,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CI. Wilkerson Advisory Group LLC acquired a new position in Cigna Group during the fourth quarter worth $25,000. Osbon Capital Management LLC bought a new stake in shares of Cigna Group during the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Cigna Group in the 4th quarter valued at approximately $29,000. Prosperity Bancshares Inc bought a new stake in Cigna Group during the fourth quarter worth approximately $29,000. Finally, Cedar Mountain Advisors LLC raised its position 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. Institutional investors own 86.99% of the company’s stock.

Cigna Group Price Performance

Cigna Group stock opened at $282.24 on Friday. The business has a 50 day simple moving average of $283.51 and a 200 day simple moving average of $281.07. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $74.58 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.98 and a beta of 0.31. Cigna Group has a one year low of $239.51 and a one year high of $315.47.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, beating analysts’ consensus estimates of $7.60 by $0.18. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The firm had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. During the same period in the prior year, the business posted $7.20 earnings per share. The business’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. On average, sell-side analysts forecast that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be issued a dividend of $1.56 per share. 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 currently 25.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CI. Guggenheim lifted their target price on shares of Cigna Group from $338.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group lowered Cigna Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $336.00 to $307.00 in a report on Tuesday, August 4th. Piper Sandler dropped their price objective on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cigna Group in a research note on Thursday, August 27th. Finally, Morgan Stanley boosted their price target on Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Fifteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Cigna Group presently has an average rating of “Moderate Buy” and a consensus price target of $339.45.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole Jones sold 19,436 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the sale, the insider directly owned 27,256 shares of the company’s stock, valued at approximately $7,530,015.12. This represents a 41.63% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Kates sold 899 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $298.61, for a total transaction of $268,450.39. Following the sale, 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. Company insiders own 0.60% of the company’s stock.

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.