Engineers Gate Manager LP Purchases 17,897 Shares of Cigna Group $CI

Engineers Gate Manager LP raised its position in Cigna Group (NYSE:CI) by 218.5% during the second quarter, HoldingsChannel.com reports. The firm owned 26,087 shares of the health services provider’s stock after purchasing an additional 17,897 shares during the period. Engineers Gate Manager LP’s holdings in Cigna Group were worth $7,192,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wilkerson Advisory Group LLC purchased a new position in shares of Cigna Group during the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new stake in shares of Cigna Group in the second quarter worth approximately $26,000. Cedar Mountain Advisors LLC lifted 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 worth $29,000 after acquiring an additional 68 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Cigna Group during the 2nd quarter worth approximately $29,000. Finally, Fiduciary Financial Advisors purchased a new position in Cigna Group during the 2nd quarter valued at $29,000. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group increased their target price on Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Morgan Stanley boosted their target price on shares of Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Wall Street Zen cut shares of Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday. Evercore initiated coverage on shares of Cigna Group in a research note on Wednesday. They issued an “in-line” rating and a $290.00 price target on the stock. Finally, Barclays lifted their price objective on shares of Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.10.

Cigna Group Stock Down 0.1%

Shares of Cigna Group stock opened at $280.51 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. Cigna Group has a 1 year low of $239.51 and a 1 year high of $315.47. The firm’s 50-day moving average is $283.31 and its two-hundred day moving average is $280.78. The stock has a market cap of $74.12 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.96 and a beta of 0.31.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, beating the consensus estimate of $7.60 by $0.18. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The business had revenue of $70.04 billion during the quarter, compared to analyst estimates of $70.14 billion. During the same quarter in the previous year, the business posted $7.20 EPS. The company’s quarterly 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, research analysts expect that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. Cigna Group’s payout ratio is 25.82%.

Insider Buying and Selling

In other news, insider Everett Neville sold 617 shares of Cigna Group stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $284.05, for a total value of $175,258.85. Following the transaction, the insider directly owned 5,053 shares in the company, valued at approximately $1,435,304.65. This trade represents a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole S. Jones sold 19,436 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total value of $5,369,583.72. Following the sale, the insider owned 27,256 shares of the company’s stock, valued at $7,530,015.12. This trade represents a 41.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,730 shares of company stock valued at $6,293,359 in the last three months. 0.60% of the stock is currently owned by insiders.

Cigna Group Profile

The Cigna Group (NYSE: CI) is a global health services company that helps individuals, employers, health plans and government organizations access health care and related services. The company operates primarily through two businesses: Cigna Healthcare, which provides medical, behavioral health, dental and other health benefit products and services, and Evernorth Health Services, which offers pharmacy, care delivery and health benefits solutions.

Evernorth includes Express Scripts, a pharmacy benefit services provider that manages prescription drug benefits and operates home delivery and specialty pharmacy services.