Sequoia Financial Advisors LLC Buys 18,482 Shares of Cigna Group $CI

Sequoia Financial Advisors LLC raised its stake in Cigna Group (NYSE:CI) by 302.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,592 shares of the health services provider’s stock after acquiring an additional 18,482 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cigna Group were worth $6,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Beacon Financial Strategies CORP bought a new stake in Cigna Group in the 4th quarter valued at $28,000. Lodestone Wealth Management LLC bought a new stake in Cigna Group in the 4th quarter valued at $32,000. Collier Financial bought a new stake in Cigna Group in the 3rd quarter valued at $34,000. Activest Wealth Management increased its holdings in Cigna Group by 1,050.0% in the 4th quarter. Activest Wealth Management now owns 138 shares of the health services provider’s stock valued at $38,000 after acquiring an additional 126 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Cigna Group by 116.4% in the 4th quarter. True Wealth Design LLC now owns 158 shares of the health services provider’s stock valued at $43,000 after acquiring an additional 85 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cigna Group from $301.00 to $304.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. TD Cowen lifted their price target on shares of Cigna Group from $333.00 to $338.00 and gave the company a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada lifted their price objective on shares of Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. UBS Group reissued a “buy” rating and issued a $375.00 price objective on shares of Cigna Group in a research note on Monday, February 9th. Finally, Robert W. Baird set a $337.00 price objective on shares of Cigna Group in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Cigna Group currently has an average rating of “Moderate Buy” and an average target price of $338.35.

Cigna Group Stock Performance

Shares of NYSE:CI opened at $288.01 on Friday. Cigna Group has a 52 week low of $239.51 and a 52 week high of $338.89. The stock has a market capitalization of $76.19 billion, a P/E ratio of 12.21, a PEG ratio of 0.99 and a beta of 0.30. The firm has a fifty day simple moving average of $274.29 and a two-hundred day simple moving average of $276.32. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The business had revenue of $68.52 billion during the quarter, compared to analysts’ expectations of $66.29 billion. During the same period last year, the company posted $6.74 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, analysts expect that Cigna Group will post 30.39 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is 26.45%.

Insider Activity

In other news, insider Everett Neville sold 1,719 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $288.91, for a total value of $496,636.29. Following the completion of the sale, the insider owned 5,670 shares in the company, valued at approximately $1,638,119.70. This trade represents a 23.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole S. Jones sold 2,307 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $288.91, for a total transaction of $666,515.37. Following the completion of the sale, the insider owned 32,647 shares of the company’s stock, valued at $9,432,044.77. This trade represents a 6.60% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by company insiders.

About Cigna Group

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.