National Pension Service Buys 8,680 Shares of Cigna Group $CI

National Pension Service raised its stake in shares of Cigna Group (NYSE:CI) by 1.1% in the second quarter, Holdings Channel reports. The institutional investor owned 794,211 shares of the health services provider’s stock after buying an additional 8,680 shares during the quarter. National Pension Service’s holdings in Cigna Group were worth $218,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Cigna Group by 26,190.2% in the second quarter. California State Teachers Retirement System now owns 106,647,359 shares of the health services provider’s stock valued at $29,400,544,000 after acquiring an additional 106,241,705 shares during the period. GQG Partners LLC bought a new stake in Cigna Group during the 2nd quarter worth approximately $1,628,918,000. Norges Bank bought a new stake in Cigna Group during the 4th quarter worth approximately $1,019,790,000. Northwestern Mutual Wealth Management Co. lifted its stake in Cigna Group by 13,333.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,165,408 shares of the health services provider’s stock worth $900,912,000 after purchasing an additional 3,141,844 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Cigna Group in the 2nd quarter valued at $827,692,000. 86.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CI has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on Cigna Group from $305.00 to $307.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Mizuho upped their target price on Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Jefferies Financial Group cut Cigna Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $336.00 to $307.00 in a report on Tuesday, August 4th. Barclays boosted their price objective on Cigna Group from $304.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cigna Group in a research report on Thursday, August 27th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cigna Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.10.

Insider Buying and Selling

In other news, insider Everett Neville sold 617 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total value of $175,258.85. Following the completion of the sale, the insider owned 5,053 shares of the company’s stock, valued at approximately $1,435,304.65. This represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the insider owned 27,256 shares in the company, valued at approximately $7,530,015.12. The trade was a 41.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,730 shares of company stock worth $6,293,359 over the last quarter. Company insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 0.8%

CI opened at $280.32 on Friday. 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 fifty day simple moving average is $283.45 and its 200 day simple moving average is $280.78. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. The stock has a market cap of $74.07 billion, a PE ratio of 11.60, a P/E/G ratio of 0.96 and a beta of 0.31.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.60 by $0.18. The firm had revenue of $70.04 billion during the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $7.20 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio (DPR) is presently 25.82%.

Cigna Group Company 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.