Cigna Group $CI Stock: State of Alaska Department of Revenue Boosts Position

State of Alaska Department of Revenue boosted its holdings in shares of Cigna Group (NYSE:CI) by 192.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,325 shares of the health services provider’s stock after acquiring an additional 62,126 shares during the period. State of Alaska Department of Revenue’s holdings in Cigna Group were worth $25,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CI. BlackRock Inc. grew its position in shares of Cigna Group by 3.7% in the second quarter. BlackRock Inc. now owns 23,438,250 shares of the health services provider’s stock valued at $6,461,457,000 after purchasing an additional 840,098 shares during the last quarter. GQG Partners LLC acquired a new position in shares of Cigna Group during the 2nd quarter worth approximately $1,628,918,000. Bank of America Corp DE raised its position in shares of Cigna Group by 8.8% during the 1st quarter. Bank of America Corp DE now owns 3,182,083 shares of the health services provider’s stock worth $848,821,000 after purchasing an additional 256,677 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cigna Group by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,426,218 shares of the health services provider’s stock worth $647,008,000 after purchasing an additional 236,340 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Cigna Group in the 2nd quarter valued at approximately $542,779,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Cigna Group Trading Up 3.0%

Shares of NYSE CI traded up $8.78 during midday trading on Thursday, reaching $298.36. 773,995 shares of the stock were exchanged, compared to its average volume of 1,666,098. The stock has a 50 day moving average price of $277.98 and a 200-day moving average price of $281.41. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $78.84 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.95 and a beta of 0.29. Cigna Group has a 52-week low of $239.51 and a 52-week high of $311.34.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, July 30th. The health services provider reported $7.78 earnings per share (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 $71.56 billion for the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter in the prior year, the firm posted $7.20 earnings per share. 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. Equities research analysts expect that Cigna Group will post 30.50 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th were issued a $1.56 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $6.24 annualized dividend and a yield of 2.1%. Cigna Group’s payout ratio is 25.82%.

Insiders Place Their Bets

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 completion of the sale, the insider owned 5,053 shares of the company’s stock, valued at $1,435,304.65. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $276.27, for a total value of $5,369,583.72. Following the completion of the transaction, the insider owned 27,256 shares of the company’s stock, valued at $7,530,015.12. The trade was 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. In the last three months, insiders have sold 22,730 shares of company stock worth $6,293,359. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CI. Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Raymond James Financial cut Cigna Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $350.00 to $320.00 in a report on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $337.00 price target on shares of Cigna Group in a report on Thursday, October 1st. Piper Sandler set a $370.00 price objective on Cigna Group and gave the company an “overweight” rating in a research report on Friday, October 2nd. Finally, Evercore started coverage on Cigna Group in a research note on Wednesday, September 9th. They set an “in-line” rating and a $290.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Cigna Group presently has an average rating of “Moderate Buy” and an average price target of $338.24.

Cigna Group Company Profile

The Cigna Group (NYSE: CI) is a global health company that provides health care and related services to individuals, employers, government organizations and health plans. Its operations are primarily organized through Cigna Healthcare and Evernorth Health Services, which together address health coverage, pharmacy services, care delivery and benefit management.

Cigna Healthcare offers medical, dental, behavioral health, disability and other benefits, with a focus on employer-sponsored and individual health plans in the United States as well as international health services.