PNC Financial Services Group Inc. Sells 14,624 Shares of Cigna Group $CI

PNC Financial Services Group Inc. decreased its position in Cigna Group (NYSE:CI) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,712 shares of the health services provider’s stock after selling 14,624 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cigna Group were worth $72,031,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. OLD National Bancorp IN grew its stake in shares of Cigna Group by 3.7% in the fourth quarter. OLD National Bancorp IN now owns 1,031 shares of the health services provider’s stock worth $284,000 after acquiring an additional 37 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Cigna Group by 1.5% in the third quarter. Physician Wealth Advisors Inc. now owns 2,712 shares of the health services provider’s stock worth $782,000 after acquiring an additional 41 shares during the last quarter. Cookson Peirce & Co. Inc. grew its stake in shares of Cigna Group by 0.8% in the third quarter. Cookson Peirce & Co. Inc. now owns 4,953 shares of the health services provider’s stock worth $1,428,000 after acquiring an additional 41 shares during the last quarter. Signet Financial Management LLC grew its stake in shares of Cigna Group by 0.6% in the third quarter. Signet Financial Management LLC now owns 7,459 shares of the health services provider’s stock worth $2,150,000 after acquiring an additional 41 shares during the last quarter. Finally, Palumbo Wealth Management LLC grew its stake in shares of Cigna Group by 2.3% in the third quarter. Palumbo Wealth Management LLC now owns 1,927 shares of the health services provider’s stock worth $524,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Cigna Group Stock Down 0.4%

Shares of CI opened at $281.84 on Friday. The business’s 50 day moving average is $276.12 and its 200 day moving average is $276.03. The company has a market capitalization of $74.56 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.30. Cigna Group has a 12-month low of $239.51 and a 12-month high of $338.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69.

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

Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid 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 Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is 26.45%.

Insider Activity at Cigna Group

In related news, insider Everett Neville sold 1,719 shares of Cigna Group stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total transaction of $496,636.29. Following the sale, the insider owned 5,670 shares of the company’s stock, valued at approximately $1,638,119.70. This trade represents a 23.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Cordani sold 201,878 shares of Cigna Group stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total value of $59,113,915.96. Following the sale, the chief executive officer directly owned 34,337 shares in the company, valued at $10,054,560.34. This trade represents a 85.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 205,904 shares of company stock valued at $60,277,068. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CI shares. TD Cowen increased their target price on Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Cantor Fitzgerald increased their target price on Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Leerink Partners increased their target price on Cigna Group from $270.00 to $297.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Truist Financial increased their target price on Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft cut Cigna Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $303.00 to $302.00 in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $338.55.

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.