Cigna Group $CI Shares Newly Acquired by Sivik Global Healthcare LLC

Sivik Global Healthcare LLC purchased a new position in shares of Cigna Group (NYSE:CI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,203 shares of the health services provider’s stock, valued at approximately $3,589,000. Cigna Group comprises 2.2% of Sivik Global Healthcare LLC’s holdings, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC boosted its holdings in shares of Cigna Group by 37.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 12,133 shares of the health services provider’s stock worth $3,298,000 after buying an additional 3,313 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Cigna Group by 1,254.2% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 2,722 shares of the health services provider’s stock valued at $740,000 after acquiring an additional 2,521 shares during the period. Mirador Capital Partners LP bought a new position in Cigna Group in the 3rd quarter valued at about $2,466,000. GK Wealth Management LLC lifted its position in Cigna Group by 9.7% during the third quarter. GK Wealth Management LLC now owns 836 shares of the health services provider’s stock worth $227,000 after acquiring an additional 74 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in Cigna Group by 26.1% during the third quarter. Wedmont Private Capital now owns 11,623 shares of the health services provider’s stock worth $3,159,000 after acquiring an additional 2,406 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

CI has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Cigna Group in a report on Thursday, August 27th. Robert W. Baird set a $362.00 target price on Cigna Group in a research note on Friday, July 31st. Evercore started coverage on Cigna Group in a report on Wednesday, September 9th. They set an “in-line” rating and a $290.00 price target for the company. Barclays boosted their price target on Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $337.00 price objective on shares of Cigna Group in a report on Thursday, October 1st. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and a consensus target price of $338.24.

Cigna Group Stock Performance

Shares of NYSE:CI traded down $0.22 on Tuesday, reaching $283.12. 479,565 shares of the company’s stock were exchanged, compared to its average volume of 1,667,322. Cigna Group has a twelve month low of $239.51 and a twelve month high of $311.34. The company has a fifty day moving average of $277.43 and a 200-day moving average of $281.20. The company has a market capitalization of $74.81 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.95 and a beta of 0.29. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.

Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, beating analysts’ consensus estimates of $7.60 by $0.18. The company had revenue of $71.56 billion during the quarter, compared to the consensus estimate of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, research analysts predict that Cigna Group will post 30.50 EPS for the current fiscal year.

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th were given a $1.56 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $6.24 annualized dividend and a yield of 2.2%. Cigna Group’s dividend payout ratio (DPR) is currently 25.82%.

Insider Activity at Cigna Group

In other Cigna Group news, insider Nicole Jones sold 2,677 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $279.61, for a total transaction of $748,515.97. Following the sale, the insider directly owned 25,880 shares of the company’s stock, valued at $7,236,306.80. The trade was a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Everett Neville sold 617 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total transaction of $175,258.85. Following the completion of the transaction, the insider owned 5,053 shares of the company’s stock, valued at approximately $1,435,304.65. This trade represents a 10.88% 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. Over the last quarter, insiders have sold 22,730 shares of company stock worth $6,293,359. 0.60% of the stock is owned by corporate insiders.

About Cigna Group

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.