Cigna Group (NYSE:CI) CAO Jamie Kates Sells 899 Shares

Cigna Group (NYSE:CI) CAO Jamie Kates sold 899 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $298.61, for a total value of $268,450.39. Following the completion of the transaction, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at $707,108.48. This represents a 27.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Cigna Group Trading Down 0.6%

Shares of CI opened at $292.01 on Wednesday. The company has a market capitalization of $77.25 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.13 and a beta of 0.28. Cigna Group has a one year low of $239.51 and a one year high of $338.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day moving average price of $283.44 and a 200 day moving average price of $278.26.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.60 by $0.19. The firm had revenue of $68.52 billion during 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%.Cigna Group’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Sell-side analysts forecast that Cigna Group will post 30.39 EPS 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. Shareholders of record on Thursday, June 4th will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is currently 26.45%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird set a $337.00 target price on Cigna Group in a report on Friday, May 1st. Wall Street Zen downgraded Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Deutsche Bank Aktiengesellschaft downgraded Cigna Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $303.00 to $302.00 in a report on Wednesday, May 20th. Guggenheim increased their target price on Cigna Group from $334.00 to $338.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reduced their target price on Cigna Group from $333.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $338.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wilkerson Advisory Group LLC bought a new position in Cigna Group during the 4th quarter worth $25,000. Beacon Financial Strategies CORP bought a new position in Cigna Group during the 4th quarter worth $28,000. Cedar Mountain Advisors LLC grew its stake in Cigna Group by 161.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after buying an additional 68 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Cigna Group during the 4th quarter worth $29,000. Finally, Prosperity Bancshares Inc bought a new position in Cigna Group during the 4th quarter worth $29,000. Institutional investors own 86.99% of the company’s stock.

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.