Pzena Investment Management LLC Sells 16,412 Shares of Cigna Group $CI

Pzena Investment Management LLC lowered its position in shares of Cigna Group (NYSE:CI) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 562,036 shares of the health services provider’s stock after selling 16,412 shares during the quarter. Pzena Investment Management LLC’s holdings in Cigna Group were worth $154,942,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of Cigna Group by 10.0% in the first quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock valued at $17,515,000 after acquiring an additional 5,963 shares during the last quarter. Victory Capital Management Inc. boosted its position in Cigna Group by 41.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,348,713 shares of the health services provider’s stock valued at $371,206,000 after purchasing an additional 392,978 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Cigna Group by 12.1% during the second quarter. Handelsbanken Fonder AB now owns 82,825 shares of the health services provider’s stock valued at $22,833,000 after purchasing an additional 8,960 shares during the last quarter. WASHINGTON TRUST Co grew its stake in Cigna Group by 297.0% in the fourth quarter. WASHINGTON TRUST Co now owns 5,296 shares of the health services provider’s stock valued at $1,458,000 after purchasing an additional 3,962 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Cigna Group by 4.8% in the second quarter. TD Asset Management Inc now owns 249,966 shares of the health services provider’s stock valued at $68,911,000 after purchasing an additional 11,471 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CI. Piper Sandler dropped their price objective on Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft cut shares of Cigna Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $303.00 to $302.00 in a research note on Wednesday, May 20th. Sanford C. Bernstein boosted their target price on shares of Cigna Group from $371.00 to $381.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cigna Group in a research report on Monday, June 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $315.00 price target on shares of Cigna Group in a research note on Tuesday, June 16th. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $339.45.

Cigna Group Stock Down 2.7%

CI stock opened at $275.03 on Tuesday. Cigna Group has a 1-year low of $239.51 and a 1-year high of $315.47. The business’s 50 day simple moving average is $285.73 and its 200 day simple moving average is $281.32. 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 firm has a market capitalization of $72.67 billion, a PE ratio of 11.38, a PEG ratio of 0.97 and a beta of 0.29.

Cigna Group (NYSE:CI) last announced its quarterly earnings results 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 return on equity of 19.75% and a net margin of 2.27%.The business had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter last year, the firm posted $7.20 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, research analysts anticipate that Cigna Group will post 30.51 EPS for the current year.

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio (DPR) is currently 25.82%.

Insider Activity

In other Cigna Group news, insider Nicole S. Jones sold 19,436 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the sale, the insider directly owned 27,256 shares in the company, valued at $7,530,015.12. This trade represents a 41.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the sale, the chief accounting officer owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This represents a 27.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

About Cigna Group

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.