41,861 Shares in Cigna Group $CI Acquired by Commerce Bank

Commerce Bank bought a new position in shares of Cigna Group (NYSE:CI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 41,861 shares of the health services provider’s stock, valued at approximately $11,540,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Wilkerson Advisory Group LLC bought a new stake in shares of Cigna Group during the fourth quarter worth $25,000. Kemnay Advisory Services Inc. bought a new stake in Cigna Group in the 4th quarter valued at $29,000. Prosperity Bancshares Inc bought a new stake in Cigna Group in the 4th quarter valued at $29,000. Johnson Financial Group Inc. acquired a new position in Cigna Group in the 2nd quarter worth $29,000. Finally, Cedar Mountain Advisors LLC boosted its stake in Cigna Group by 161.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after purchasing an additional 68 shares during the period. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. Jefferies Financial Group cut Cigna Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $336.00 to $307.00 in a research report on Tuesday, August 4th. Wolfe Research reiterated an “outperform” rating and set a $315.00 price objective on shares of Cigna Group in a report on Tuesday, June 16th. Morgan Stanley lifted their target price on Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, Sanford C. Bernstein boosted their target price on Cigna Group from $371.00 to $381.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $339.45.

Insider Activity

In related news, insider Nicole S. Jones sold 2,677 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $279.61, for a total transaction of $748,515.97. Following the completion of the transaction, the insider directly owned 25,880 shares of the company’s stock, valued at approximately $7,236,306.80. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 firm’s stock in a transaction that occurred on 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 owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,012 shares of company stock worth $6,386,550 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Cigna Group Stock Down 0.5%

Cigna Group stock opened at $276.19 on Monday. 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 has a 1-year low of $239.51 and a 1-year high of $315.47. The company has a fifty day simple moving average of $284.20 and a 200 day simple moving average of $281.45. The company has a market cap of $72.98 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.95 and a beta of 0.29.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, topping 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 firm had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. During the same period in the previous year, the firm posted $7.20 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Research analysts anticipate that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

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

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.