Legal & General Group Plc Invests $542.78 Million in Cigna Group $CI

Legal & General Group Plc purchased a new stake in shares of Cigna Group (NYSE:CI) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,968,875 shares of the health services provider’s stock, valued at approximately $542,779,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after acquiring an additional 318 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Cigna Group by 10.4% in the second quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider’s stock worth $384,000 after purchasing an additional 109 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Cigna Group by 4.5% during the second quarter. NewEdge Advisors LLC now owns 22,225 shares of the health services provider’s stock worth $7,347,000 after purchasing an additional 958 shares during the period. Treasurer of the State of North Carolina grew its position in Cigna Group by 16.6% during the second quarter. Treasurer of the State of North Carolina now owns 148,840 shares of the health services provider’s stock valued at $49,204,000 after purchasing an additional 21,173 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in Cigna Group during the second quarter valued at approximately $163,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Jamie G. Kates sold 899 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $298.61, for a total transaction of $268,450.39. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $5,369,583.72. Following the completion of the transaction, the insider directly owned 27,256 shares in the company, valued at $7,530,015.12. The trade was a 41.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 23,012 shares of company stock worth $6,386,550. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Stock Performance

CI stock opened at $280.32 on Tuesday. The firm has a 50 day moving average of $283.92 and a two-hundred day moving average of $281.48. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47. The company has a market capitalization of $74.07 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.95 and a beta of 0.29. The company has a quick ratio of 0.76, a current 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. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The business had revenue of $70.04 billion for the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter last year, the firm earned $7.20 EPS. Cigna Group’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. As a group, equities analysts anticipate that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be given 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 Tuesday, September 8th. Cigna Group’s dividend payout ratio is presently 25.82%.

Analyst Ratings Changes

CI has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Cigna Group in a research note on Tuesday, June 16th. Piper Sandler cut their price objective on Cigna Group from $370.00 to $346.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. UBS Group lifted their price objective on Cigna Group from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Jefferies Financial Group lowered Cigna Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $336.00 to $307.00 in a research report on Tuesday, August 4th. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $339.45.

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.