Boone Capital Management LLC Acquires Shares of 159,290 Cigna Group $CI

Boone Capital Management LLC acquired a new position in shares of Cigna Group (NYSE:CI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 159,290 shares of the health services provider’s stock, valued at approximately $43,913,000. Cigna Group comprises about 10.3% of Boone Capital Management LLC’s portfolio, making the stock its 3rd biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Wilkerson Advisory Group LLC bought a new position in shares of Cigna Group during the fourth quarter valued at about $25,000. Osbon Capital Management LLC bought a new stake in Cigna Group in the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new stake in Cigna Group in the 4th quarter valued at about $29,000. Prosperity Bancshares Inc purchased a new stake in Cigna Group in the 4th quarter valued at about $29,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Cigna Group during the 2nd quarter worth approximately $29,000. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CI shares. Morgan Stanley boosted their target price on Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Wells Fargo & Company increased their price target on Cigna Group from $305.00 to $307.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Robert W. Baird set a $362.00 price target on Cigna Group in a report on Friday, July 31st. Mizuho boosted their price objective on Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Finally, Cantor Fitzgerald upped their price objective on Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Cigna Group currently has a consensus rating of “Moderate Buy” and an average price target of $339.45.

Cigna Group Stock Up 0.6%

CI opened at $281.01 on Thursday. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47. The company’s 50-day moving average price is $283.58 and its two-hundred day moving average price is $281.51. The stock has a market cap of $74.25 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.96 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 posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, topping 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 company had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. During the same quarter in the previous year, the firm posted $7.20 EPS. Cigna Group’s 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, equities analysts expect that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group’s dividend payout ratio is currently 25.82%.

Insiders Place Their Bets

In related news, 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 directly owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This trade represents a 27.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole S. Jones sold 19,436 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was 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 of the company’s stock, 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. Insiders have sold a total of 23,012 shares of company stock worth $6,386,550 in the last ninety days. Insiders own 0.60% of the company’s stock.

Cigna Group 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.