Highland Capital Management LLC Boosts Stock Holdings in Cigna Group $CI

Highland Capital Management LLC lifted its stake in Cigna Group (NYSE:CI) by 36.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,365 shares of the health services provider’s stock after purchasing an additional 4,887 shares during the period. Highland Capital Management LLC’s holdings in Cigna Group were worth $5,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Cigna Group by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 304,736 shares of the health services provider’s stock worth $83,872,000 after purchasing an additional 13,798 shares during the period. Vista Capital Partners Inc. purchased a new stake in shares of Cigna Group in the 4th quarter worth about $289,000. Varma Mutual Pension Insurance Co lifted its position in shares of Cigna Group by 3.9% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 42,542 shares of the health services provider’s stock worth $11,709,000 after purchasing an additional 1,600 shares during the period. KPP Advisory Services LLC lifted its position in shares of Cigna Group by 7.6% in the 4th quarter. KPP Advisory Services LLC now owns 1,641 shares of the health services provider’s stock worth $452,000 after purchasing an additional 116 shares during the period. Finally, Estate Counselors LLC purchased a new stake in shares of Cigna Group in the 4th quarter worth about $3,765,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 2,307 shares of Cigna Group stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $666,515.37. Following the completion of the transaction, the insider directly owned 32,647 shares of the company’s stock, valued at $9,432,044.77. The trade was a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Everett Neville sold 1,719 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $496,636.29. Following the completion of the sale, the insider directly owned 5,670 shares in the company, valued at approximately $1,638,119.70. This represents a 23.26% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CI. UBS Group reaffirmed a “buy” rating and issued a $375.00 target price on shares of Cigna Group in a research report on Monday, February 9th. Piper Sandler dropped their price target on Cigna Group from $374.00 to $370.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Robert W. Baird set a $337.00 price target on Cigna Group in a research report on Friday. Royal Bank Of Canada boosted their target price on shares of Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a report on Friday. Finally, The Goldman Sachs Group raised their target price on shares of Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $337.70.

Cigna Group Price Performance

Shares of CI opened at $279.53 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $274.34 and a 200 day moving average of $276.63. Cigna Group has a twelve month low of $239.51 and a twelve month high of $338.89. The company has a market capitalization of $73.66 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.30.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.60 by $0.19. The firm had revenue of $68.52 billion for the quarter, compared to analysts’ expectations of $66.29 billion. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.74 EPS. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, equities research analysts anticipate that Cigna Group will post 30.41 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $1.56 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. Cigna Group’s dividend payout ratio (DPR) is presently 26.45%.

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.