Cigna Group (NYSE:CI) CEO Sells $59,113,915.96 in Stock

Cigna Group (NYSE:CI) CEO David Cordani sold 201,878 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total value of $59,113,915.96. Following the transaction, the chief executive officer owned 34,337 shares of the company’s stock, valued at $10,054,560.34. This trade represents a 85.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cigna Group Trading Down 2.1%

Shares of NYSE:CI traded down $6.32 during trading hours on Thursday, hitting $294.39. 1,409,339 shares of the company’s stock traded hands, compared to its average volume of 1,709,392. Cigna Group has a 1 year low of $239.51 and a 1 year high of $338.89. The business has a fifty day moving average price of $274.72 and a 200-day moving average price of $275.95. The firm has a market capitalization of $77.88 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.04 and a beta of 0.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.73 and a quick ratio of 0.73.

Cigna Group (NYSE:CI) last announced its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.60 by $0.19. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The business had revenue of $68.52 billion during the quarter, compared to analyst estimates of $66.29 billion. During the same quarter in the previous year, the business earned $6.74 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Equities analysts expect that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.56 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.1%. Cigna Group’s payout ratio is presently 26.45%.

Hedge Funds Weigh In On Cigna Group

Several hedge funds have recently made changes to their positions in CI. Wilkerson Advisory Group LLC acquired a new position in shares of Cigna Group in the 4th quarter valued at $25,000. Beacon Financial Strategies CORP purchased a new stake in Cigna Group in the fourth quarter valued at $28,000. Cedar Mountain Advisors LLC boosted its holdings in Cigna Group by 161.9% in the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 68 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Cigna Group in the fourth quarter valued at $29,000. Finally, Prosperity Bancshares Inc purchased a new stake in Cigna Group in the fourth quarter valued at $29,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on CI. Truist Financial boosted their price objective on shares of Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group boosted their price objective on shares of Cigna Group from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Mizuho set a $330.00 price objective on shares of Cigna Group in a research note on Friday, May 1st. Piper Sandler reduced 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. Finally, Wells Fargo & Company upped their price target on Cigna Group from $300.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $338.35.

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.