Cigna Group $CI Shares Newly Acquired by Dickmeyer Boyce Financial Management Inc.

Dickmeyer Boyce Financial Management Inc. acquired a new position in shares of Cigna Group (NYSE:CI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,630 shares of the health services provider’s stock, valued at approximately $987,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its position in Cigna Group by 3.7% in the second quarter. BlackRock Inc. now owns 23,438,250 shares of the health services provider’s stock valued at $6,461,457,000 after acquiring an additional 840,098 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Cigna Group in the 2nd quarter valued at approximately $1,628,918,000. Bank of America Corp DE grew its holdings in shares of Cigna Group by 8.8% during the 1st quarter. Bank of America Corp DE now owns 3,182,083 shares of the health services provider’s stock valued at $848,821,000 after purchasing an additional 256,677 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Cigna Group by 9.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,958,656 shares of the health services provider’s stock worth $814,311,000 after purchasing an additional 263,036 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Cigna Group by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,426,218 shares of the health services provider’s stock valued at $647,008,000 after purchasing an additional 236,340 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Everett Neville sold 617 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total transaction of $175,258.85. Following the transaction, the insider directly owned 5,053 shares of the company’s stock, valued at $1,435,304.65. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole 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 transaction of $5,369,583.72. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,730 shares of company stock worth $6,293,359 in the last quarter. 0.60% of the stock is owned by corporate insiders.

Cigna Group Trading Up 0.4%

Shares of NYSE:CI traded up $1.25 during midday trading on Thursday, reaching $279.76. The company’s stock had a trading volume of 419,453 shares, compared to its average volume of 1,675,195. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $312.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a 50 day moving average price of $277.48 and a two-hundred day moving average price of $280.81. The firm has a market capitalization of $73.92 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.93 and a beta of 0.29.

Cigna Group (NYSE:CI) last released its 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 return on equity of 19.75% and a net margin of 2.27%.The business had revenue of $71.56 billion during the quarter, compared to analysts’ expectations of $70.14 billion. During the same quarter last year, the firm posted $7.20 earnings per share. The firm’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, analysts forecast that Cigna Group will post 30.5 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th were paid a $1.56 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group’s payout ratio is currently 25.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler set a $370.00 price objective on shares of Cigna Group and gave the company an “overweight” rating in a report on Friday, October 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $337.00 price target on shares of Cigna Group in a research note on Thursday, October 1st. Wells Fargo & Company lifted their price target on shares of Cigna Group from $305.00 to $307.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Barclays boosted their price objective on shares of Cigna Group from $304.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $315.00 target price on shares of Cigna Group in a research report on Tuesday, June 16th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $338.24.

About Cigna Group

The Cigna Group (NYSE: CI) is a global health company that provides health care and related services to individuals, employers, government organizations and health plans. Its operations are primarily organized through Cigna Healthcare and Evernorth Health Services, which together address health coverage, pharmacy services, care delivery and benefit management.

Cigna Healthcare offers medical, dental, behavioral health, disability and other benefits, with a focus on employer-sponsored and individual health plans in the United States as well as international health services.