Keystone Financial Planning Inc. Acquires 13,510 Shares of Cigna Group $CI

Keystone Financial Planning Inc. bought a new position in shares of Cigna Group (NYSE:CI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,510 shares of the health services provider’s stock, valued at approximately $3,672,000. Cigna Group accounts for about 0.7% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds have also added to or reduced their stakes in CI. BlackRock Inc. increased its stake in shares of Cigna Group by 3.7% in the 2nd 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 in the last quarter. GQG Partners LLC bought a new position in Cigna Group during the second quarter worth $1,628,918,000. Bank of America Corp DE boosted its stake in Cigna Group by 8.8% during the first quarter. Bank of America Corp DE now owns 3,182,083 shares of the health services provider’s stock worth $848,821,000 after acquiring an additional 256,677 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Cigna Group by 9.8% in the fourth 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Cigna Group by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,426,218 shares of the health services provider’s stock worth $647,008,000 after purchasing an additional 236,340 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cigna Group

In other news, insider Nicole S. Jones sold 2,677 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $279.61, for a total value of $748,515.97. Following the completion of the sale, the insider owned 25,880 shares in the company, valued at $7,236,306.80. This represents a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Everett Neville sold 617 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total transaction of $175,258.85. Following the completion of the sale, the insider owned 5,053 shares of the company’s stock, valued at approximately $1,435,304.65. This represents a 10.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,730 shares of company stock valued at $6,293,359 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Cigna Group Stock Up 0.9%

Cigna Group stock opened at $281.10 on Friday. The firm has a market capitalization of $74.28 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.94 and a beta of 0.29. The firm’s fifty day moving average price is $277.35 and its two-hundred day moving average price is $280.94. Cigna Group has a 1-year low of $239.51 and a 1-year high of $312.18. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, beating the consensus estimate of $7.60 by $0.18. The business had revenue of $71.56 billion for the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, equities research analysts predict that Cigna Group will post 30.5 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CI shares. UBS Group reiterated a “buy” rating on shares of Cigna Group in a report on Thursday, October 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Cigna Group in a research note on Friday, October 2nd. Wells Fargo & Company boosted their target price 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. Jefferies Financial Group downgraded Cigna Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $336.00 to $307.00 in a research note on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cigna Group in a report on Thursday, August 27th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.