Storgate LLC Acquires New Holdings in Cigna Group $CI

Storgate LLC acquired a new stake in shares of Cigna Group (NYSE:CI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,614 shares of the health services provider’s stock, valued at approximately $719,000. Cigna Group accounts for approximately 0.6% of Storgate LLC’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Cigna Group by 9.3% in the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after buying an additional 318 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Cigna Group by 10.4% in the second quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider’s stock valued at $384,000 after buying an additional 109 shares during the last quarter. NewEdge Advisors LLC raised its stake in Cigna Group by 4.5% in the second quarter. NewEdge Advisors LLC now owns 22,225 shares of the health services provider’s stock valued at $7,347,000 after buying an additional 958 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Cigna Group by 16.6% in the second quarter. Treasurer of the State of North Carolina now owns 148,840 shares of the health services provider’s stock valued at $49,204,000 after buying an additional 21,173 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in Cigna Group in the second quarter valued at about $163,000. Institutional investors own 86.99% of the company’s stock.

Insider Activity

In other news, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the completion of the transaction, the chief executive officer directly owned 34,337 shares in the company, valued at $10,054,560.34. This trade represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

CI has been the subject of a number of research analyst reports. Truist Financial increased their price target on Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Morgan Stanley increased their price target on Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group increased their price target on Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Robert W. Baird set a $337.00 price target on Cigna Group in a research note on Friday, May 1st. Finally, UBS Group increased their price target on Cigna Group from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.80.

Cigna Group Trading Up 1.0%

Shares of NYSE:CI opened at $297.77 on Friday. Cigna Group has a 52-week low of $239.51 and a 52-week high of $338.89. The stock has a market cap of $78.77 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.14 and a beta of 0.28. 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 business has a 50-day moving average price of $282.53 and a 200-day moving average price of $278.01.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $68.52 billion during the quarter, compared to analysts’ expectations of $66.29 billion. During the same period last year, the business posted $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 predict that Cigna Group will post 30.39 EPS for the current 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 paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, June 4th. 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.