Patriot Financial Group Insurance Agency LLC Boosts Stake in Cigna Group $CI

Patriot Financial Group Insurance Agency LLC lifted its position in Cigna Group (NYSE:CI) by 88.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,572 shares of the health services provider’s stock after purchasing an additional 5,446 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Cigna Group were worth $3,087,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CI. Kenora Financial LLC purchased a new position in Cigna Group during the 1st quarter worth approximately $252,000. apricus wealth LLC lifted its stake in Cigna Group by 7.3% in the first quarter. apricus wealth LLC now owns 10,195 shares of the health services provider’s stock valued at $2,720,000 after buying an additional 690 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Cigna Group by 1,064.9% in the first quarter. Sterling Capital Management LLC now owns 15,691 shares of the health services provider’s stock valued at $4,186,000 after acquiring an additional 14,344 shares during the period. Narus Financial Partners LLC boosted its holdings in shares of Cigna Group by 17.3% in the first quarter. Narus Financial Partners LLC now owns 1,309 shares of the health services provider’s stock valued at $349,000 after acquiring an additional 193 shares during the period. Finally, Wesbanco Bank Inc. grew its position in shares of Cigna Group by 30.9% during the first quarter. Wesbanco Bank Inc. now owns 7,758 shares of the health services provider’s stock worth $2,069,000 after acquiring an additional 1,831 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Cigna Group Stock Up 0.0%

Shares of NYSE:CI opened at $282.84 on Monday. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $338.89. 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’s 50-day simple moving average is $284.66 and its 200-day simple moving average is $278.85. The company has a market cap of $74.82 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.09 and a beta of 0.28.

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

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is currently 26.45%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Cigna Group from $300.00 to $305.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group raised their price objective on shares of Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Barclays lowered shares of Cigna Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $310.00 to $304.00 in a research note on Tuesday, May 26th. Wolfe Research reiterated an “outperform” rating and set a $315.00 target price on shares of Cigna Group in a research note on Tuesday, June 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cigna Group in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $338.30.

Insider Activity at Cigna Group

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the completion of the transaction, the chief accounting officer owned 2,368 shares in the company, valued at approximately $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This trade represents a 85.46% 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. 0.60% of the stock is owned by company insiders.

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.