Cigna Group $CI Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Cigna Group (NYSE:CI) by 10.8% during the first quarter, HoldingsChannel.com reports. The firm owned 2,426,218 shares of the health services provider’s stock after buying an additional 236,340 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cigna Group were worth $647,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. apricus wealth LLC grew its stake in Cigna Group by 715.9% in the 4th quarter. apricus wealth LLC now owns 9,505 shares of the health services provider’s stock valued at $2,616,000 after buying an additional 8,340 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Cigna Group by 4.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 95,023 shares of the health services provider’s stock worth $27,068,000 after acquiring an additional 4,394 shares during the period. Nisa Investment Advisors LLC lifted its position in Cigna Group by 3.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 105,534 shares of the health services provider’s stock worth $29,046,000 after acquiring an additional 3,814 shares during the last quarter. Nepsis Inc. boosted its holdings in Cigna Group by 10.4% during the fourth quarter. Nepsis Inc. now owns 42,886 shares of the health services provider’s stock valued at $11,804,000 after acquiring an additional 4,046 shares during the period. Finally, OFI Invest Asset Management grew its position in shares of Cigna Group by 8,357.8% in the fourth quarter. OFI Invest Asset Management now owns 33,070 shares of the health services provider’s stock valued at $9,102,000 after purchasing an additional 32,679 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. Wells Fargo & Company increased their target price on Cigna Group from $300.00 to $305.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Cantor Fitzgerald raised their target price on Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen raised Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Jefferies Financial Group cut their price target on Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $338.80.

Insider Buying and Selling at Cigna Group

In related news, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction on 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 of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of Cigna Group stock in a transaction on Friday, June 12th. The stock was sold at an average price of $298.61, for a total transaction of $268,450.39. Following the sale, the chief accounting officer owned 2,368 shares in the company, valued at $707,108.48. This represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

Cigna Group Trading Up 0.1%

Shares of CI opened at $281.72 on Monday. Cigna Group has a 12-month low of $239.51 and a 12-month high of $315.47. 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 has a market capitalization of $74.52 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.08 and a beta of 0.29. The stock’s 50-day moving average price is $286.68 and its 200 day moving average price is $280.43.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, April 30th. The health services provider reported $7.79 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 firm had revenue of $68.52 billion during the quarter, compared to analysts’ expectations of $66.29 billion. During the same quarter in the prior year, the firm posted $6.74 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, research analysts predict that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 4th. Cigna Group’s dividend payout ratio is presently 26.45%.

About Cigna Group

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.