Canandaigua National Bank & Trust Co. Takes Position in Cigna Group $CI

Canandaigua National Bank & Trust Co. acquired a new position in shares of Cigna Group (NYSE:CI) in the 2nd quarter, HoldingsChannel reports. The firm acquired 11,258 shares of the health services provider’s stock, valued at approximately $3,104,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CI. Versant Capital Management Inc increased its stake in shares of Cigna Group by 6.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,616 shares of the health services provider’s stock worth $445,000 after acquiring an additional 102 shares during the last quarter. CX Institutional grew its holdings in shares of Cigna Group by 5.7% in the second quarter. CX Institutional now owns 33,831 shares of the health services provider’s stock valued at $9,326,000 after purchasing an additional 1,832 shares during the period. Basecamp Wealth Advisors LLC grew its holdings in shares of Cigna Group by 6.9% in the first quarter. Basecamp Wealth Advisors LLC now owns 920 shares of the health services provider’s stock valued at $245,000 after purchasing an additional 59 shares during the period. FAS Wealth Partners Inc. acquired a new stake in Cigna Group during the first quarter worth about $231,000. Finally, Pine Valley Investments Ltd Liability Co raised its stake in Cigna Group by 16.9% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 15,858 shares of the health services provider’s stock worth $4,230,000 after purchasing an additional 2,287 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Insider Activity

In other Cigna Group news, CEO David Cordani sold 201,878 shares of Cigna Group stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the transaction, the chief executive officer owned 34,337 shares of the company’s stock, valued at $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the completion of the sale, the chief accounting officer owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This trade represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Cigna Group Trading Down 2.9%

CI opened at $273.81 on Wednesday. The business has a fifty day moving average price of $286.39 and a 200 day moving average price of $281.23. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47. The stock has a market capitalization of $72.35 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.97 and a beta of 0.29.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.60 by $0.18. The company had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Sell-side analysts expect that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be paid a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio is currently 25.82%.

Analysts Set New Price Targets

A number of research analysts recently commented on CI shares. Cantor Fitzgerald upped their price objective on Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft cut Cigna Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $303.00 to $302.00 in a research note on Wednesday, May 20th. Royal Bank Of Canada upped their price target on Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen cut Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group raised their price objective on Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and an average price target of $339.45.

Cigna Group Company 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.