Mystic Asset Management Inc. Acquires New Holdings in Cigna Group $CI

Mystic Asset Management Inc. purchased a new stake in Cigna Group (NYSE:CI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,187 shares of the health services provider’s stock, valued at approximately $2,808,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CI. Wilkerson Advisory Group LLC purchased a new stake in shares of Cigna Group during the fourth quarter worth about $25,000. Cedar Mountain Advisors LLC grew its stake in shares of Cigna Group by 161.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after buying an additional 68 shares during the period. Johnson Financial Group Inc. acquired a new stake in Cigna Group during the second quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new stake in Cigna Group during the 4th quarter worth approximately $29,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Cigna Group in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Cigna Group Trading Down 1.1%

NYSE:CI opened at $274.50 on Friday. The company has a market cap of $72.53 billion, a PE ratio of 11.36, a P/E/G ratio of 0.95 and a beta of 0.29. The business’s 50 day moving average is $284.63 and its two-hundred day moving average is $281.41. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.60 by $0.18. The firm had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, analysts predict that Cigna Group will post 30.51 EPS for the current year.

Cigna Group Announces Dividend

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

Analysts Set New Price Targets

CI has been the subject of a number of recent research reports. Mizuho increased their target price on Cigna Group from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Morgan Stanley lifted their price objective on Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Wells Fargo & Company upped 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. Robert W. Baird set a $362.00 price target on shares of Cigna Group in a research report on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price target on shares of Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $339.45.

Insider Transactions at Cigna Group

In other news, CAO Jamie G. Kates sold 899 shares of Cigna Group stock in a transaction dated Friday, June 12th. The shares were 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 directly owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. The trade was a 27.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole S. Jones sold 19,436 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the sale, the insider directly owned 27,256 shares of the company’s stock, valued at approximately $7,530,015.12. This represents a 41.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 23,012 shares of company stock worth $6,386,550. Insiders own 0.60% of the company’s stock.

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.