Estate Counselors LLC Sells 6,390 Shares of Cigna Group $CI

Estate Counselors LLC lowered its position in Cigna Group (NYSE:CI) by 46.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,288 shares of the health services provider’s stock after selling 6,390 shares during the quarter. Estate Counselors LLC’s holdings in Cigna Group were worth $1,944,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Evercore Wealth Management LLC increased its position in Cigna Group by 2.8% in the 1st quarter. Evercore Wealth Management LLC now owns 1,301 shares of the health services provider’s stock valued at $347,000 after acquiring an additional 35 shares during the period. KCM Investment Advisors LLC lifted its holdings in shares of Cigna Group by 4.9% during the first quarter. KCM Investment Advisors LLC now owns 2,129 shares of the health services provider’s stock worth $568,000 after purchasing an additional 100 shares during the period. Glen Eagle Advisors LLC lifted its holdings in shares of Cigna Group by 60.9% during the first quarter. Glen Eagle Advisors LLC now owns 177 shares of the health services provider’s stock worth $47,000 after purchasing an additional 67 shares during the period. Quantinno Capital Management LP grew its stake in shares of Cigna Group by 30.0% in the first quarter. Quantinno Capital Management LP now owns 205,037 shares of the health services provider’s stock worth $54,694,000 after purchasing an additional 47,304 shares during the last quarter. Finally, SummitTX Capital L.P. bought a new stake in shares of Cigna Group in the first quarter worth $706,000. Institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Jefferies Financial Group lowered their target price on Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Morgan Stanley upped their price target on Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Wells Fargo & Company increased their price target 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. Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Sanford C. Bernstein lifted their price objective on Cigna Group from $371.00 to $381.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Cigna Group has a consensus rating of “Moderate Buy” and an average target price of $338.80.

Cigna Group Stock Performance

Shares of CI opened at $291.35 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day moving average price of $286.15 and a two-hundred day moving average price of $280.80. The firm has a market capitalization of $77.07 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.12 and a beta of 0.29. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47.

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

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio is presently 26.45%.

Insider Activity at Cigna Group

In related news, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction that occurred 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 transaction, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 that occurred 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 transaction, the chief accounting officer owned 2,368 shares of the company’s stock, valued at $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently 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.