VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in Cigna Group $CI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Cigna Group (NYSE:CI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 55,000 shares of the health services provider’s stock, valued at approximately $15,162,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CI. Assetmark Inc. grew its stake in Cigna Group by 10.0% during the 1st quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock valued at $17,515,000 after acquiring an additional 5,963 shares in the last quarter. Mystic Asset Management Inc. acquired a new position in shares of Cigna Group during the 2nd quarter worth $2,808,000. KBC Group NV raised its holdings in Cigna Group by 6.4% during the second quarter. KBC Group NV now owns 380,034 shares of the health services provider’s stock valued at $104,768,000 after buying an additional 22,978 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Cigna Group in the 2nd quarter valued at approximately $11,043,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Cigna Group in the second quarter worth $4,231,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cigna Group

In other news, CAO Jamie Kates sold 899 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at $707,108.48. The trade was a 27.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole Jones sold 19,436 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total value of $5,369,583.72. Following the sale, the insider owned 27,256 shares in the company, valued at approximately $7,530,015.12. This trade represents a 41.63% decrease in their ownership of the stock. 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. Insiders sold a total of 23,012 shares of company stock worth $6,386,550 over the last three months. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CI has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Cigna Group in a research note on Thursday, August 27th. Sanford C. Bernstein upped their target price on Cigna Group from $371.00 to $381.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Jefferies Financial Group cut Cigna Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $336.00 to $307.00 in a research report on Tuesday, August 4th. Robert W. Baird set a $362.00 price target on shares of Cigna Group in a research note on Friday, July 31st. Finally, Raymond James Financial lowered shares of Cigna Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $350.00 to $320.00 in a report on Monday, August 3rd. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.45.

Cigna Group Stock Down 0.1%

Shares of NYSE:CI opened at $282.24 on Tuesday. The company’s fifty day moving average is $283.56 and its 200-day moving average is $280.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. The company has a market capitalization of $74.58 billion, a PE ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.31.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.60 by $0.18. The firm 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 period last year, the firm posted $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Equities research analysts predict that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be paid a $1.56 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. Cigna Group’s payout ratio is 25.82%.

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.