Deutsche Bank AG Lowers Stock Position in Cigna Group $CI

Deutsche Bank AG reduced its position in shares of Cigna Group (NYSE:CI) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,278,910 shares of the health services provider’s stock after selling 28,582 shares during the period. Deutsche Bank AG’s holdings in Cigna Group were worth $352,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilkerson Advisory Group LLC purchased a new stake in Cigna Group in the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC lifted its position 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 worth $29,000 after buying an additional 68 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Cigna Group in the 4th quarter worth approximately $29,000. Prosperity Bancshares Inc purchased a new position in shares of Cigna Group in the 4th quarter worth approximately $29,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Cigna Group in the second quarter valued at approximately $34,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 owned 2,368 shares in the company, valued at $707,108.48. This trade represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole S. Jones sold 19,436 shares of the company’s stock in a transaction that occurred on 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 owned 27,256 shares in the company, valued at $7,530,015.12. The trade was a 41.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Cigna Group Price Performance

Cigna Group stock opened at $275.03 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The business’s 50 day simple moving average is $285.73 and its 200 day simple moving average is $281.32. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47. The company has a market cap of $72.67 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.97 and a beta of 0.29.

Cigna Group (NYSE:CI) last issued its 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 for the quarter, compared to analyst estimates of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Sell-side analysts forecast that Cigna Group will post 30.51 EPS for the current year.

Cigna Group Dividend Announcement

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 given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio (DPR) is currently 25.82%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CI shares. Sanford C. Bernstein lifted their price target on Cigna Group from $371.00 to $381.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Cantor Fitzgerald upped their price objective on Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Jefferies Financial Group lowered Cigna Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $336.00 to $307.00 in a research report on Tuesday, August 4th. Royal Bank Of Canada lifted their target price on Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Morgan Stanley boosted their price target on shares of Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $339.45.

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.