Live Oak Investment Partners Purchases New Position in Cigna Group $CI

Live Oak Investment Partners purchased a new stake in shares of Cigna Group (NYSE:CI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,773 shares of the health services provider’s stock, valued at approximately $764,000.

A number of other large investors have also added to or reduced their stakes in CI. Wilkerson Advisory Group LLC bought a new position in shares of Cigna Group during the 4th quarter valued at approximately $25,000. Johnson Financial Group Inc. purchased a new position in shares of Cigna Group in the second quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new stake in Cigna Group in the fourth quarter worth $29,000. Prosperity Bancshares Inc purchased a new stake in Cigna Group during the fourth quarter valued at $29,000. Finally, Cedar Mountain Advisors LLC raised its stake in Cigna Group by 161.9% during the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group cut shares of Cigna Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $336.00 to $307.00 in a research note on Tuesday, August 4th. Wall Street Zen cut shares of Cigna Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Cantor Fitzgerald increased their price target on shares of Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Raymond James Financial lowered Cigna Group from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $350.00 to $320.00 in a research report on Monday, August 3rd. Finally, Morgan Stanley boosted their price objective on Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Fifteen research 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, Cigna Group has an average rating of “Moderate Buy” and a consensus price target of $339.45.

Cigna Group Stock Down 0.4%

Shares of NYSE CI opened at $277.36 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $73.29 billion, a P/E ratio of 11.48, a PEG ratio of 0.96 and a beta of 0.29. Cigna Group has a 1 year low of $239.51 and a 1 year high of $315.47. The firm has a 50-day simple moving average of $285.03 and a two-hundred day simple moving average of $281.41.

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

Cigna Group Dividend Announcement

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

Insiders Place Their Bets

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the stock in a transaction 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 sale, 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 SEC, which is available at this hyperlink. Also, insider Nicole S. Jones sold 19,436 shares of Cigna Group stock in a transaction 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 of the company’s stock, valued at approximately $7,530,015.12. This trade represents 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. Company insiders own 0.60% of the company’s stock.

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.