Prudential PLC Acquires 14,652 Shares of Cigna Group $CI

Prudential PLC increased its holdings in Cigna Group (NYSE:CI) by 84.3% in the fourth quarter, HoldingsChannel reports. The firm owned 32,034 shares of the health services provider’s stock after purchasing an additional 14,652 shares during the period. Prudential PLC’s holdings in Cigna Group were worth $8,817,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CI. Beacon Financial Strategies CORP bought a new stake in Cigna Group during the fourth quarter valued at about $28,000. Lodestone Wealth Management LLC bought a new stake in Cigna Group during the fourth quarter valued at about $32,000. Collier Financial bought a new stake in Cigna Group during the third quarter valued at about $34,000. Creative Financial Designs Inc. ADV boosted its holdings in Cigna Group by 147.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 136 shares of the health services provider’s stock valued at $37,000 after acquiring an additional 81 shares during the period. Finally, Activest Wealth Management boosted its holdings in Cigna Group by 1,050.0% during the fourth quarter. Activest Wealth Management now owns 138 shares of the health services provider’s stock valued at $38,000 after acquiring an additional 126 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Insider Activity at Cigna Group

In other news, CEO David Cordani sold 201,878 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the completion of the transaction, the chief executive officer owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 3.4%

Shares of CI opened at $290.17 on Friday. The company has a 50-day simple moving average of $279.58 and a 200-day simple moving average of $277.24. The firm has a market capitalization of $76.76 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.08 and a beta of 0.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73. Cigna Group has a 52 week low of $239.51 and a 52 week high of $338.89.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.60 by $0.19. The business had revenue of $68.52 billion during the quarter, compared to analyst estimates of $66.29 billion. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, equities research analysts expect that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. Cigna Group’s dividend payout ratio is currently 26.45%.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Royal Bank Of Canada upped their price target on shares of Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Mizuho set a $330.00 price target on shares of Cigna Group in a report on Friday, May 1st. Piper Sandler decreased their price target on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Leerink Partners upped their price target on shares of Cigna Group from $270.00 to $297.00 and gave the company a “market perform” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $338.30.

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.