Lynch Asset Management Inc. Cuts Stock Holdings in Cigna Group $CI

Lynch Asset Management Inc. reduced its position in Cigna Group (NYSE:CI) by 35.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,300 shares of the health services provider’s stock after selling 3,500 shares during the period. Lynch Asset Management Inc.’s holdings in Cigna Group were worth $1,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wilkerson Advisory Group LLC purchased a new position in shares of Cigna Group in the fourth quarter worth $25,000. Beacon Financial Strategies CORP purchased a new stake in shares of Cigna Group during the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new stake in Cigna Group in the 4th quarter worth about $29,000. Prosperity Bancshares Inc bought a new stake in Cigna Group in the 4th quarter worth about $29,000. Finally, Lodestone Wealth Management LLC purchased a new position in Cigna Group in the 4th quarter worth about $32,000. 86.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Jamie G. Kates sold 899 shares of the firm’s stock in a transaction dated 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 owned 2,368 shares of the company’s stock, valued at $707,108.48. This trade represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Cordani sold 201,878 shares of Cigna Group stock in a transaction dated 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 transaction, the chief executive officer directly owned 34,337 shares in the company, valued at approximately $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Cigna Group from $300.00 to $305.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Mizuho lifted their price target on shares of Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Jefferies Financial Group decreased their price objective on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft cut shares of Cigna Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $303.00 to $302.00 in a report on Wednesday, May 20th. Finally, Cantor Fitzgerald lifted their target price on shares of Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $338.30.

Cigna Group Trading Up 0.4%

Shares of NYSE:CI opened at $276.67 on Thursday. The stock’s 50-day simple moving average is $284.61 and its two-hundred day simple moving average is $279.09. The stock has a market capitalization of $73.19 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.06 and a beta of 0.28. Cigna Group has a 52-week low of $239.51 and a 52-week high of $332.29. 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 (NYSE:CI) last posted its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The company had revenue of $68.52 billion for the quarter, compared to the consensus estimate of $66.29 billion. During the same quarter last year, the firm posted $6.74 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Analysts expect that Cigna Group will post 30.39 EPS for the current year.

Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 4th. Cigna Group’s dividend payout ratio is 26.45%.

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.