OneAscent Financial Services LLC Makes New $540,000 Investment in Cigna Group $CI

OneAscent Financial Services LLC bought a new position in Cigna Group (NYSE:CI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,957 shares of the health services provider’s stock, valued at approximately $540,000.

Several other institutional investors also recently modified their holdings of the business. Allworth Financial LP bought a new stake in Cigna Group during the second quarter worth $8,954,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Cigna Group in the second quarter worth $9,735,000. Silvant Capital Management LLC bought a new position in Cigna Group in the 2nd quarter valued at $1,683,000. Mystic Asset Management Inc. bought a new position in Cigna Group in the 2nd quarter valued at $2,808,000. Finally, Portfolio Design Labs LLC purchased a new stake in shares of Cigna Group during the 2nd quarter valued at $425,000. 86.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CI. Barclays lifted their target price on Cigna Group from $304.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Sanford C. Bernstein raised their price objective on shares of Cigna Group from $371.00 to $381.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Jefferies Financial Group lowered shares of Cigna Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $336.00 to $307.00 in a research report on Tuesday, August 4th. Wolfe Research reiterated an “outperform” rating and issued a $315.00 target price on shares of Cigna Group in a research note on Tuesday, June 16th. Finally, Piper Sandler reduced their target price on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $339.45.

Insider Activity at Cigna Group

In related news, CAO Jamie G. Kates sold 899 shares of Cigna Group stock in a transaction that occurred on 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 directly owned 2,368 shares in the company, valued at approximately $707,108.48. The trade was a 27.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole S. Jones sold 2,677 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $279.61, for a total transaction of $748,515.97. Following the sale, the insider directly owned 25,880 shares in the company, valued at $7,236,306.80. The trade was a 9.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 23,012 shares of company stock worth $6,386,550. Insiders own 0.60% of the company’s stock.

Cigna Group Stock Performance

Shares of CI opened at $274.50 on Friday. Cigna Group has a 1 year low of $239.51 and a 1 year high of $315.47. 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 stock’s fifty day moving average price is $284.63 and its two-hundred day moving average price is $281.41. The firm has a market cap of $72.53 billion, a PE ratio of 11.36, a PEG ratio of 0.95 and a beta of 0.29.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, topping the consensus estimate of $7.60 by $0.18. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The company had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. During the same quarter in the prior year, the company earned $7.20 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, equities research 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. 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 annualized dividend and a dividend yield of 2.3%. Cigna Group’s dividend payout ratio (DPR) is presently 25.82%.

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.