OMERS ADMINISTRATION Corp Buys Shares of 14,641 Cigna Group $CI

OMERS ADMINISTRATION Corp bought a new position in shares of Cigna Group (NYSE:CI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 14,641 shares of the health services provider’s stock, valued at approximately $4,036,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Assetmark Inc. increased its stake in Cigna Group by 10.0% in the 1st quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock valued at $17,515,000 after purchasing an additional 5,963 shares in the last quarter. Mystic Asset Management Inc. purchased a new stake in Cigna Group during the second quarter worth $2,808,000. KBC Group NV boosted its position in Cigna Group by 6.4% during the second quarter. KBC Group NV now owns 380,034 shares of the health services provider’s stock worth $104,768,000 after purchasing an additional 22,978 shares in the last quarter. HighTower Advisors LLC grew its holdings in Cigna Group by 402.7% in the second quarter. HighTower Advisors LLC now owns 354,398 shares of the health services provider’s stock valued at $97,701,000 after purchasing an additional 283,897 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Cigna Group by 4.8% during the 2nd quarter. TD Asset Management Inc now owns 249,966 shares of the health services provider’s stock worth $68,911,000 after buying an additional 11,471 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cigna Group

In related news, CAO Jamie G. Kates sold 899 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the transaction, the chief accounting officer owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicole S. Jones sold 19,436 shares of Cigna Group stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the sale, the insider directly owned 27,256 shares of the company’s stock, valued at $7,530,015.12. The trade was a 41.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,012 shares of company stock worth $6,386,550 in the last three months. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CI. Deutsche Bank Aktiengesellschaft lowered shares of Cigna Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $303.00 to $302.00 in a research report on Wednesday, May 20th. Royal Bank Of Canada lifted their target price on shares of Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. The Goldman Sachs Group increased their price target on shares of Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, UBS Group raised their price objective on shares of Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $339.45.

Cigna Group Stock Down 0.4%

CI opened at $279.24 on Wednesday. The firm has a market cap of $73.79 billion, a P/E ratio of 11.55, a PEG ratio of 0.96 and a beta of 0.29. The business’s fifty day simple moving average is $283.67 and its 200 day simple moving average is $281.53. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68.

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

Cigna Group Dividend Announcement

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

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.