Cigna Group $CI Stock: Turtle Creek Wealth Advisors LLC Grows Holdings

Turtle Creek Wealth Advisors LLC grew its holdings in shares of Cigna Group (NYSE:CI) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,746 shares of the health services provider’s stock after purchasing an additional 1,763 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Cigna Group were worth $9,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Cigna Group by 3.7% during the second quarter. BlackRock Inc. now owns 23,438,250 shares of the health services provider’s stock worth $6,461,457,000 after buying an additional 840,098 shares during the period. GQG Partners LLC acquired a new stake in Cigna Group during the 2nd quarter worth approximately $1,628,918,000. Bank of America Corp DE boosted its position in Cigna Group by 8.8% in the 1st quarter. Bank of America Corp DE now owns 3,182,083 shares of the health services provider’s stock valued at $848,821,000 after buying an additional 256,677 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Cigna Group by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,426,218 shares of the health services provider’s stock worth $647,008,000 after acquiring an additional 236,340 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Cigna Group in the second quarter valued at $542,779,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insiders Place Their Bets

In other news, insider Everett Neville sold 617 shares of Cigna Group stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $284.05, for a total value of $175,258.85. Following the completion of the transaction, the insider owned 5,053 shares in the company, valued at approximately $1,435,304.65. This trade represents a 10.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 owned 25,880 shares of the company’s stock, valued at approximately $7,236,306.80. The trade was a 9.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 22,730 shares of company stock valued at $6,293,359. Insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 3.0%

Cigna Group stock traded up $8.68 during trading on Thursday, reaching $298.26. 642,958 shares of the company’s stock were exchanged, compared to its average volume of 1,666,098. The company’s 50-day moving average is $277.98 and its two-hundred day moving average is $281.41. The firm has a market cap of $78.81 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.95 and a beta of 0.29. Cigna Group has a 52-week low of $239.51 and a 52-week high of $311.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76.

Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, topping analysts’ consensus estimates of $7.60 by $0.18. The firm had revenue of $71.56 billion during the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%. Cigna Group’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, analysts predict that Cigna Group will post 30.50 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. Cigna Group’s payout ratio is 25.82%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cigna Group in a report on Thursday, August 27th. Wells Fargo & Company upped their price objective on Cigna Group from $305.00 to $307.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Barclays boosted their price objective on Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $337.00 price objective on shares of Cigna Group in a research report on Thursday, October 1st. Finally, UBS Group reissued a “buy” rating on shares of Cigna Group in a research note on Thursday, October 1st. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $338.24.

Cigna Group Profile

The Cigna Group (NYSE: CI) is a global health company that provides health care and related services to individuals, employers, government organizations and health plans. Its operations are primarily organized through Cigna Healthcare and Evernorth Health Services, which together address health coverage, pharmacy services, care delivery and benefit management.

Cigna Healthcare offers medical, dental, behavioral health, disability and other benefits, with a focus on employer-sponsored and individual health plans in the United States as well as international health services.