4,223 Cigna Group $CI Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its holdings in Cigna Group (NYSE:CI) by 13.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,109 shares of the health services provider’s stock after purchasing an additional 4,223 shares during the period. Sterling Capital Management LLC’s holdings in Cigna Group were worth $9,816,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CI. Osbon Capital Management LLC bought a new stake in Cigna Group during the 2nd quarter valued at approximately $26,000. Cedar Mountain Advisors LLC increased its position in Cigna Group by 161.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after buying an additional 68 shares during the period. Johnson Financial Group Inc. bought a new position in Cigna Group in the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors acquired a new position in shares of Cigna Group during the second quarter worth approximately $29,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Cigna Group during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Transactions at Cigna Group

In related news, insider Everett Neville sold 617 shares of the stock in a transaction dated Thursday, September 3rd. The shares were 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 of the company’s stock, valued at $1,435,304.65. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole Jones sold 2,677 shares of Cigna Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $279.61, for a total value 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 ownership of the stock. 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 22,730 shares of company stock worth $6,293,359. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CI. Guggenheim boosted their target price on shares of Cigna Group from $338.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays increased their price target on shares of Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Robert W. Baird set a $362.00 price objective on shares of Cigna Group in a report on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Cigna Group in a research report on Friday, October 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cigna Group in a research note on Thursday, August 27th. 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 data from MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $338.24.

Cigna Group Stock Performance

Shares of NYSE CI traded down $8.95 during trading hours on Friday, reaching $306.93. The stock had a trading volume of 1,780,316 shares, compared to its average volume of 1,614,929. The company has a market cap of $81.10 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.07 and a beta of 0.29. Cigna Group has a twelve month low of $239.51 and a twelve month high of $316.27. The business’s fifty day moving average is $281.72 and its two-hundred day moving average is $283.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76.

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 analysts’ consensus estimates of $7.60 by $0.18. The firm had revenue of $71.56 billion for 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 business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, research analysts expect that Cigna Group will post 30.50 EPS for the current year.

Cigna Group Profile

The Cigna Group (NYSE: CI) is a global health services company that provides insurance coverage, health care benefits and related services. Its operations are primarily organized through Cigna Healthcare, which offers medical, pharmacy, dental, behavioral health and other benefit programs to employers, government organizations and individuals, primarily in the United States.

The company also operates Evernorth Health Services, a health services platform that includes pharmacy benefit management, specialty pharmacy, care management and health-care delivery capabilities.