QRG Capital Management Inc. Sells 28,197 Shares of Cigna Group $CI

QRG Capital Management Inc. lowered its position in Cigna Group (NYSE:CI) by 66.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,415 shares of the health services provider’s stock after selling 28,197 shares during the quarter. QRG Capital Management Inc.’s holdings in Cigna Group were worth $3,967,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vista Capital Partners Inc. purchased a new stake in shares of Cigna Group during the fourth quarter worth about $289,000. Varma Mutual Pension Insurance Co lifted its holdings in shares of Cigna Group by 3.9% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 42,542 shares of the health services provider’s stock worth $11,709,000 after buying an additional 1,600 shares in the last quarter. KPP Advisory Services LLC lifted its stake in Cigna Group by 7.6% in the 4th quarter. KPP Advisory Services LLC now owns 1,641 shares of the health services provider’s stock worth $452,000 after purchasing an additional 116 shares in the last quarter. Estate Counselors LLC purchased a new stake in shares of Cigna Group in the fourth quarter worth about $3,765,000. Finally, Cairn Investment Group Inc. raised its holdings in shares of Cigna Group by 1.1% during the 4th quarter. Cairn Investment Group Inc. now owns 15,188 shares of the health services provider’s stock worth $4,180,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Insider Activity

In related news, insider Nicole S. Jones sold 2,307 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $666,515.37. Following the completion of the sale, the insider owned 32,647 shares in the company, valued at approximately $9,432,044.77. The trade was a 6.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Everett Neville sold 1,719 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $496,636.29. Following the transaction, the insider owned 5,670 shares in the company, valued at $1,638,119.70. The trade was a 23.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of analyst reports. Raymond James Financial set a $340.00 price target on shares of Cigna Group in a report on Friday, May 1st. UBS Group reaffirmed a “buy” rating and set a $375.00 price objective on shares of Cigna Group in a research note on Monday, February 9th. Royal Bank Of Canada boosted their price objective on shares of Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Piper Sandler lowered their target price on shares of Cigna Group from $374.00 to $370.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Finally, Sanford C. Bernstein lifted their price target on shares of Cigna Group from $358.00 to $371.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $338.35.

Cigna Group Price Performance

CI opened at $282.01 on Thursday. The business has a fifty day moving average of $274.22 and a 200 day moving average of $276.43. The stock has a market cap of $74.60 billion, a P/E ratio of 11.95, a PEG ratio of 0.96 and a beta of 0.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. Cigna Group has a 52-week low of $239.51 and a 52-week high of $338.89.

Cigna Group (NYSE:CI) last released its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.60 by $0.19. The business had revenue of $68.52 billion during the quarter, compared to the consensus estimate of $66.29 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, sell-side analysts anticipate that Cigna Group will post 30.4 EPS for the current year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 4th. Cigna Group’s payout ratio is 26.45%.

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.