Commerce Bank Purchases Shares of 41,861 Cigna Group $CI

Commerce Bank acquired a new stake in Cigna Group (NYSE:CI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 41,861 shares of the health services provider’s stock, valued at approximately $11,540,000.

Several other institutional investors also recently modified their holdings of CI. Wilkerson Advisory Group LLC acquired a new stake in Cigna Group in the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC grew its holdings in Cigna Group by 161.9% during the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after purchasing an additional 68 shares during the period. Johnson Financial Group Inc. acquired a new position in Cigna Group during the second quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in Cigna Group during the fourth quarter worth approximately $29,000. Finally, Prosperity Bancshares Inc bought a new stake in Cigna Group in the fourth quarter valued at approximately $29,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Cigna Group Price Performance

Shares of NYSE CI opened at $276.19 on Monday. The firm has a market cap of $72.98 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.95 and a beta of 0.29. The business’s 50 day moving average is $284.20 and its 200-day moving average is $281.45. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. Cigna Group has a 1-year low of $239.51 and a 1-year high of $315.47.

Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. During the same period in the previous year, the company posted $7.20 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Equities research analysts predict that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Announces Dividend

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 given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group’s payout ratio is presently 25.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Cantor Fitzgerald boosted their target price on Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen cut Cigna Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group downgraded Cigna Group from a “buy” rating to a “hold” rating and cut their price target for the company from $336.00 to $307.00 in a report on Tuesday, August 4th. Finally, Robert W. Baird set a $362.00 price objective on shares of Cigna Group in a research report on Friday, July 31st. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $339.45.

Insider Activity

In other Cigna Group news, insider Nicole S. Jones sold 19,436 shares of Cigna Group stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total value of $5,369,583.72. Following the completion of the sale, the insider owned 27,256 shares in the company, valued at $7,530,015.12. The trade was a 41.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the completion of the sale, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at $707,108.48. This represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,012 shares of company stock worth $6,386,550 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

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.