Cigna Group $CI is Boone Capital Management LLC’s 4th Largest Position

Boone Capital Management LLC increased its stake in Cigna Group (NYSE:CI) by 16.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,453 shares of the health services provider’s stock after acquiring an additional 13,481 shares during the period. Cigna Group makes up approximately 8.9% of Boone Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Boone Capital Management LLC’s holdings in Cigna Group were worth $26,547,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wilkerson Advisory Group LLC bought a new stake in Cigna Group in the fourth quarter worth about $25,000. Beacon Financial Strategies CORP bought a new stake in Cigna Group in the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new stake in Cigna Group in the fourth quarter worth about $29,000. Prosperity Bancshares Inc bought a new stake in Cigna Group in the fourth quarter worth about $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in Cigna Group in the fourth quarter worth about $32,000. Institutional investors own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CI shares. Robert W. Baird set a $337.00 price objective on shares of Cigna Group in a research note on Friday, May 1st. Piper Sandler decreased their price objective on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cigna Group in a research note on Monday, June 1st. Wolfe Research reissued an “outperform” rating and issued a $315.00 price objective on shares of Cigna Group in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on shares of Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $338.30.

Cigna Group Stock Performance

Shares of NYSE:CI opened at $285.27 on Thursday. The company has a market capitalization of $75.46 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.13 and a beta of 0.28. Cigna Group has a 52 week low of $239.51 and a 52 week high of $338.89. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $283.63 and a 200 day moving average of $278.31.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 EPS for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. The company had revenue of $68.52 billion during the quarter, compared to the consensus estimate of $66.29 billion. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. Cigna Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, sell-side analysts predict that Cigna Group will post 30.39 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

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

Insider Buying and Selling

In related news, CAO Jamie G. Kates sold 899 shares of the business’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 value of $268,450.39. Following the completion of the transaction, the chief accounting officer owned 2,368 shares of the company’s stock, valued at $707,108.48. The trade was 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, CEO David Cordani sold 201,878 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the completion of the transaction, the chief executive officer directly owned 34,337 shares of the company’s stock, valued at $10,054,560.34. This trade represents a 85.46% decrease in their position. 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 own 0.60% of the company’s stock.

Cigna Group Profile

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.