Dickmeyer Boyce Financial Management Inc. Purchases 3,630 Shares of Cigna Group $CI

Dickmeyer Boyce Financial Management Inc. purchased a new stake in shares of Cigna Group (NYSE:CI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,630 shares of the health services provider’s stock, valued at approximately $987,000.

A number of other large investors have also recently made changes to their positions in CI. BlackRock Inc. raised its holdings in shares of Cigna Group by 3.7% in the 2nd quarter. BlackRock Inc. now owns 23,438,250 shares of the health services provider’s stock worth $6,461,457,000 after acquiring an additional 840,098 shares during the last quarter. GQG Partners LLC acquired a new position in Cigna Group during the 2nd quarter valued at about $1,628,918,000. Bank of America Corp DE increased its holdings in Cigna Group by 8.8% during the 1st quarter. Bank of America Corp DE now owns 3,182,083 shares of the health services provider’s stock worth $848,821,000 after purchasing an additional 256,677 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Cigna Group by 9.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,958,656 shares of the health services provider’s stock worth $814,311,000 after purchasing an additional 263,036 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings 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 valued at $647,008,000 after purchasing an additional 236,340 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cigna Group news, insider Everett Neville sold 617 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 5,053 shares of the company’s stock, valued at $1,435,304.65. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $748,515.97. Following the completion of the sale, the insider owned 25,880 shares in the company, valued at approximately $7,236,306.80. The trade was a 9.37% decrease in their ownership of the stock. 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 sold a total of 22,730 shares of company stock worth $6,293,359 in the last ninety days. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

CI has been the topic of several analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 target price on shares of Cigna Group in a research report on Tuesday, June 16th. Barclays raised 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Cigna Group in a research note on Thursday, August 27th. Wells Fargo & Company raised their price target on shares of Cigna Group from $305.00 to $307.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Cigna Group in a report on Friday, October 2nd. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Cigna Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.24.

Cigna Group Stock Performance

NYSE:CI traded up $1.25 during trading on Thursday, reaching $279.76. The company’s stock had a trading volume of 419,453 shares, compared to its average volume of 1,675,195. The firm has a market cap of $73.92 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.93 and a beta of 0.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a 50 day moving average of $277.48 and a 200-day moving average of $280.81. Cigna Group has a 12 month low of $239.51 and a 12 month high of $312.18.

Cigna Group (NYSE:CI) last issued 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. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The company had revenue of $71.56 billion for the quarter, compared to the consensus estimate of $70.14 billion. During the same period in the previous year, the firm earned $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. Research analysts expect that Cigna Group will post 30.5 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th were paid a dividend of $1.56 per share. The ex-dividend date was Tuesday, September 8th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group’s dividend payout ratio (DPR) is presently 25.82%.

About Cigna Group

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.