Employees Retirement System of Texas Sells 3,256 Shares of Cigna Group $CI

Employees Retirement System of Texas cut its position in shares of Cigna Group (NYSE:CI) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,354 shares of the health services provider’s stock after selling 3,256 shares during the period. Employees Retirement System of Texas’ holdings in Cigna Group were worth $11,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CI. Norges Bank bought a new position in Cigna Group during the second quarter worth about $1,110,426,000. Capital Research Global Investors raised its stake in Cigna Group by 140.2% in the third quarter. Capital Research Global Investors now owns 3,179,301 shares of the health services provider’s stock valued at $916,434,000 after buying an additional 1,855,897 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Cigna Group by 24.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,508,740 shares of the health services provider’s stock valued at $829,339,000 after buying an additional 492,045 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Cigna Group by 1,057.2% in the second quarter. Balyasny Asset Management L.P. now owns 404,753 shares of the health services provider’s stock valued at $133,803,000 after buying an additional 369,775 shares during the last quarter. Finally, Man Group plc boosted its stake in shares of Cigna Group by 215.5% during the 2nd quarter. Man Group plc now owns 532,183 shares of the health services provider’s stock worth $175,929,000 after acquiring an additional 363,510 shares during the period. 86.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CI has been the topic of a number of research analyst reports. Mizuho set a $325.00 price target on Cigna Group in a research note on Friday, January 9th. Sanford C. Bernstein raised shares of Cigna Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $307.00 to $358.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cigna Group from $301.00 to $304.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. TD Cowen raised their target price on shares of Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.11.

Insider Transactions at Cigna Group

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 directly 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 filing with the SEC, which is accessible through this link. Also, insider Everett Neville sold 1,719 shares of the 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 $496,636.29. Following the sale, the insider directly owned 5,670 shares in the company, valued at $1,638,119.70. This represents a 23.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.70% of the company’s stock.

Cigna Group Stock Performance

CI opened at $266.41 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.74 and a quick ratio of 0.74. The business has a fifty day simple moving average of $279.83 and a 200 day simple moving average of $283.17. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The company has a market capitalization of $70.21 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.27.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, topping analysts’ consensus estimates of $7.88 by $0.20. The company had revenue of $72.50 billion during the quarter, compared to the consensus estimate of $69.53 billion. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Research analysts expect that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a $1.56 dividend. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. This represents a $6.24 annualized dividend and a yield of 2.3%. Cigna Group’s dividend payout ratio is presently 28.13%.

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.