Praxis Investment Management Inc. Makes New $1.39 Million Investment in Cigna Group $CI

Praxis Investment Management Inc. purchased a new position in shares of Cigna Group (NYSE:CI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,034 shares of the health services provider’s stock, valued at approximately $1,386,000.

A number of other institutional investors also recently bought and sold shares of the business. RFG Advisory LLC raised its position in Cigna Group by 3.5% during the 4th quarter. RFG Advisory LLC now owns 1,457 shares of the health services provider’s stock worth $401,000 after buying an additional 49 shares during the last quarter. Swedbank AB raised its position in Cigna Group by 7.7% during the 4th quarter. Swedbank AB now owns 662,728 shares of the health services provider’s stock worth $182,403,000 after buying an additional 47,541 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Cigna Group by 6.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 568,683 shares of the health services provider’s stock worth $158,731,000 after buying an additional 36,785 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Cigna Group by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,606 shares of the health services provider’s stock worth $10,626,000 after buying an additional 699 shares during the last quarter. Finally, Alpha Cubed Investments LLC raised its position in Cigna Group by 5.2% during the 4th quarter. Alpha Cubed Investments LLC now owns 1,134 shares of the health services provider’s stock worth $312,000 after buying an additional 56 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CI shares. Barclays raised their price target on shares of Cigna Group from $303.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein lifted their target price on shares of Cigna Group from $358.00 to $371.00 and gave the company an “outperform” rating in a report on Tuesday. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Wells Fargo & Company lifted their target price on shares of Cigna Group from $300.00 to $305.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Truist Financial lifted their target price on shares of Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $338.35.

Insider Activity at Cigna Group

In related news, insider Everett Neville sold 1,719 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total value of $496,636.29. Following the sale, the insider owned 5,670 shares of the company’s stock, valued at $1,638,119.70. This trade represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole S. Jones sold 2,307 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction 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. This trade represents a 6.60% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by company insiders.

Cigna Group Price Performance

Cigna Group stock opened at $282.01 on Thursday. Cigna Group has a 52-week low of $239.51 and a 52-week high of $338.89. The firm has a market capitalization of $74.60 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.96 and a beta of 0.30. The company has a fifty day simple moving average of $274.22 and a 200-day simple moving average of $276.43. 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 (NYSE:CI) last released its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The business had revenue of $68.52 billion during the quarter, compared to analyst estimates of $66.29 billion. During the same quarter in the prior year, the firm earned $6.74 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, equities analysts anticipate that Cigna Group will post 30.4 EPS for the current fiscal year.

Cigna Group Announces Dividend

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