Public Employees Retirement System of Ohio Makes New Investment in Cigna Group $CI

Public Employees Retirement System of Ohio bought a new stake in Cigna Group (NYSE:CI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 121,527 shares of the health services provider’s stock, valued at approximately $33,503,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Cigna Group during the second quarter worth approximately $2,235,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Cigna Group in the second quarter valued at $1,102,000. Proficio Capital Partners LLC bought a new position in Cigna Group during the 2nd quarter valued at $632,000. Pure Financial Advisors LLC acquired a new position in Cigna Group during the 2nd quarter worth $527,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Cigna Group during the 2nd quarter worth $1,007,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CI shares. Guggenheim upped their target price on shares of Cigna Group from $338.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, July 31st. The Goldman Sachs Group lifted their price target on Cigna Group from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Sanford C. Bernstein upped their price objective on Cigna Group from $371.00 to $381.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Mizuho increased their target price on Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $315.00 target price on shares of Cigna Group in a research report on Tuesday, June 16th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $339.45.

Insider Buying and Selling

In related news, insider Nicole S. Jones sold 19,436 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the transaction, the insider directly owned 27,256 shares in the company, valued at $7,530,015.12. This represents a 41.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the completion of the sale, the chief accounting officer directly owned 2,368 shares in the company, valued at $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,012 shares of company stock valued at $6,386,550 in the last 90 days. Insiders own 0.60% of the company’s stock.

Cigna Group Price Performance

CI opened at $278.89 on Friday. The firm has a market cap of $73.69 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $315.47. The company’s 50-day moving average price is $283.52 and its 200 day moving average price is $281.39. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, beating analysts’ consensus estimates of $7.60 by $0.18. The company had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.Cigna Group’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, sell-side analysts expect that Cigna Group will post 30.51 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be issued a $1.56 dividend. The ex-dividend date of this dividend is 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 25.82%.

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.