Pure Financial Advisors LLC Makes New Investment in Cigna Group $CI

Pure Financial Advisors LLC acquired a new position in shares of Cigna Group (NYSE:CI) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,912 shares of the health services provider’s stock, valued at approximately $527,000.

A number of other institutional investors also recently modified their holdings of the company. Wilkerson Advisory Group LLC bought a new stake in Cigna Group during the 4th quarter worth approximately $25,000. Osbon Capital Management LLC bought a new position in Cigna Group in the 2nd quarter valued at $26,000. Johnson Financial Group Inc. bought a new position in Cigna Group in the 2nd quarter valued at $29,000. Kemnay Advisory Services Inc. acquired a new position in Cigna Group in the fourth quarter worth $29,000. Finally, Prosperity Bancshares Inc acquired a new position in Cigna Group in the fourth quarter worth $29,000. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CI shares. Robert W. Baird set a $362.00 target price on Cigna Group in a research note on Friday, July 31st. Sanford C. Bernstein upped their price target on shares of Cigna Group from $371.00 to $381.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Wolfe Research reissued an “outperform” rating and set a $315.00 price objective on shares of Cigna Group in a report on Tuesday, June 16th. Weiss Ratings restated a “hold (c)” rating on shares of Cigna Group in a research report on Monday, June 1st. Finally, Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $339.45.

Insider Transactions at Cigna Group

In related news, insider Nicole S. Jones sold 19,436 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the sale, the insider directly owned 27,256 shares of the company’s stock, valued at $7,530,015.12. The trade was a 41.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the completion of the transaction, the chief accounting officer 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. Over the last 90 days, insiders have sold 23,012 shares of company stock worth $6,386,550. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Stock Down 1.3%

NYSE CI opened at $277.21 on Friday. The stock has a market capitalization of $73.25 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 0.97 and a beta of 0.29. Cigna Group has a 52 week low of $239.51 and a 52 week high of $315.47. 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 stock has a fifty day moving average of $283.53 and a 200-day moving average of $281.41.

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

Cigna Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be given a dividend of $1.56 per share. The ex-dividend date is Tuesday, September 8th. This represents a $6.24 dividend on an annualized basis and a yield of 2.3%. Cigna Group’s dividend payout ratio is presently 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.