Russell Investments Group Ltd. Acquires 28,893 Shares of Cigna Group $CI

Russell Investments Group Ltd. lifted its holdings in Cigna Group (NYSE:CI) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 746,304 shares of the health services provider’s stock after buying an additional 28,893 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Cigna Group worth $215,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. grew its position in Cigna Group by 119.5% in the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Collier Financial purchased a new stake in Cigna Group during the third quarter valued at approximately $34,000. Traub Capital Management LLC bought a new stake in shares of Cigna Group in the 2nd quarter valued at approximately $48,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Cigna Group in the 2nd quarter worth approximately $52,000. Finally, CNB Bank boosted its holdings in shares of Cigna Group by 479.4% in the 3rd quarter. CNB Bank now owns 197 shares of the health services provider’s stock worth $57,000 after purchasing an additional 163 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nicole S. Jones sold 2,307 shares of Cigna Group stock in a transaction dated 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 owned 32,647 shares in the company, valued at $9,432,044.77. This trade represents a 6.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Everett Neville sold 1,719 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $496,636.29. Following the completion of the sale, the insider directly owned 5,670 shares of the company’s stock, valued at approximately $1,638,119.70. This trade represents a 23.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler decreased their price target on Cigna Group from $374.00 to $370.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. TD Cowen lifted their price objective 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. Zacks Research raised shares of Cigna Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating on shares of Cigna Group in a report on Wednesday. Finally, Leerink Partners lifted their price target on shares of Cigna Group from $270.00 to $297.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $330.42.

Cigna Group Price Performance

Shares of CI stock opened at $271.50 on Monday. The stock has a 50 day moving average price of $280.71 and a 200 day moving average price of $283.97. Cigna Group has a 52-week low of $239.51 and a 52-week high of $350.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $71.55 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.94 and a beta of 0.27.

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

Cigna Group Increases Dividend

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

Cigna Group Company Profile

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.