Cigna Group $CI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Cigna Group (NYSE:CI) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,651,168 shares of the health services provider’s stock after selling 19,802 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cigna Group were worth $454,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Providence Capital Advisors LLC grew its holdings in Cigna Group by 1,016.8% in the 3rd quarter. Providence Capital Advisors LLC now owns 8,510 shares of the health services provider’s stock worth $2,453,000 after buying an additional 7,748 shares in the last quarter. Caprock Group LLC bought a new position in Cigna Group in the 3rd quarter worth approximately $4,124,000. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Cigna Group by 13.5% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 34,114 shares of the health services provider’s stock worth $9,839,000 after buying an additional 4,066 shares in the last quarter. Compass Wealth Management LLC bought a new position in Cigna Group in the 3rd quarter worth approximately $4,718,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in Cigna Group by 44.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 38,320 shares of the health services provider’s stock worth $11,046,000 after buying an additional 11,711 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen raised Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Robert W. Baird set a $337.00 price target on Cigna Group in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft lowered Cigna Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $303.00 to $302.00 in a research note on Wednesday, May 20th. Truist Financial increased their price target on Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Piper Sandler decreased their price target on Cigna Group from $370.00 to $346.00 and set an “overweight” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Cigna Group presently has a consensus rating of “Moderate Buy” and an average price target of $338.30.

Insiders Place Their Bets

In other news, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the sale, the chief executive officer directly owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This trade represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Cigna Group Price Performance

NYSE CI opened at $271.03 on Thursday. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $338.89. The stock’s 50-day moving average is $278.88 and its two-hundred day moving average is $277.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $71.70 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.98 and a beta of 0.28.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, beating the consensus estimate of $7.60 by $0.19. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The company had revenue of $68.52 billion for the quarter, compared to analyst estimates of $66.29 billion. During the same period last year, the company earned $6.74 earnings per share. The business’s revenue 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, analysts anticipate that Cigna Group will post 30.39 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is 26.45%.

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.