Alps Advisors Inc. Makes New Investment in Cigna Group $CI

Alps Advisors Inc. purchased a new position in Cigna Group (NYSE:CI) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,526 shares of the health services provider’s stock, valued at approximately $728,000.

Several other large investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in shares of Cigna Group by 1.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,778,472 shares of the health services provider’s stock worth $3,893,727,000 after purchasing an additional 123,479 shares during the period. Dodge & Cox raised its stake in Cigna Group by 0.7% in the second quarter. Dodge & Cox now owns 8,950,610 shares of the health services provider’s stock worth $2,958,893,000 after buying an additional 60,877 shares in the last quarter. Norges Bank purchased a new stake in Cigna Group in the second quarter worth about $1,110,426,000. Arrowstreet Capital Limited Partnership boosted its position in Cigna Group by 24.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,508,740 shares of the health services provider’s stock valued at $829,339,000 after acquiring an additional 492,045 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Cigna Group by 0.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,052,912 shares of the health services provider’s stock valued at $678,652,000 after acquiring an additional 15,014 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CI shares. Sanford C. Bernstein restated a “market perform” rating and issued a $307.00 target price on shares of Cigna Group in a research note on Tuesday, January 6th. UBS Group reiterated a “buy” rating and issued a $375.00 price objective on shares of Cigna Group in a report on Monday. TD Cowen raised their price objective on Cigna Group from $333.00 to $338.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada reduced their target price on shares of Cigna Group from $344.00 to $333.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cigna Group in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $330.00.

Cigna Group Trading Down 2.4%

Shares of Cigna Group stock opened at $287.53 on Friday. The company’s fifty day simple moving average is $276.33 and its 200-day simple moving average is $283.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.74 and a quick ratio of 0.76. Cigna Group has a 1-year low of $239.51 and a 1-year high of $350.00. The stock has a market capitalization of $76.81 billion, a PE ratio of 12.96, a P/E/G ratio of 1.02 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.88 by $0.20. The company had revenue of $72.50 billion during the quarter, compared to the consensus estimate of $69.53 billion. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $6.64 EPS. Cigna Group has set its FY 2026 guidance at 30.250- EPS. As a group, equities analysts anticipate that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Thursday, March 5th. Cigna Group’s dividend payout ratio is currently 27.23%.

Cigna Group 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.