Public Sector Pension Investment Board Raises Stock Position in Cigna Group $CI

Public Sector Pension Investment Board boosted its holdings in shares of Cigna Group (NYSE:CI) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,331 shares of the health services provider’s stock after acquiring an additional 3,342 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cigna Group were worth $6,725,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake 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 valued at $26,000 after acquiring an additional 49 shares in the last quarter. Solstein Capital LLC acquired a new stake in shares of Cigna Group in the 2nd quarter valued at about $29,000. Chilton Capital Management LLC purchased a new position in Cigna Group during the 2nd quarter worth approximately $30,000. Princeton Global Asset Management LLC increased its position in Cigna Group by 115.6% during the second quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock worth $32,000 after buying an additional 52 shares during the period. Finally, Collier Financial purchased a new stake in Cigna Group in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Cigna Group Stock Down 0.2%

Shares of CI opened at $290.24 on Thursday. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $350.00. The company’s fifty day moving average is $278.52 and its two-hundred day moving average is $283.99. The firm has a market cap of $77.53 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.01 and a beta of 0.27. The company has a quick ratio of 0.76, a current ratio of 0.74 and a debt-to-equity ratio of 0.74.

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

Cigna Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be issued a $1.56 dividend. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.1%. Cigna Group’s dividend payout ratio is 27.23%.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of research reports. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. TD Cowen lifted their target price on Cigna Group from $333.00 to $338.00 and gave the company a “buy” rating in a research note on Monday, February 9th. The Goldman Sachs Group cut their price target on Cigna Group from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Raymond James Financial reiterated a “strong-buy” rating on shares of Cigna Group in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $307.00 price objective on shares of Cigna Group in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $330.63.

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.