CenterBook Partners LP Has $1.31 Million Position in Cigna Group $CI

CenterBook Partners LP boosted its holdings in shares of Cigna Group (NYSE:CI) by 148.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,531 shares of the health services provider’s stock after acquiring an additional 2,708 shares during the quarter. CenterBook Partners LP’s holdings in Cigna Group were worth $1,306,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its stake in shares of Cigna Group by 119.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Solstein Capital LLC bought a new position in Cigna Group during the second quarter valued at about $29,000. Chilton Capital Management LLC acquired a new stake in shares of Cigna Group in the second quarter worth about $30,000. Collier Financial bought a new stake in shares of Cigna Group during the 3rd quarter worth about $34,000. Finally, Quaker Wealth Management LLC increased its holdings in shares of Cigna Group by 201.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 106 shares of the health services provider’s stock valued at $35,000 after acquiring an additional 211 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CI. Robert W. Baird reduced their target price on Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Cigna Group in a research note on Monday, December 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $307.00 target price on shares of Cigna Group in a research note on Tuesday, January 6th. Mizuho set a $325.00 target price on shares of Cigna Group in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Cigna Group currently has an average rating of “Moderate Buy” and a consensus target price of $330.63.

Cigna Group Stock Performance

NYSE:CI opened at $280.41 on Friday. The firm’s 50-day moving average is $278.91 and its 200-day moving average is $284.09. The company has a market cap of $74.90 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.99 and a beta of 0.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.74. Cigna Group has a 52-week low of $239.51 and a 52-week high of $350.00.

Cigna Group (NYSE:CI) last released its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, beating the consensus estimate of $7.88 by $0.20. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. The business had revenue of $72.50 billion during the quarter, compared to analysts’ expectations of $69.53 billion. During the same quarter last year, the company earned $6.64 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Equities research analysts anticipate 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. Stockholders of record on Thursday, March 5th will be given a dividend of $1.56 per share. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, March 5th. Cigna Group’s dividend payout ratio (DPR) is presently 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.