Bleakley Financial Group LLC Takes Position in Cigna Group $CI

Bleakley Financial Group LLC bought a new stake in Cigna Group (NYSE:CI) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 10,089 shares of the health services provider’s stock, valued at approximately $2,908,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CI. Rossby Financial LCC boosted its stake in shares of Cigna Group by 15.8% during the 3rd quarter. Rossby Financial LCC now owns 746 shares of the health services provider’s stock worth $218,000 after acquiring an additional 102 shares in the last quarter. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in Cigna Group in the 3rd quarter worth about $368,000. Personal CFO Solutions LLC boosted its position in Cigna Group by 11.6% during the third quarter. Personal CFO Solutions LLC now owns 940 shares of the health services provider’s stock worth $271,000 after purchasing an additional 98 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Cigna Group in the third quarter valued at approximately $449,000. Finally, Hillsdale Investment Management Inc. increased its position in shares of Cigna Group by 46.3% in the third quarter. Hillsdale Investment Management Inc. now owns 3,160 shares of the health services provider’s stock valued at $911,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cantor Fitzgerald decreased their target price on shares of Cigna Group from $365.00 to $325.00 in a research note on Friday, October 31st. Truist Financial lifted their price objective on Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Wells Fargo & Company lowered their price objective on Cigna Group from $354.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Mizuho set a $325.00 target price on Cigna Group in a research note on Friday, January 9th. Finally, Morgan Stanley reissued an “overweight” rating and set a $355.00 price target on shares of Cigna Group in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.63.

Cigna Group Stock Performance

Shares of Cigna Group stock opened at $282.97 on Tuesday. The firm has a market cap of $75.59 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.97 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 has a 52 week low of $239.51 and a 52 week high of $350.00. The business’s fifty day simple moving average is $279.03 and its 200-day simple moving average is $284.37.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, February 5th. The health services provider reported $8.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.88 by $0.20. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The firm had revenue of $72.50 billion during the quarter, compared to the consensus estimate of $69.53 billion. During the same period last year, the company earned $6.64 EPS. The company’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. Equities analysts forecast that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a $1.56 dividend. The ex-dividend date is Thursday, March 5th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s dividend payout ratio (DPR) 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.