Allworth Financial LP Purchases 3,176 Shares of Cigna Group $CI

Allworth Financial LP raised its position in shares of Cigna Group (NYSE:CI) by 11.1% in the 3rd quarter, Holdings Channel reports. The firm owned 31,897 shares of the health services provider’s stock after acquiring an additional 3,176 shares during the period. Allworth Financial LP’s holdings in Cigna Group were worth $9,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cigna Group in the 2nd quarter valued at $1,110,426,000. Capital Research Global Investors boosted its stake in Cigna Group by 140.2% in the third quarter. Capital Research Global Investors now owns 3,179,301 shares of the health services provider’s stock valued at $916,434,000 after buying an additional 1,855,897 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Cigna Group by 54.5% in the third quarter. Ameriprise Financial Inc. now owns 2,136,311 shares of the health services provider’s stock valued at $615,781,000 after buying an additional 753,865 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Cigna Group by 24.4% in the second 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 during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Cigna Group by 1,057.2% in the second quarter. Balyasny Asset Management L.P. now owns 404,753 shares of the health services provider’s stock valued at $133,803,000 after acquiring an additional 369,775 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CI shares. Royal Bank Of Canada dropped their target price on shares of Cigna Group from $344.00 to $333.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Mizuho set a $325.00 price target on shares of Cigna Group in a report on Friday, January 9th. Barclays dropped their price objective on shares of Cigna Group from $305.00 to $303.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. TD Cowen raised their target price on shares of Cigna Group from $333.00 to $338.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Guggenheim reaffirmed a “buy” rating and set a $318.00 target price on shares of Cigna Group in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and an average target price of $333.11.

Cigna Group Stock Up 0.0%

Shares of NYSE CI opened at $264.72 on Friday. The company’s 50 day moving average price is $278.19 and its 200-day moving average price is $281.97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 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. The company has a market capitalization of $69.76 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.92 and a beta of 0.27.

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, topping 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 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 earnings per share. Cigna Group’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, March 5th. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s dividend payout ratio (DPR) is 28.13%.

Insider Activity

In related news, insider Everett Neville sold 1,719 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total transaction of $496,636.29. Following the completion of the sale, the insider owned 5,670 shares of the company’s stock, valued at $1,638,119.70. This trade represents a 23.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicole S. Jones sold 2,307 shares of Cigna Group stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $666,515.37. Following the completion of the sale, the insider owned 32,647 shares of the company’s stock, valued at approximately $9,432,044.77. The trade was a 6.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.70% of the company’s stock.

About Cigna Group

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.