Cigna Group (NYSE:CI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Cigna Group (NYSE:CI) have received an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $339.50.

CI has been the subject of a number of research analyst reports. TD Cowen upped their price target on Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada upped their price target on Cigna Group from $333.00 to $337.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Cantor Fitzgerald upped their price target on Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company upped their price target on Cigna Group from $300.00 to $305.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Robert W. Baird set a $337.00 price target on Cigna Group in a report on Friday, May 1st.

Cigna Group Stock Up 1.8%

Shares of Cigna Group stock opened at $285.80 on Thursday. The stock has a market capitalization of $75.60 billion, a P/E ratio of 12.12, a PEG ratio of 1.01 and a beta of 0.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $277.65 and a two-hundred day moving average price of $276.73. Cigna Group has a 12-month low of $239.51 and a 12-month high of $338.89.

Cigna Group (NYSE:CI) last announced its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The firm had revenue of $68.52 billion during the quarter, compared to analysts’ expectations of $66.29 billion. During the same quarter in the prior year, the business earned $6.74 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Equities analysts expect that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $1.56 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. Cigna Group’s payout ratio is 26.45%.

Insider Transactions at Cigna Group

In related news, insider Everett Neville sold 1,719 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $496,636.29. Following the completion of the transaction, the insider directly owned 5,670 shares in the company, valued at approximately $1,638,119.70. This represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Cordani sold 201,878 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total value of $59,113,915.96. Following the completion of the transaction, the chief executive officer owned 34,337 shares of the company’s stock, valued at $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 205,904 shares of company stock worth $60,277,068 over the last three months. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allen Capital Group LLC raised its stake in shares of Cigna Group by 6.4% in the first quarter. Allen Capital Group LLC now owns 794 shares of the health services provider’s stock valued at $212,000 after purchasing an additional 48 shares in the last quarter. Groupe la Francaise raised its stake in shares of Cigna Group by 6.3% in the first quarter. Groupe la Francaise now owns 17,613 shares of the health services provider’s stock valued at $4,698,000 after purchasing an additional 1,041 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Cigna Group in the first quarter valued at $61,000. Bank of America Corp DE raised its stake in shares of Cigna Group by 8.8% in the first quarter. Bank of America Corp DE now owns 3,182,083 shares of the health services provider’s stock valued at $848,821,000 after purchasing an additional 256,677 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of Cigna Group by 52.8% in the first quarter. Edgestream Partners L.P. now owns 3,550 shares of the health services provider’s stock valued at $947,000 after purchasing an additional 1,227 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.