ASO GROUP Ltd Takes Position in Cigna Group $CI

ASO GROUP Ltd acquired a new stake in Cigna Group (NYSE:CI) in the 4th quarter, Holdings Channel reports. The firm acquired 8,322 shares of the health services provider’s stock, valued at approximately $2,290,000. Cigna Group comprises 0.9% of ASO GROUP Ltd’s investment portfolio, making the stock its 20th biggest position.

Other hedge funds also recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Cigna Group in the third quarter valued at approximately $4,124,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Cigna Group by 13.5% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 34,114 shares of the health services provider’s stock worth $9,839,000 after purchasing an additional 4,066 shares during the period. Compass Wealth Management LLC bought a new position in Cigna Group in the third quarter worth $4,718,000. Varma Mutual Pension Insurance Co lifted its position in Cigna Group by 9.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 40,942 shares of the health services provider’s stock worth $11,802,000 after purchasing an additional 3,600 shares during the period. Finally, Alberta Investment Management Corp bought a new position in Cigna Group in the third quarter worth $3,171,000. 86.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Cigna Group

In other news, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the completion of the sale, the chief executive officer directly owned 34,337 shares in the company, valued at approximately $10,054,560.34. This trade represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CI. Sanford C. Bernstein raised their target price on Cigna Group from $358.00 to $371.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Jefferies Financial Group reduced their target price on Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, April 20th. UBS Group raised their target price on Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Robert W. Baird set a $337.00 target price on Cigna Group in a research report on Friday, May 1st. Finally, Mizuho raised their target price on Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and an average target price of $338.80.

Cigna Group Stock Down 0.4%

Shares of NYSE CI opened at $294.64 on Friday. The stock has a market cap of $77.94 billion, a PE ratio of 12.49, a PEG ratio of 1.14 and a beta of 0.28. The business has a fifty day moving average of $281.93 and a two-hundred day moving average of $277.87. Cigna Group has a 52-week low of $239.51 and a 52-week high of $338.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73.

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

Cigna Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $1.56 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.1%. Cigna Group’s dividend payout ratio (DPR) is 26.45%.

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.