Raiffeisen Bank International AG Sells 2,329 Shares of Cigna Group $CI

Raiffeisen Bank International AG decreased its position in Cigna Group (NYSE:CI) by 14.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,197 shares of the health services provider’s stock after selling 2,329 shares during the quarter. Raiffeisen Bank International AG’s holdings in Cigna Group were worth $4,069,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CI. Alexander Randolph Advisory Inc. raised its stake in Cigna Group by 2.4% during the third quarter. Alexander Randolph Advisory Inc. now owns 7,378 shares of the health services provider’s stock valued at $2,127,000 after buying an additional 173 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of Cigna Group by 2.3% during the third quarter. AMG National Trust Bank now owns 4,337 shares of the health services provider’s stock valued at $1,250,000 after acquiring an additional 97 shares in the last quarter. Compass Wealth Management LLC purchased a new position in shares of Cigna Group in the 3rd quarter worth about $4,718,000. Wealth Alliance LLC boosted its stake in Cigna Group by 2.6% in the 3rd quarter. Wealth Alliance LLC now owns 2,093 shares of the health services provider’s stock worth $603,000 after purchasing an additional 54 shares in the last quarter. Finally, Prospector Partners LLC grew its position in Cigna Group by 14.4% during the 3rd quarter. Prospector Partners LLC now owns 33,072 shares of the health services provider’s stock valued at $9,533,000 after purchasing an additional 4,163 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Cigna Group Trading Down 1.9%

Shares of CI stock opened at $280.41 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00. The stock has a market capitalization of $74.90 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.97 and a beta of 0.27. The firm’s 50 day moving average is $278.91 and its 200 day moving average is $284.18.

Cigna Group (NYSE:CI) last released its quarterly 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. The firm had revenue of $72.50 billion for the quarter, compared to analysts’ expectations of $69.53 billion. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.64 EPS. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Research analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a dividend of $1.56 per share. The ex-dividend date is Thursday, March 5th. This represents a $6.24 dividend on an annualized basis 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 is presently 27.23%.

Analysts Set New Price Targets

CI has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Jefferies Financial Group raised their price target on shares of Cigna Group from $310.00 to $333.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Sanford C. Bernstein restated a “market perform” rating and issued a $307.00 price objective on shares of Cigna Group in a report on Tuesday, January 6th. Leerink Partners increased their target price on Cigna Group from $270.00 to $297.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $330.63.

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.