Cigna Group $CI Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its holdings in Cigna Group (NYSE:CI) by 48.1% during the third quarter, HoldingsChannel.com reports. The firm owned 5,292 shares of the health services provider’s stock after buying an additional 1,718 shares during the period. Smartleaf Asset Management LLC’s holdings in Cigna Group were worth $1,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. bought a new stake in shares of Cigna Group in the third quarter worth $728,000. Canada Post Corp Registered Pension Plan boosted its stake in Cigna Group by 545.3% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 26,888 shares of the health services provider’s stock valued at $7,707,000 after acquiring an additional 22,721 shares during the last quarter. RBA Wealth Management LLC grew its holdings in Cigna Group by 4.2% during the 3rd quarter. RBA Wealth Management LLC now owns 13,113 shares of the health services provider’s stock worth $3,780,000 after acquiring an additional 527 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of Cigna Group in the 3rd quarter worth about $209,000. Finally, Concord Wealth Partners raised its stake in shares of Cigna Group by 5.0% in the 3rd quarter. Concord Wealth Partners now owns 2,213 shares of the health services provider’s stock valued at $638,000 after purchasing an additional 106 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Cigna Group Trading Up 0.9%

Shares of NYSE:CI opened at $294.75 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.74 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $275.19 and its 200 day moving average price is $283.70. The company has a market cap of $78.74 billion, a PE ratio of 13.29, a P/E/G ratio of 1.04 and a beta of 0.27. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $350.00.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 EPS for the quarter, beating the consensus estimate of $7.88 by $0.20. The company had revenue of $72.50 billion for the quarter, compared to analyst estimates of $69.53 billion. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. Cigna Group’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Sell-side analysts anticipate 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 will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a dividend of $1.56 per share. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. Cigna Group’s payout ratio is presently 27.23%.

Analyst Ratings Changes

CI has been the subject of several research analyst reports. Mizuho set a $325.00 price objective on Cigna Group in a report on Friday, January 9th. Royal Bank Of Canada lowered their price target on Cigna Group from $344.00 to $333.00 and set an “outperform” rating for the company in a report on Friday. Robert W. Baird dropped their price target on Cigna Group from $372.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Cigna Group in a report on Monday, November 3rd. Finally, Leerink Partners boosted their target price on shares of Cigna Group from $270.00 to $297.00 and gave the company a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $329.84.

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.