Intech Investment Management LLC Acquires 51,496 Shares of Cigna Group $CI

Intech Investment Management LLC boosted its stake in shares of Cigna Group (NYSE:CI) by 242.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 72,724 shares of the health services provider’s stock after buying an additional 51,496 shares during the period. Intech Investment Management LLC’s holdings in Cigna Group were worth $20,963,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CI. Harbor Capital Advisors Inc. raised its holdings in shares of Cigna Group by 119.5% during the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Collier Financial acquired a new position in Cigna Group in the 3rd quarter worth $34,000. Quaker Wealth Management LLC increased its holdings in Cigna Group by 201.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 106 shares of the health services provider’s stock worth $35,000 after purchasing an additional 211 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Cigna Group by 38.8% in the 2nd quarter. NewSquare Capital LLC now owns 143 shares of the health services provider’s stock valued at $47,000 after purchasing an additional 40 shares during the period. Finally, Traub Capital Management LLC bought a new stake in shares of Cigna Group in the second quarter valued at about $48,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Cigna Group from $354.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Cantor Fitzgerald reduced their price target on Cigna Group from $365.00 to $325.00 in a research report on Friday, October 31st. Zacks Research upgraded shares of Cigna Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Truist Financial boosted their price objective on shares of Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Cigna Group from $301.00 to $304.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $330.63.

Cigna Group Price Performance

NYSE:CI opened at $284.31 on Thursday. The stock has a market capitalization of $75.95 billion, a PE ratio of 12.82, a P/E/G ratio of 0.97 and a beta of 0.27. Cigna Group has a 1-year low of $239.51 and a 1-year high of $350.00. The firm has a fifty day simple moving average of $279.33 and a 200 day simple moving average of $284.41. 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 (NYSE:CI) last announced its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.88 by $0.20. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. The firm had revenue of $72.50 billion during the quarter, compared to analysts’ expectations of $69.53 billion. During the same quarter last year, the company posted $6.64 earnings per share. The company’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. On average, research analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a $1.56 dividend. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. This represents a $6.24 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, March 5th. Cigna Group’s dividend payout ratio is currently 27.23%.

Cigna Group 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.