Cigna Group (NYSE:CI) Given New $297.00 Price Target at Leerink Partners

Cigna Group (NYSE:CIGet Free Report) had its price target upped by research analysts at Leerink Partners from $270.00 to $297.00 in a research note issued on Friday,MarketScreener reports. The firm currently has a “market perform” rating on the health services provider’s stock. Leerink Partners’ price objective points to a potential upside of 2.24% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Guggenheim reissued a “buy” rating and set a $318.00 price objective on shares of Cigna Group in a report on Monday. Wolfe Research reduced their price target on shares of Cigna Group from $345.00 to $325.00 and set an “outperform” rating for the company in a research report on Wednesday, October 15th. Robert W. Baird dropped their price objective on Cigna Group from $372.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Wall Street Zen downgraded Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday, January 24th. Finally, Mizuho set a $325.00 price target on Cigna Group in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cigna Group has a consensus rating of “Moderate Buy” and a consensus price target of $323.16.

Check Out Our Latest Stock Report on CI

Cigna Group Stock Performance

NYSE CI opened at $290.48 on Friday. The stock has a fifty day simple moving average of $274.47 and a 200-day simple moving average of $283.96. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock has a market cap of $77.60 billion, a PE ratio of 12.73, a P/E/G ratio of 0.96 and a beta of 0.27. Cigna Group has a twelve month low of $239.51 and a twelve month high of $350.00.

Cigna Group (NYSE:CIGet Free Report) last released its 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. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.The company had revenue of $72.50 billion during the quarter, compared to the consensus estimate of $69.53 billion. During the same period in the previous year, the company posted $6.64 EPS. Cigna Group’s revenue was up 10.4% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Equities analysts anticipate that Cigna Group will post 29.77 earnings per share for the current year.

Institutional Trading of Cigna Group

A number of hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in Cigna Group by 39.7% during the 4th quarter. Larson Financial Group LLC now owns 4,068 shares of the health services provider’s stock worth $1,120,000 after purchasing an additional 1,157 shares in the last quarter. Aviance Capital Partners LLC grew its stake in Cigna Group by 2.0% during the fourth quarter. Aviance Capital Partners LLC now owns 19,760 shares of the health services provider’s stock worth $5,438,000 after buying an additional 384 shares during the period. Profund Advisors LLC increased its position in shares of Cigna Group by 26.1% in the fourth quarter. Profund Advisors LLC now owns 4,345 shares of the health services provider’s stock worth $1,196,000 after acquiring an additional 900 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Cigna Group by 13.2% in the 4th quarter. ProShare Advisors LLC now owns 54,247 shares of the health services provider’s stock valued at $14,930,000 after acquiring an additional 6,332 shares during the period. Finally, Stronghold Wealth Management L.L.C. acquired a new position in shares of Cigna Group during the 4th quarter valued at $258,000. 86.99% of the stock is owned by institutional investors and hedge funds.

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About Cigna Group

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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.

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