Payden & Rygel Purchases 7,500 Shares of Cigna Group $CI

Payden & Rygel increased its position in shares of Cigna Group (NYSE:CI) by 24.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,800 shares of the health services provider’s stock after purchasing an additional 7,500 shares during the quarter. Payden & Rygel’s holdings in Cigna Group were worth $11,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CI. Solstein Capital LLC acquired a new stake in shares of Cigna Group during the second quarter worth approximately $29,000. Harbor Capital Advisors Inc. increased its holdings in Cigna Group by 119.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Chilton Capital Management LLC bought a new position in Cigna Group in the 2nd quarter valued at $30,000. Quaker Wealth Management LLC boosted its stake in Cigna Group by 201.0% in the second 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. Finally, Collier Financial bought a new stake in shares of Cigna Group during the third quarter worth $34,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CI has been the subject of a number of research reports. Truist Financial raised their target price on Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. UBS Group restated a “buy” rating and issued a $375.00 price objective on shares of Cigna Group in a research report on Monday, February 9th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $307.00 target price on shares of Cigna Group in a research note on Tuesday, January 6th. The Goldman Sachs Group reduced their target price on shares of Cigna Group from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a report 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, Cigna Group presently has an average rating of “Moderate Buy” and a consensus target price of $330.63.

Cigna Group Stock Down 1.9%

Shares of Cigna Group stock opened at $280.41 on Monday. The business has a fifty day simple moving average of $278.91 and a 200 day simple moving average of $284.28. The stock has a market cap of $74.90 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.97 and a beta of 0.27. The company has a quick ratio of 0.76, a current ratio of 0.74 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.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Research analysts predict that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. This represents a $6.24 annualized dividend and a yield of 2.2%. Cigna Group’s 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.