Erste Asset Management GmbH Sells 20,369 Shares of Cigna Group $CI

Erste Asset Management GmbH reduced its position in shares of Cigna Group (NYSE:CI) by 31.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,924 shares of the health services provider’s stock after selling 20,369 shares during the period. Erste Asset Management GmbH’s holdings in Cigna Group were worth $12,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted 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 buying an additional 49 shares in the last quarter. Collier Financial acquired a new position in shares of Cigna Group in the third quarter valued at about $34,000. NewSquare Capital LLC increased its position in Cigna Group by 38.8% during the second quarter. NewSquare Capital LLC now owns 143 shares of the health services provider’s stock worth $47,000 after acquiring an additional 40 shares during the period. Traub Capital Management LLC bought a new position in Cigna Group during the second quarter worth about $48,000. Finally, Access Investment Management LLC acquired a new stake in Cigna Group in the 2nd quarter worth about $49,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on CI shares. Wells Fargo & Company cut their price objective on shares of Cigna Group from $354.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, November 4th. UBS Group reissued a “buy” rating and set a $375.00 price target on shares of Cigna Group in a research report on Monday, February 9th. Mizuho set a $325.00 price objective on Cigna Group in a research note on Friday, January 9th. Finally, Robert W. Baird dropped their price objective on Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. One 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.63.

Cigna Group Stock Performance

Cigna Group stock opened at $289.73 on Friday. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00. 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 business’s 50-day moving average price is $279.98 and its two-hundred day moving average price is $284.53. The stock has a market cap of $77.39 billion, a PE ratio of 13.06, a P/E/G ratio of 1.00 and a beta of 0.27.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, February 5th. The health services provider reported $8.08 EPS for the quarter, topping 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 in the prior year, the business earned $6.64 earnings per share. The business’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. As a group, analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a $1.56 dividend. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, March 5th. Cigna Group’s dividend payout ratio (DPR) is 27.23%.

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.