Cigna Group (NYSE:CI) Price Target Raised to $338.00

Cigna Group (NYSE:CI) had its price target lifted by TD Cowen from $333.00 to $338.00 in a report published on Monday, Marketbeat reports. TD Cowen currently has a buy rating on the health services provider’s stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. reduced 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. Truist Financial upped their price objective on shares of Cigna Group from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, January 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cigna Group in a research report on Monday, December 29th. The Goldman Sachs Group lowered their price target on Cigna Group from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Finally, Mizuho set a $325.00 price objective on Cigna Group in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Cigna Group has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Cigna Group Price Performance

NYSE CI opened at $294.27 on Monday. The stock has a 50-day simple moving average of $275.93 and a 200 day simple moving average of $283.71. Cigna Group has a twelve month low of $239.51 and a twelve month high of $350.00. The stock has a market capitalization of $78.61 billion, a PE ratio of 13.27, a P/E/G ratio of 1.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.74.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 EPS for the quarter, topping the consensus estimate of $7.88 by $0.20. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The company had revenue of $72.50 billion for the quarter, compared to the consensus estimate of $69.53 billion. During the same period in the previous year, the business posted $6.64 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Research analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors 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 represents a $6.24 annualized dividend and a yield of 2.1%. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s payout ratio is presently 27.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Cigna Group in the 4th quarter worth about $1,019,790,000. Northwestern Mutual Wealth Management Co. grew its stake in Cigna Group by 13,333.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,165,408 shares of the health services provider’s stock worth $900,912,000 after buying an additional 3,141,844 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Cigna Group by 140.2% during the third quarter. Capital Research Global Investors now owns 3,179,301 shares of the health services provider’s stock worth $916,434,000 after buying an additional 1,855,897 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Cigna Group by 8.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,805,083 shares of the health services provider’s stock valued at $3,249,113,000 after acquiring an additional 903,334 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Cigna Group by 54.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,136,311 shares of the health services provider’s stock worth $615,781,000 after acquiring an additional 753,865 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

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.