Hi Line Capital Management LLC Takes Position in Cigna Group $CI

Hi Line Capital Management LLC acquired a new position in Cigna Group (NYSE:CI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,338 shares of the health services provider’s stock, valued at approximately $5,286,000. Cigna Group accounts for 1.7% of Hi Line Capital Management LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Cigna Group during the 2nd quarter worth about $1,110,426,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Cigna Group by 24.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,508,740 shares of the health services provider’s stock worth $829,339,000 after buying an additional 492,045 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Cigna Group by 1,057.2% during the second quarter. Balyasny Asset Management L.P. now owns 404,753 shares of the health services provider’s stock worth $133,803,000 after acquiring an additional 369,775 shares during the period. Man Group plc grew its holdings in Cigna Group by 215.5% during the second quarter. Man Group plc now owns 532,183 shares of the health services provider’s stock worth $175,929,000 after acquiring an additional 363,510 shares during the period. Finally, Corient Private Wealth LLC raised its position in Cigna Group by 257.4% during the second quarter. Corient Private Wealth LLC now owns 389,637 shares of the health services provider’s stock valued at $127,811,000 after acquiring an additional 280,616 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CI shares. TD Cowen raised their price objective on shares of Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Wells Fargo & Company dropped their price target on shares of Cigna Group from $354.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Mizuho set a $325.00 price objective on shares of Cigna Group in a research report on Friday, January 9th. Zacks Research raised shares of Cigna Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cigna Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $330.00.

Cigna Group Price Performance

NYSE:CI opened at $291.35 on Friday. The stock has a 50 day moving average of $276.85 and a two-hundred day moving average of $283.73. Cigna Group has a 12 month low of $239.51 and a 12 month high of $350.00. The firm has a market cap of $77.83 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.00 and a beta of 0.27. 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 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. The firm had revenue of $72.50 billion during 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 firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. On average, analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $1.56 per share. The ex-dividend date is Thursday, March 5th. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. Cigna Group’s dividend payout ratio (DPR) is presently 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.