Krilogy Financial LLC Makes New Investment in Cigna Group $CI

Krilogy Financial LLC purchased a new stake in Cigna Group (NYSE:CI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,341 shares of the health services provider’s stock, valued at approximately $675,000.

A number of other institutional investors have also recently modified their holdings of CI. Massachusetts Financial Services Co. MA raised its position in Cigna Group by 1.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,778,472 shares of the health services provider’s stock worth $3,893,727,000 after acquiring an additional 123,479 shares in the last quarter. Dodge & Cox grew its stake in shares of Cigna Group by 0.7% during the 2nd quarter. Dodge & Cox now owns 8,950,610 shares of the health services provider’s stock worth $2,958,893,000 after purchasing an additional 60,877 shares during the period. Norges Bank purchased a new position in shares of Cigna Group in the 2nd quarter valued at about $1,110,426,000. Arrowstreet Capital Limited Partnership lifted 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 valued at $829,339,000 after purchasing an additional 492,045 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cigna Group by 0.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,052,912 shares of the health services provider’s stock worth $678,652,000 after buying an additional 15,014 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CI has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Cigna Group from $354.00 to $300.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Guggenheim reaffirmed a “buy” rating and set a $318.00 price objective on shares of Cigna Group in a report on Monday, February 2nd. Truist Financial set a $338.00 target price on Cigna Group in a report on Monday. Robert W. Baird dropped their price target on Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Finally, Zacks Research raised Cigna Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Cigna Group currently has an average rating of “Moderate Buy” and an average price target of $330.00.

Cigna Group Stock Performance

NYSE CI opened at $291.35 on Friday. 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 fifty-two week low of $239.51 and a fifty-two week high of $350.00. The business has a fifty day moving average of $276.85 and a 200-day moving average of $283.73. The stock has a market cap of $77.83 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.00 and a beta of 0.27.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, February 5th. The health services provider reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.88 by $0.20. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The business had revenue of $72.50 billion for the quarter, compared to analyst estimates of $69.53 billion. During the same quarter last year, the company 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 predict that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a $1.56 dividend. 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. Cigna Group’s dividend payout ratio (DPR) is presently 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.