King Wealth Management Group Raises Stock Position in Cigna Group $CI

King Wealth Management Group grew its stake in shares of Cigna Group (NYSE:CI) by 70.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,692 shares of the health services provider’s stock after acquiring an additional 4,000 shares during the period. King Wealth Management Group’s holdings in Cigna Group were worth $2,794,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CI. Brighton Jones LLC boosted its position in Cigna Group by 9.3% during the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock worth $1,032,000 after purchasing an additional 318 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Cigna Group by 10.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider’s stock worth $384,000 after buying an additional 109 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Cigna Group by 12.0% in the 2nd quarter. Harbour Investments Inc. now owns 800 shares of the health services provider’s stock worth $265,000 after buying an additional 86 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Cigna Group by 10.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,615 shares of the health services provider’s stock worth $1,856,000 after buying an additional 543 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Cigna Group by 10.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,188 shares of the health services provider’s stock valued at $1,275,000 after acquiring an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Cigna Group Price Performance

Shares of NYSE:CI opened at $290.57 on Wednesday. The company has a market cap of $77.62 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.01 and a beta of 0.27. The business has a fifty day simple moving average of $277.96 and a 200-day simple moving average of $283.95. Cigna Group has a 52 week low of $239.51 and a 52 week 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.

Cigna Group (NYSE:CI) last issued its quarterly 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 analyst estimates of $69.53 billion. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $6.64 EPS. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Equities research analysts forecast 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. Shareholders of record on Thursday, March 5th will be issued a $1.56 dividend. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.1%. Cigna Group’s dividend payout ratio (DPR) is 28.13%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CI shares. Truist Financial lifted their target price on shares of Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Financial Group lifted their price objective on Cigna Group from $310.00 to $333.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Barclays reduced their target price on Cigna Group from $305.00 to $303.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. TD Cowen raised their price target on Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Zacks Research raised Cigna Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.63.

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.