Employees Retirement System of Texas Has $11.63 Million Holdings in Cigna Group $CI

Employees Retirement System of Texas decreased its position in shares of Cigna Group (NYSE:CI) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,354 shares of the health services provider’s stock after selling 3,256 shares during the quarter. Employees Retirement System of Texas’ holdings in Cigna Group were worth $11,632,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CI. Harbor Capital Advisors Inc. raised its position in shares of Cigna Group by 119.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Collier Financial bought a new stake in shares of Cigna Group during the 3rd quarter worth approximately $34,000. Traub Capital Management LLC acquired a new stake in shares of Cigna Group during the 2nd quarter worth approximately $48,000. Twin Peaks Wealth Advisors LLC bought a new position in Cigna Group in the second quarter valued at approximately $52,000. Finally, CNB Bank increased its stake in Cigna Group by 479.4% in the third quarter. CNB Bank now owns 197 shares of the health services provider’s stock valued at $57,000 after acquiring an additional 163 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial upped their target price on Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Robert W. Baird lowered their price target on Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. TD Cowen upped their price objective on Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating 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, UBS Group reiterated a “buy” rating and issued a $375.00 target price on shares of Cigna Group in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $333.11.

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 2,307 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $666,515.37. Following the completion of the transaction, the insider owned 32,647 shares of the company’s stock, valued at $9,432,044.77. This represents a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Everett Neville sold 1,719 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $496,636.29. Following the completion of the transaction, the insider owned 5,670 shares of the company’s stock, valued at approximately $1,638,119.70. This trade represents a 23.26% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.70% of the company’s stock.

Cigna Group Stock Up 2.1%

Shares of NYSE:CI opened at $266.41 on Friday. Cigna Group has a 52-week low of $239.51 and a 52-week high of $350.00. The company has a market capitalization of $70.21 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day moving average of $279.83 and a 200-day moving average of $283.17.

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

Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. Cigna Group’s dividend payout ratio (DPR) is presently 28.13%.

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.