Cigna Group (NYSE:CI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cigna Group (NYSE:CI) from a hold rating to a buy rating in a research report report published on Saturday morning.

Several other equities research analysts have also weighed in on CI. Wells Fargo & Company decreased their price objective on Cigna Group from $354.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Wolfe Research reduced their target price on shares of Cigna Group from $345.00 to $325.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $307.00 price target on shares of Cigna Group in a research report on Tuesday, January 6th. UBS Group set a $294.00 price objective on shares of Cigna Group in a report on Wednesday, November 12th. Finally, Zacks Research upgraded shares of Cigna Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. One investment 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. According to data from MarketBeat, Cigna Group has an average rating of “Moderate Buy” and a consensus price target of $329.84.

Cigna Group Trading Up 0.9%

NYSE:CI opened at $294.75 on Friday. Cigna Group has a 12 month low of $239.51 and a 12 month high of $350.00. The company has a current ratio of 0.74, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average is $275.19 and its 200 day moving average is $283.70. The stock has a market capitalization of $78.74 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.04 and a beta of 0.27.

Cigna Group (NYSE:CI) last announced 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 business had revenue of $72.50 billion during 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%.Cigna Group’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Sell-side analysts expect that Cigna Group will post 29.77 earnings per share for the current 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 given a dividend of $1.56 per share. This is an increase 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 presently 27.23%.

Institutional Investors Weigh In On Cigna Group

Several large investors have recently added to or reduced their stakes in the business. Huntington National Bank increased its stake in Cigna Group by 13.5% in the 4th quarter. Huntington National Bank now owns 8,568 shares of the health services provider’s stock worth $2,358,000 after acquiring an additional 1,022 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of Cigna Group by 96.1% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,492 shares of the health services provider’s stock worth $411,000 after purchasing an additional 731 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cigna Group by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 6,051,370 shares of the health services provider’s stock worth $1,658,055,000 after purchasing an additional 48,474 shares during the last quarter. King Wealth Management Group raised its stake in Cigna Group by 75.1% in the fourth quarter. King Wealth Management Group now owns 16,967 shares of the health services provider’s stock valued at $4,670,000 after purchasing an additional 7,275 shares in the last quarter. Finally, Malaga Cove Capital LLC purchased a new stake in Cigna Group in the fourth quarter valued at approximately $327,000. Institutional investors own 86.99% of the company’s stock.

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.