PNC Financial Services Group Inc. Sells 8,581 Shares of Cigna Group $CI

PNC Financial Services Group Inc. lessened its holdings in Cigna Group (NYSE:CI) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,336 shares of the health services provider’s stock after selling 8,581 shares during the period. PNC Financial Services Group Inc. owned about 0.10% of Cigna Group worth $79,654,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. GF Fund Management CO. LTD. grew its holdings in shares of Cigna Group by 3.2% during the 3rd quarter. GF Fund Management CO. LTD. now owns 7,387 shares of the health services provider’s stock valued at $2,129,000 after purchasing an additional 228 shares during the last quarter. Cidel Asset Management Inc. boosted its position in Cigna Group by 10.0% in the third quarter. Cidel Asset Management Inc. now owns 4,607 shares of the health services provider’s stock valued at $1,328,000 after buying an additional 418 shares in the last quarter. Hi Line Capital Management LLC bought a new stake in shares of Cigna Group during the third quarter worth $5,286,000. Cookson Peirce & Co. Inc. increased its holdings in shares of Cigna Group by 0.8% during the third quarter. Cookson Peirce & Co. Inc. now owns 4,953 shares of the health services provider’s stock worth $1,428,000 after buying an additional 41 shares in the last quarter. Finally, IMA Advisory Services Inc. lifted its stake in shares of Cigna Group by 1.5% in the 3rd quarter. IMA Advisory Services Inc. now owns 8,297 shares of the health services provider’s stock valued at $2,392,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Cigna Group Stock Up 1.3%

Shares of NYSE CI opened at $291.35 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a market cap of $77.83 billion, a PE ratio of 13.14, a P/E/G ratio of 1.01 and a beta of 0.27. The company’s fifty day simple moving average is $276.85 and its 200 day simple moving average is $283.57. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, topping 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 the consensus estimate of $69.53 billion. During the same period in the prior year, the business earned $6.64 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.250- EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Thursday, March 5th will be paid a $1.56 dividend. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. This represents a $6.24 annualized dividend and a yield of 2.1%. Cigna Group’s dividend payout ratio (DPR) is 27.23%.

Wall Street Analyst Weigh In

CI has been the topic of a number of research reports. Mizuho set a $325.00 price objective on Cigna Group in a research report on Friday, January 9th. Raymond James Financial restated a “strong-buy” rating on shares of Cigna Group in a report on Monday, November 3rd. Truist Financial set a $338.00 price objective on Cigna Group in a research note on Monday, February 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cigna Group in a research report on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price target on shares of Cigna Group from $344.00 to $333.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. 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’s stock. According to data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and a consensus price target of $330.00.

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.