NEOS Investment Management LLC Buys 11,200 Shares of Cigna Group $CI

NEOS Investment Management LLC grew its stake in Cigna Group (NYSE:CI) by 44.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,359 shares of the health services provider’s stock after buying an additional 11,200 shares during the period. NEOS Investment Management LLC’s holdings in Cigna Group were worth $10,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its position in Cigna Group by 119.5% during the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Solstein Capital LLC bought a new position in shares of Cigna Group during the 2nd quarter valued at about $29,000. Chilton Capital Management LLC purchased a new position in shares of Cigna Group during the 2nd quarter valued at about $30,000. Princeton Global Asset Management LLC raised its holdings in shares of Cigna Group by 115.6% during the 2nd quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock valued at $32,000 after buying an additional 52 shares in the last quarter. Finally, Collier Financial bought a new stake in Cigna Group in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Cigna Group Trading Down 0.3%

Shares of CI opened at $290.57 on Wednesday. Cigna Group has a 1-year low of $239.51 and a 1-year 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 price is $277.96 and its 200-day moving average price is $283.95. The firm has a market capitalization of $77.62 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.01 and a beta of 0.27.

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

Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be paid a $1.56 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. This represents a $6.24 annualized dividend and a yield of 2.1%. Cigna Group’s payout ratio is currently 28.13%.

Analyst Ratings Changes

Several research analysts have commented on CI shares. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $307.00 target price on shares of Cigna Group in a research report on Tuesday, January 6th. Cantor Fitzgerald lowered their price target on shares of Cigna Group from $365.00 to $325.00 in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their price objective on Cigna Group from $428.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 4th. Finally, Zacks Research upgraded Cigna Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Cigna Group has an average rating of “Moderate Buy” and an average price target 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.