TD Asset Management Inc Sells 15,817 Shares of Cigna Group $CI

TD Asset Management Inc lessened its stake in shares of Cigna Group (NYSE:CI) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,161 shares of the health services provider’s stock after selling 15,817 shares during the quarter. TD Asset Management Inc owned about 0.08% of Cigna Group worth $64,038,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CI. Massachusetts Financial Services Co. MA boosted its holdings in Cigna Group by 1.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,778,472 shares of the health services provider’s stock worth $3,893,727,000 after purchasing an additional 123,479 shares during the last quarter. Dodge & Cox lifted its holdings in shares of Cigna Group by 0.7% during the 2nd quarter. Dodge & Cox now owns 8,950,610 shares of the health services provider’s stock valued at $2,958,893,000 after buying an additional 60,877 shares during the period. Norges Bank purchased a new position in shares of Cigna Group in the 2nd quarter worth $1,110,426,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Cigna Group by 24.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,508,740 shares of the health services provider’s stock worth $829,339,000 after buying an additional 492,045 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cigna Group by 0.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,052,912 shares of the health services provider’s stock worth $678,652,000 after acquiring an additional 15,014 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CI. Truist Financial increased their target price on Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Jefferies Financial Group upped their price target on shares of Cigna Group from $310.00 to $333.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Cantor Fitzgerald dropped their price objective on shares of Cigna Group from $365.00 to $325.00 in a report on Friday, October 31st. Wells Fargo & Company cut their target price on shares of Cigna Group from $354.00 to $300.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.63.

Cigna Group Stock Up 1.7%

CI opened at $289.14 on Friday. The stock has a market cap of $77.24 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.74. The firm’s fifty day moving average is $279.63 and its 200 day moving average is $284.45. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week 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 EPS for the quarter, beating 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 analysts’ expectations of $69.53 billion. During the same period last year, the firm earned $6.64 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.250- EPS. On average, sell-side analysts forecast that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s payout ratio is presently 28.13%.

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.