Candriam S.C.A. Has $22.24 Million Stock Position in Cigna Group $CI

Candriam S.C.A. lifted its position in Cigna Group (NYSE:CI) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 77,163 shares of the health services provider’s stock after buying an additional 2,214 shares during the quarter. Candriam S.C.A.’s holdings in Cigna Group were worth $22,242,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CI shares. Jefferies Financial Group lifted their target price on shares of Cigna Group from $310.00 to $333.00 and gave the company a “buy” rating in a research note on Monday. Zacks Research upgraded Cigna Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Royal Bank Of Canada cut their price target on Cigna Group from $344.00 to $333.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price target on Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, November 4th. Finally, Barclays cut their price objective on shares of Cigna Group from $305.00 to $303.00 and set an “overweight” rating on the stock in a research report on Friday. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $329.84.

Cigna Group Trading Up 0.9%

Shares of CI stock opened at $294.75 on Tuesday. The company has a market capitalization of $78.74 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.04 and a beta of 0.27. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00. The firm has a 50-day moving average price of $275.19 and a 200 day moving average price of $283.70. The company has a quick ratio of 0.76, a current ratio of 0.74 and a debt-to-equity ratio of 0.74.

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

Cigna Group Increases Dividend

The business also recently disclosed 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. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, March 5th. Cigna Group’s dividend payout ratio is currently 27.23%.

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.