Illinois Municipal Retirement Fund Sells 2,757 Shares of Cigna Group $CI

Illinois Municipal Retirement Fund decreased its position in Cigna Group (NYSE:CI) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,781 shares of the health services provider’s stock after selling 2,757 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cigna Group were worth $5,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CI. Solstein Capital LLC bought a new position in shares of Cigna Group in the 2nd quarter valued at about $29,000. Harbor Capital Advisors Inc. boosted its stake in Cigna Group by 119.5% in the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in Cigna Group during the 2nd quarter worth $30,000. Princeton Global Asset Management LLC raised its position 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 acquiring an additional 52 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its stake in shares of Cigna Group by 201.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 106 shares of the health services provider’s stock valued at $35,000 after purchasing an additional 211 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CI has been the subject of a number of analyst reports. TD Cowen lifted their price objective on Cigna Group from $333.00 to $338.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Raymond James Financial restated a “strong-buy” rating on shares of Cigna Group in a research report on Monday, November 3rd. Truist Financial set a $338.00 price target on shares of Cigna Group in a research report on Monday, February 9th. Cantor Fitzgerald reduced their price objective on shares of Cigna Group from $365.00 to $325.00 in a research note on Friday, October 31st. Finally, Leerink Partners boosted their price objective on shares of Cigna Group from $270.00 to $297.00 and gave the company a “market perform” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $330.00.

Cigna Group Trading Up 1.3%

NYSE:CI opened at $291.35 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.74 and a quick ratio of 0.76. The business’s 50-day simple moving average is $276.85 and its 200-day simple moving average is $283.67. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $350.00. The stock has a market capitalization of $77.83 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.27.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $69.53 billion. During the same period in the prior year, the business earned $6.64 EPS. Cigna Group’s revenue for the quarter 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 expect 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 given a $1.56 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $6.24 annualized dividend and a yield of 2.1%. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s payout ratio is presently 27.23%.

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.