Shell Asset Management Co. Sells 12,171 Shares of Cigna Group $CI

Shell Asset Management Co. trimmed its position in shares of Cigna Group (NYSE:CI) by 58.6% in the third quarter, Holdings Channel reports. The fund owned 8,597 shares of the health services provider’s stock after selling 12,171 shares during the quarter. Shell Asset Management Co.’s holdings in Cigna Group were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Solstein Capital LLC acquired a new stake in Cigna Group in the 2nd quarter valued at approximately $29,000. 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 valued at $26,000 after acquiring an additional 49 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Cigna Group in the second quarter worth $30,000. Princeton Global Asset Management LLC increased its position in Cigna Group by 115.6% during the second quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock worth $32,000 after acquiring an additional 52 shares during the period. Finally, Quaker Wealth Management LLC raised its stake in Cigna Group by 201.0% during 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 last quarter. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Price Performance

Cigna Group stock opened at $291.35 on Friday. The business has a 50 day simple moving average of $276.85 and a 200 day simple moving average of $283.67. 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 company 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 has a one year low of $239.51 and a one year high of $350.00.

Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, February 5th. The health services provider reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.88 by $0.20. The firm had revenue of $72.50 billion during the quarter, compared to analyst estimates of $69.53 billion. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.64 earnings per share. 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 EPS for the current fiscal 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 issued a dividend of $1.56 per share. 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 27.23%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CI shares. Cantor Fitzgerald decreased their price target on shares of Cigna Group from $365.00 to $325.00 in a research report on Friday, October 31st. Mizuho set a $325.00 price target on Cigna Group in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cigna Group in a report on Monday, December 29th. Truist Financial set a $338.00 target price on Cigna Group in a research note on Monday, February 9th. Finally, Guggenheim reiterated a “buy” rating and set a $318.00 price target on shares of Cigna Group in a research note on Monday, February 2nd. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.