Cigna Group (NYSE:CI) Given Consensus Rating of “Buy” by Analysts

Shares of Cigna Group (NYSE:CI) have earned a consensus rating of “Buy” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $371.8125.

A number of brokerages have commented on CI. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Truist Financial set a $375.00 price objective on shares of Cigna Group in a research report on Tuesday, September 2nd. Robert W. Baird set a $372.00 price target on shares of Cigna Group in a research note on Thursday, August 14th. Barclays boosted their price target on shares of Cigna Group from $354.00 to $383.00 and gave the company an “overweight” rating in a report on Thursday, September 4th. Finally, Wells Fargo & Company lowered their target price on shares of Cigna Group from $341.00 to $340.00 and set an “equal weight” rating for the company in a research note on Thursday, August 14th.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the transaction, the insider directly owned 25,648 shares of the company’s stock, valued at $7,694,400. This trade represents a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cigna Group

Hedge funds have recently modified their holdings of the company. Flaharty Asset Management LLC purchased a new position in Cigna Group in the 1st quarter valued at approximately $28,000. 1248 Management LLC acquired a new position in Cigna Group in the 1st quarter valued at $29,000. Solstein Capital LLC purchased a new position in shares of Cigna Group in the 2nd quarter valued at about $29,000. Chilton Capital Management LLC purchased a new position in shares of Cigna Group in the 2nd quarter valued at about $30,000. Finally, Activest Wealth Management increased its holdings in shares of Cigna Group by 360.0% in the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Cigna Group Trading Down 1.2%

Shares of CI opened at $290.16 on Friday. The firm’s 50-day moving average price is $293.99 and its 200-day moving average price is $311.54. The firm has a market capitalization of $77.45 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.86 and a beta of 0.48. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Cigna Group has a 1-year low of $256.89 and a 1-year high of $358.91.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.15 by $0.05. The business had revenue of $67.13 billion for the quarter, compared to analysts’ expectations of $62.61 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 4th. Cigna Group’s payout ratio is currently 32.97%.

About Cigna Group

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.