Cigna Group $CI Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Cigna Group (NYSE:CI) by 44.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,320 shares of the health services provider’s stock after buying an additional 11,711 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cigna Group were worth $11,046,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CI. Harbor Capital Advisors Inc. lifted its position in shares of Cigna Group by 119.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Solstein Capital LLC acquired a new stake in Cigna Group in the second quarter valued at $29,000. Chilton Capital Management LLC acquired a new stake in Cigna Group in the second quarter valued at $30,000. Princeton Global Asset Management LLC lifted its holdings 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 worth $32,000 after buying an additional 52 shares during the last quarter. Finally, Collier Financial acquired a new position in shares of Cigna Group during the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CI. Morgan Stanley reissued an “overweight” rating and set a $355.00 target price on shares of Cigna Group in a research report on Friday, October 31st. Royal Bank Of Canada dropped their price target on shares of Cigna Group from $344.00 to $333.00 and set an “outperform” rating on the stock in a research note on Friday. Robert W. Baird reduced their price objective on shares of Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Cigna Group from $415.00 to $301.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Leerink Partners lifted their price target on shares of Cigna Group from $270.00 to $297.00 and gave the stock a “market perform” rating in a research note on Friday. One research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $329.84.

Cigna Group Stock Up 0.9%

CI opened at $294.75 on Tuesday. The business’s fifty day simple moving average is $275.19 and its 200 day simple moving average is $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. The firm has a market cap of $78.74 billion, a P/E ratio of 13.29, a PEG ratio of 1.04 and a beta of 0.27. Cigna Group has a 52 week low of $239.51 and a 52 week high of $350.00.

Cigna Group (NYSE:CI) last released its 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 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. As a group, equities research analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Increases Dividend

The business also recently announced 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 is Thursday, March 5th. This is a positive change 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%. 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.