Public Sector Pension Investment Board Purchases 3,342 Shares of Cigna Group $CI

Public Sector Pension Investment Board increased its stake in Cigna Group (NYSE:CI) by 16.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,331 shares of the health services provider’s stock after purchasing an additional 3,342 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cigna Group were worth $6,725,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cigna Group by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,235 shares of the health services provider’s stock valued at $13,039,000 after purchasing an additional 4,738 shares during the last quarter. Maj Invest Holding A S boosted its position in Cigna Group by 2.4% in the third quarter. Maj Invest Holding A S now owns 422,728 shares of the health services provider’s stock valued at $121,854,000 after buying an additional 10,042 shares in the last quarter. Providence Capital Advisors LLC increased its stake in shares of Cigna Group by 1,016.8% in the third quarter. Providence Capital Advisors LLC now owns 8,510 shares of the health services provider’s stock valued at $2,453,000 after buying an additional 7,748 shares during the period. National Pension Service increased its holdings in Cigna Group by 3.2% in the third quarter. National Pension Service now owns 683,751 shares of the health services provider’s stock valued at $197,091,000 after purchasing an additional 21,203 shares during the period. Finally, SCS Capital Management LLC raised its holdings in Cigna Group by 39.1% during the 2nd quarter. SCS Capital Management LLC now owns 30,633 shares of the health services provider’s stock worth $10,127,000 after purchasing an additional 8,609 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CI. Jefferies Financial Group increased their target price on shares of Cigna Group from $310.00 to $333.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Guggenheim reissued a “buy” rating and issued a $318.00 price target on shares of Cigna Group in a research report on Monday, February 2nd. Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. TD Cowen increased their price target on shares of Cigna Group from $333.00 to $338.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, UBS Group reissued a “buy” rating and issued a $375.00 target price on shares of Cigna Group in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cigna Group has a consensus rating of “Moderate Buy” and an average target price of $330.63.

Cigna Group Stock Performance

Shares of CI stock opened at $290.24 on Thursday. The company has a market capitalization of $77.53 billion, a P/E ratio of 13.09, a PEG ratio of 1.01 and a beta of 0.27. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $350.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.74. The stock has a 50 day moving average price of $278.52 and a two-hundred day moving average price of $283.99.

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

Cigna Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. Cigna Group’s dividend payout ratio (DPR) is 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.