Alberta Investment Management Corp Takes Position in Cigna Group $CI

Alberta Investment Management Corp acquired a new stake in shares of Cigna Group (NYSE:CI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,000 shares of the health services provider’s stock, valued at approximately $3,171,000.

Several other institutional investors have also recently made changes to their positions 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 valued at $26,000 after buying an additional 49 shares during the last quarter. Solstein Capital LLC purchased a new stake in Cigna Group in the 2nd quarter worth about $29,000. Chilton Capital Management LLC bought a new stake in Cigna Group in the 2nd quarter valued at about $30,000. Collier Financial purchased a new stake in Cigna Group during the third quarter valued at about $34,000. Finally, Quaker Wealth Management LLC boosted its position in Cigna Group by 201.0% during the second quarter. Quaker Wealth Management LLC now owns 106 shares of the health services provider’s stock worth $35,000 after purchasing an additional 211 shares during the period. Institutional investors own 86.99% of the company’s stock.

Cigna Group Stock Down 1.4%

Shares of NYSE:CI opened at $285.92 on Friday. The firm has a market capitalization of $76.38 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.01 and a beta of 0.27. 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 $278.79 and a 200-day moving average price of $284.00. Cigna Group has a 52-week low of $239.51 and a 52-week high of $350.00.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, topping the consensus estimate of $7.88 by $0.20. The company had revenue of $72.50 billion for the quarter, compared to analysts’ expectations of $69.53 billion. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders 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 dividend yield of 2.2%. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Thursday, March 5th. Cigna Group’s dividend payout ratio is currently 27.23%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cigna Group from $301.00 to $304.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Guggenheim restated a “buy” rating and set a $318.00 target price on shares of Cigna Group in a research report on Monday, February 2nd. Jefferies Financial Group lifted their price target on Cigna Group from $310.00 to $333.00 and gave the company a “buy” rating in a research report on Monday, February 9th. UBS Group reiterated a “buy” rating and set a $375.00 price objective on shares of Cigna Group in a research note on Monday, February 9th. Finally, The Goldman Sachs Group cut their target price on Cigna Group from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $330.63.

Cigna Group Company Profile

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.