Cigna Group $CI Shares Sold by DNB Asset Management AS

DNB Asset Management AS cut its stake in shares of Cigna Group (NYSE:CI) by 35.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,273 shares of the health services provider’s stock after selling 27,912 shares during the period. DNB Asset Management AS’s holdings in Cigna Group were worth $14,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Cigna Group by 9.3% in the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after purchasing an additional 318 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Cigna Group by 10.4% during the second quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider’s stock worth $384,000 after purchasing an additional 109 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Cigna Group by 1,278.8% during the second quarter. Hantz Financial Services Inc. now owns 11,003 shares of the health services provider’s stock worth $3,637,000 after buying an additional 10,205 shares during the period. HBK Sorce Advisory LLC grew its stake in shares of Cigna Group by 3.1% in the second quarter. HBK Sorce Advisory LLC now owns 1,263 shares of the health services provider’s stock valued at $418,000 after buying an additional 38 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Cigna Group by 28.9% in the 2nd quarter. Assetmark Inc. now owns 60,925 shares of the health services provider’s stock valued at $20,141,000 after buying an additional 13,675 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Cigna Group Stock Up 0.3%

Cigna Group stock opened at $289.73 on Friday. The company has a market capitalization of $77.39 billion, a P/E ratio of 13.06, a PEG 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. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $350.00. The stock has a 50-day simple moving average of $279.98 and a 200-day simple moving average of $284.56.

Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 EPS 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 analyst estimates 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 was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Equities research analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. 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

A number of equities analysts recently commented on CI shares. UBS Group restated a “buy” rating and set a $375.00 target price on shares of Cigna Group in a report on Monday, February 9th. Mizuho set a $325.00 price objective on shares of Cigna Group in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cigna Group in a research note on Monday, December 29th. Jefferies Financial Group lifted their target price on Cigna Group from $310.00 to $333.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Zacks Research upgraded shares of Cigna Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Cigna Group has a consensus rating of “Moderate Buy” and an average target price of $330.63.

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.