Cigna Group (NYSE:CI) Given New $350.00 Price Target at Truist Financial

Cigna Group (NYSE:CI) had its price target boosted by Truist Financial from $320.00 to $350.00 in a report issued on Tuesday morning, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the health services provider’s stock.

CI has been the subject of a number of other reports. UBS Group reiterated a “buy” rating and set a $375.00 price target on shares of Cigna Group in a report on Monday, February 9th. Jefferies Financial Group boosted their target price on shares of Cigna Group from $310.00 to $333.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Morgan Stanley reiterated an “overweight” rating and set a $355.00 target price on shares of Cigna Group in a research note on Friday, October 31st. Wells Fargo & Company decreased their price target on shares of Cigna Group from $354.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cigna Group in a research report on Monday, December 29th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.63.

Cigna Group Stock Performance

NYSE:CI opened at $290.57 on Tuesday. The firm has a market capitalization of $77.62 billion, a PE ratio of 13.10, a PEG ratio of 1.01 and a beta of 0.27. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The company has a current ratio of 0.74, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $277.96 and its 200 day simple moving average is $283.95.

Cigna Group (NYSE:CI) last released its quarterly earnings results 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. The company had revenue of $72.50 billion during the quarter, compared to analysts’ expectations of $69.53 billion. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. 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 company earned $6.64 earnings per share. Cigna Group has set its FY 2026 guidance at 30.250- EPS. On average, sell-side analysts anticipate that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be given a dividend of $1.56 per share. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. This represents a $6.24 annualized dividend and a dividend yield of 2.1%. Cigna Group’s dividend payout ratio (DPR) is presently 27.23%.

Institutional Investors Weigh In On Cigna Group

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Cigna Group by 9.3% in the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock valued at $1,032,000 after acquiring an additional 318 shares during the period. Sivia Capital Partners LLC increased its position in shares of Cigna Group by 10.4% during the 2nd 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. Harbour Investments Inc. lifted its holdings in Cigna Group by 12.0% during the 2nd quarter. Harbour Investments Inc. now owns 800 shares of the health services provider’s stock valued at $265,000 after purchasing an additional 86 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Cigna Group by 10.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,615 shares of the health services provider’s stock valued at $1,856,000 after purchasing an additional 543 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Cigna Group by 10.5% in the second quarter. Chicago Partners Investment Group LLC now owns 4,188 shares of the health services provider’s stock valued at $1,275,000 after buying an additional 397 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

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.