Mizuho Boosts Cigna Group (NYSE:CI) Price Target to $340.00

Cigna Group (NYSE:CI) had its price objective hoisted by investment analysts at Mizuho from $330.00 to $340.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the health services provider’s stock. Mizuho’s price target indicates a potential upside of 17.79% from the stock’s previous close.

A number of other analysts have also recently weighed in on CI. Robert W. Baird set a $337.00 target price on shares of Cigna Group in a report on Friday, May 1st. Sanford C. Bernstein lifted their price target on shares of Cigna Group from $358.00 to $371.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. UBS Group boosted their price objective on shares of Cigna Group from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Raymond James Financial set a $340.00 price objective on shares of Cigna Group in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and a consensus price target of $338.80.

Cigna Group Price Performance

Shares of CI opened at $288.65 on Monday. Cigna Group has a 52 week low of $239.51 and a 52 week high of $338.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The firm has a market cap of $76.36 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.12 and a beta of 0.28. The stock has a 50 day moving average of $279.58 and a 200-day moving average of $277.29.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.60 by $0.19. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The business had revenue of $68.52 billion for the quarter, compared to analyst estimates of $66.29 billion. During the same period in the prior year, the company posted $6.74 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, analysts forecast that Cigna Group will post 30.39 EPS for the current year.

Insider Buying and Selling

In related news, CEO David Cordani sold 201,878 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the sale, the chief executive officer directly owned 34,337 shares in the company, valued at $10,054,560.34. This trade represents a 85.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CI. Wilkerson Advisory Group LLC bought a new stake in shares of Cigna Group in the 4th quarter worth $25,000. Beacon Financial Strategies CORP acquired a new position in shares of Cigna Group in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Cigna Group in the 4th quarter worth approximately $29,000. Prosperity Bancshares Inc acquired a new stake in Cigna Group during the fourth quarter valued at approximately $29,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in Cigna Group by 161.9% during the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock worth $29,000 after buying an additional 68 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

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.