Cigna Group (NYSE:CI) Earns In-Line Rating from Analysts at Evercore

Evercore began coverage on shares of Cigna Group (NYSE:CI) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued an in-line rating and a $290.00 target price on the health services provider’s stock.

Other analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Mizuho upped their price target on Cigna Group from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Morgan Stanley increased their price objective on Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Raymond James Financial lowered Cigna Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $350.00 to $320.00 in a research note on Monday, August 3rd. Finally, Piper Sandler decreased their target price on Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $337.10.

Cigna Group Trading Down 0.1%

Shares of CI stock opened at $280.51 on Wednesday. The stock has a 50-day simple moving average of $283.31 and a 200 day simple moving average of $280.78. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $315.47. The stock has a market capitalization of $74.12 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.96 and a beta of 0.31. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.68.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, topping the consensus estimate of $7.60 by $0.18. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The firm had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. During the same period in the previous year, the business earned $7.20 earnings per share. Cigna Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, sell-side analysts expect that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio is 25.82%.

Insider Buying and Selling

In other Cigna Group news, insider Everett Neville sold 617 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total transaction of $175,258.85. Following the sale, the insider directly owned 5,053 shares of the company’s stock, valued at $1,435,304.65. The trade was a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole S. Jones sold 19,436 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total value of $5,369,583.72. Following the completion of the sale, the insider owned 27,256 shares of the company’s stock, valued at $7,530,015.12. The trade was a 41.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 22,730 shares of company stock valued at $6,293,359 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Cigna Group

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of Cigna Group by 26,190.2% in the second quarter. California State Teachers Retirement System now owns 106,647,359 shares of the health services provider’s stock worth $29,400,544,000 after purchasing an additional 106,241,705 shares in the last quarter. BlackRock Inc. grew its position in Cigna Group by 3.7% during the second quarter. BlackRock Inc. now owns 23,438,250 shares of the health services provider’s stock valued at $6,461,457,000 after purchasing an additional 840,098 shares in the last quarter. State Street Corp grew its position in Cigna Group by 1.8% during the fourth quarter. State Street Corp now owns 12,339,250 shares of the health services provider’s stock valued at $3,396,132,000 after purchasing an additional 224,122 shares in the last quarter. Dodge & Cox increased its stake in Cigna Group by 19.7% in the 4th quarter. Dodge & Cox now owns 11,138,614 shares of the health services provider’s stock valued at $3,065,681,000 after buying an additional 1,833,389 shares during the period. Finally, GQG Partners LLC increased its stake in Cigna Group by 14.3% in the 4th quarter. GQG Partners LLC now owns 7,763,295 shares of the health services provider’s stock valued at $2,136,699,000 after buying an additional 972,302 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

About Cigna Group

The Cigna Group (NYSE: CI) is a global health services company that helps individuals, employers, health plans and government organizations access health care and related services. The company operates primarily through two businesses: Cigna Healthcare, which provides medical, behavioral health, dental and other health benefit products and services, and Evernorth Health Services, which offers pharmacy, care delivery and health benefits solutions.

Evernorth includes Express Scripts, a pharmacy benefit services provider that manages prescription drug benefits and operates home delivery and specialty pharmacy services.