Cigna Group (NYSE:CI) Announces Quarterly Dividend of $1.56

Cigna Group (NYSE:CI) announced a quarterly dividend on Thursday, February 5th. Investors of record on Thursday, March 5th will be paid a dividend of 1.56 per share by the health services provider on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. This is a 3.3% increase from Cigna Group’s previous quarterly dividend of $1.51.

Cigna Group has raised its dividend by an average of 1.7%per year over the last three years and has raised its dividend every year for the last 5 years. Cigna Group has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Cigna Group to earn $33.03 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 18.3%.

Cigna Group Trading Up 3.9%

Shares of CI traded up $11.13 during mid-day trading on Friday, reaching $295.66. 715,906 shares of the company were exchanged, compared to its average volume of 1,702,266. The business has a 50 day simple moving average of $274.47 and a two-hundred day simple moving average of $283.96. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $78.98 billion, a PE ratio of 13.04, a PEG ratio of 0.96 and a beta of 0.27. Cigna Group has a 52 week low of $239.51 and a 52 week high of $350.00.

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, topping the consensus estimate of $7.88 by $0.20. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. The firm had revenue of $72.50 billion during the quarter, compared to analyst estimates of $69.53 billion. During the same quarter last year, the business earned $6.64 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.250- EPS. On average, analysts predict that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Institutional Trading of Cigna Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Cigna Group by 119.5% in the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. Beacon Financial Strategies CORP purchased a new stake in shares of Cigna Group in the 4th quarter valued at about $28,000. Solstein Capital LLC purchased a new position in shares of Cigna Group during the second quarter worth about $29,000. Chilton Capital Management LLC purchased a new position in shares of Cigna Group during the second quarter worth about $30,000. Finally, Princeton Global Asset Management LLC raised its stake in Cigna Group by 115.6% in the second quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock valued at $32,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

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.