Cigna Group $CI Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its position in shares of Cigna Group (NYSE:CI) by 55.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,931 shares of the health services provider’s stock after selling 3,701 shares during the quarter. Prospera Financial Services Inc’s holdings in Cigna Group were worth $848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings in Cigna Group by 119.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Solstein Capital LLC acquired a new position in shares of Cigna Group during the 2nd quarter worth approximately $29,000. Chilton Capital Management LLC purchased a new position in shares of Cigna Group during the 2nd quarter valued at approximately $30,000. Princeton Global Asset Management LLC grew its stake in Cigna Group by 115.6% in the 2nd quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock valued at $32,000 after acquiring an additional 52 shares during the period. Finally, Collier Financial purchased a new stake in Cigna Group in the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

CI has been the topic of several recent analyst reports. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Morgan Stanley reiterated an “overweight” rating and issued a $355.00 price objective on shares of Cigna Group in a report on Friday, October 31st. Sanford C. Bernstein reiterated a “market perform” rating and set a $307.00 price objective on shares of Cigna Group in a research note on Tuesday, January 6th. Barclays decreased their target price on Cigna Group from $305.00 to $303.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cigna Group from $301.00 to $304.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. One 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Cigna Group Trading Up 1.3%

Shares of CI opened at $291.35 on Monday. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00. The firm has a market capitalization of $77.83 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.01 and a beta of 0.27. The firm has a 50-day moving average price of $276.85 and a 200 day moving average price of $283.57. The company has a current ratio of 0.74, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, beating 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 net margin of 2.17% and a return on equity of 19.46%. Cigna Group’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $6.64 EPS. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Sell-side analysts forecast that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 2.1%. This is a boost from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Thursday, March 5th. Cigna Group’s payout ratio is 27.23%.

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.