Erste Asset Management GmbH Has $12.88 Million Stake in Cigna Group $CI

Erste Asset Management GmbH trimmed its position in Cigna Group (NYSE:CI) by 31.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,924 shares of the health services provider’s stock after selling 20,369 shares during the period. Erste Asset Management GmbH’s holdings in Cigna Group were worth $12,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CI. Massachusetts Financial Services Co. MA lifted its stake in Cigna Group by 1.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,778,472 shares of the health services provider’s stock valued at $3,893,727,000 after acquiring an additional 123,479 shares in the last quarter. Dodge & Cox grew its stake in shares of Cigna Group by 0.7% during the 2nd quarter. Dodge & Cox now owns 8,950,610 shares of the health services provider’s stock worth $2,958,893,000 after acquiring an additional 60,877 shares in the last quarter. Norges Bank acquired a new stake in shares of Cigna Group in the second quarter valued at approximately $1,110,426,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Cigna Group by 24.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,508,740 shares of the health services provider’s stock worth $829,339,000 after purchasing an additional 492,045 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cigna Group by 0.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,052,912 shares of the health services provider’s stock worth $678,652,000 after purchasing an additional 15,014 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Cigna Group Stock Performance

Shares of NYSE CI opened at $289.73 on Friday. 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 company has a market capitalization of $77.39 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.00 and a beta of 0.27. Cigna Group has a 12 month low of $239.51 and a 12 month high of $350.00. The stock has a 50 day moving average of $279.98 and a 200-day moving average of $284.53.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.88 by $0.20. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The business had revenue of $72.50 billion during the quarter, compared to the consensus estimate of $69.53 billion. During the same quarter last year, the firm posted $6.64 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.250- EPS. As a group, equities research analysts predict 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. Investors of record on Thursday, March 5th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s payout ratio is presently 27.23%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of Cigna Group from $344.00 to $333.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $307.00 price objective on shares of Cigna Group in a report on Tuesday, January 6th. Truist Financial lifted their target price on Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Robert W. Baird reduced their price target on Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Finally, Cantor Fitzgerald decreased their price target on Cigna Group from $365.00 to $325.00 in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $330.63.

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.