Analysts Set Cigna Group (NYSE:CI) PT at $338.80

Shares of Cigna Group (NYSE:CI) have received a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $338.80.

Several research firms have issued reports on CI. Wells Fargo & Company lifted their price target on shares of Cigna Group from $300.00 to $305.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Wolfe Research reissued an “outperform” rating and issued a $315.00 price objective on shares of Cigna Group in a research report on Tuesday, June 16th. Robert W. Baird set a $337.00 target price on Cigna Group in a research note on Friday, May 1st. UBS Group boosted their target price on Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Mizuho upped their target price on Cigna Group from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Monday, June 8th.

Cigna Group Stock Performance

CI stock opened at $289.82 on Friday. Cigna Group has a one year low of $239.51 and a one year high of $315.47. The firm has a market cap of $76.67 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.09 and a beta of 0.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50-day simple moving average of $286.41 and a two-hundred day simple moving average of $280.59.

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

Insider Activity

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the sale, the chief accounting officer owned 2,368 shares of the company’s stock, valued at approximately $707,108.48. The trade was a 27.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Cordani sold 201,878 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the transaction, the chief executive officer owned 34,337 shares in the company, valued at $10,054,560.34. The trade was a 85.46% 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. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Cigna Group

A number of large investors have recently made changes to their positions in CI. Wilkerson Advisory Group LLC purchased a new position in Cigna Group in the 4th quarter worth $25,000. Beacon Financial Strategies CORP purchased a new stake in Cigna Group during the 4th quarter valued at about $28,000. Cedar Mountain Advisors LLC increased its holdings in shares of Cigna Group by 161.9% in the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 68 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Cigna Group in the fourth quarter worth about $29,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Cigna Group in the fourth quarter worth about $29,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

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.