Cigna Group (NYSE:CI) Stock Has Consensus Price Target of $337.10

Shares of Cigna Group (NYSE:CI) have earned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $338.24.

CI has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $337.00 target price on shares of Cigna Group in a report on Thursday. Evercore assumed coverage on Cigna Group in a research note on Wednesday, September 9th. They issued an “in-line” rating and a $290.00 price target on the stock. Jefferies Financial Group downgraded Cigna Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Guggenheim upped their price objective on shares of Cigna Group from $338.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Piper Sandler set a $370.00 target price on shares of Cigna Group and gave the stock an “overweight” rating in a report on Friday.

Cigna Group Trading Up 0.1%

Shares of NYSE:CI opened at $270.92 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $71.59 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.91 and a beta of 0.29. Cigna Group has a 1-year low of $239.51 and a 1-year high of $315.47. The company has a 50 day moving average price of $278.79 and a 200 day moving average price of $280.58.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.60 by $0.18. The company had revenue of $71.56 billion for the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, research analysts anticipate that Cigna Group will post 30.5 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th were paid a $1.56 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $6.24 dividend on an annualized basis and a yield of 2.3%. Cigna Group’s dividend payout ratio (DPR) is currently 25.82%.

Insider Activity at Cigna Group

In other Cigna Group news, insider Nicole Jones sold 19,436 shares of Cigna Group stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the transaction, the insider directly owned 27,256 shares in the company, valued at approximately $7,530,015.12. The trade was a 41.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Everett Neville sold 617 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total value of $175,258.85. Following the completion of the sale, the insider 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. 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. Over the last quarter, insiders have sold 22,730 shares of company stock worth $6,293,359. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Cigna Group

Several hedge funds have recently bought and sold shares of the business. Miller Global Investments LLC boosted its position in Cigna Group by 9.1% during the 3rd quarter. Miller Global Investments LLC now owns 2,779 shares of the health services provider’s stock worth $755,000 after acquiring an additional 231 shares during the period. Parrish Capital LLC lifted its position in shares of Cigna Group by 6.6% in the third quarter. Parrish Capital LLC now owns 2,968 shares of the health services provider’s stock worth $807,000 after purchasing an additional 184 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Cigna Group by 35.1% in the second quarter. QRG Capital Management Inc. now owns 22,694 shares of the health services provider’s stock worth $6,256,000 after purchasing an additional 5,902 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Cigna Group by 45.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 19,015 shares of the health services provider’s stock worth $5,242,000 after purchasing an additional 5,985 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Cigna Group by 43.2% during the second quarter. Envestnet Asset Management Inc. now owns 676,904 shares of the health services provider’s stock valued at $186,609,000 after purchasing an additional 204,285 shares in the last quarter. 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 company that provides health care and related services to individuals, employers, government organizations and health plans. Its operations are primarily organized through Cigna Healthcare and Evernorth Health Services, which together address health coverage, pharmacy services, care delivery and benefit management.

Cigna Healthcare offers medical, dental, behavioral health, disability and other benefits, with a focus on employer-sponsored and individual health plans in the United States as well as international health services.