Cigna Group (NYSE:CI) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Cigna Group has a consensus analyst rating of “Moderate Buy” from 22 brokerage firms, with an average 12-month price target of $338.30.
• The company’s latest earnings beat expectations, posting $7.79 EPS versus $7.60 expected and revenue of $68.52 billion versus $66.29 billion forecast, while quarterly revenue rose 4.6% year over year.
• Cigna also recently paid a quarterly dividend of $1.56 per share, equal to a $6.24 annualized payout and a 2.2% yield; meanwhile, company insiders, including CEO David Cordani, have been selling shares.

Shares of Cigna Group (NYSE:CI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-two ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $338.30.

CI has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Cigna Group from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley boosted their target price on shares of Cigna Group from $355.00 to $361.00 and gave the company an "overweight" rating in a research note on Wednesday, May 20th. The Goldman Sachs Group boosted their target price on shares of Cigna Group from $335.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Robert W. Baird set a $337.00 target price on shares of Cigna Group in a research note on Friday, May 1st. Finally, Jefferies Financial Group lowered their price target on shares of Cigna Group from $333.00 to $330.00 and set a "buy" rating on the stock in a research report on Monday, April 20th.

Cigna Group Stock Up 0.1%

CI opened at $279.63 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. The stock has a market cap of $73.97 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.08 and a beta of 0.28. Cigna Group has a twelve month low of $239.51 and a twelve month high of $338.89. The company's 50-day moving average price is $283.79 and its two-hundred day moving average price is $278.36.

Cigna Group (NYSE:CI - Get Free Report) last released its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, beating analysts' consensus estimates of $7.60 by $0.19. The firm had revenue of $68.52 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, equities analysts expect that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $1.56 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group's payout ratio is 26.45%.

Insider Activity at Cigna Group

In other news, CEO David Cordani sold 201,878 shares of the business'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 value of $59,113,915.96. Following the sale, the chief executive officer owned 34,337 shares of the company's stock, valued at $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the sale, the chief accounting officer directly owned 2,368 shares in the company, valued at approximately $707,108.48. This trade represents a 27.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company's stock.

Institutional Trading of Cigna Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CI. Brighton Jones LLC increased its holdings in Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider's stock worth $1,032,000 after acquiring an additional 318 shares during the period. Sivia Capital Partners LLC increased its holdings in Cigna Group by 10.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider's stock worth $384,000 after acquiring an additional 109 shares during the period. NewEdge Advisors LLC increased its holdings in Cigna Group by 4.5% during the 2nd quarter. NewEdge Advisors LLC now owns 22,225 shares of the health services provider's stock worth $7,347,000 after acquiring an additional 958 shares during the period. Treasurer of the State of North Carolina increased its holdings in Cigna Group by 16.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 148,840 shares of the health services provider's stock worth $49,204,000 after acquiring an additional 21,173 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in Cigna Group during the 2nd quarter worth approximately $163,000. 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.

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