Cigna Group $CI Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Cigna Group (NYSE:CI - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 568,683 shares of the health services provider's stock after purchasing an additional 36,785 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Cigna Group worth $158,731,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Beacon Financial Strategies CORP purchased a new stake in shares of Cigna Group in the 4th quarter valued at approximately $28,000. Lodestone Wealth Management LLC purchased a new stake in shares of Cigna Group in the 4th quarter valued at approximately $32,000. Collier Financial acquired a new stake in Cigna Group during the third quarter worth $34,000. Activest Wealth Management increased its stake in Cigna Group by 1,050.0% during the fourth quarter. Activest Wealth Management now owns 138 shares of the health services provider's stock worth $38,000 after acquiring an additional 126 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in Cigna Group by 116.4% during the fourth quarter. True Wealth Design LLC now owns 158 shares of the health services provider's stock worth $43,000 after acquiring an additional 85 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CI shares. Mizuho set a $330.00 price objective on Cigna Group in a research note on Friday, May 1st. UBS Group reaffirmed a "buy" rating and issued a $375.00 price objective on shares of Cigna Group in a research note on Monday, February 9th. Jefferies Financial Group dropped their price objective on Cigna Group from $333.00 to $330.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Sanford C. Bernstein lifted their price objective on Cigna Group from $358.00 to $371.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Cantor Fitzgerald lifted their price objective on Cigna Group from $325.00 to $340.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Cigna Group has an average rating of "Moderate Buy" and a consensus target price of $338.35.

Cigna Group Trading Up 2.3%

Shares of NYSE CI opened at $282.01 on Thursday. The stock has a market capitalization of $74.60 billion, a PE ratio of 11.95, a PEG ratio of 0.96 and a beta of 0.30. The stock has a fifty day simple moving average of $274.22 and a 200-day simple moving average of $276.43. Cigna Group has a twelve month low of $239.51 and a twelve month high of $338.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69.

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 (EPS) for the quarter, beating analysts' consensus estimates of $7.60 by $0.19. The firm had revenue of $68.52 billion during the quarter, compared to analyst estimates of $66.29 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.Cigna Group's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, equities analysts forecast that Cigna Group will post 30.4 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.56 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. Cigna Group's dividend payout ratio (DPR) is 26.45%.

Insiders Place Their Bets

In related news, insider Nicole S. Jones sold 2,307 shares of Cigna Group stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $666,515.37. Following the completion of the transaction, the insider directly owned 32,647 shares in the company, valued at approximately $9,432,044.77. This trade represents a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Everett Neville sold 1,719 shares of Cigna Group stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total value of $496,636.29. Following the completion of the transaction, the insider owned 5,670 shares of the company's stock, valued at approximately $1,638,119.70. This trade represents a 23.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% 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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