Munich Reinsurance Co Stock Corp in Munich Makes New Investment in Cigna Group $CI

Key Points

• Munich Reinsurance Co. acquired a new stake of 22,646 shares of Cigna (NYSE:CI) during the third quarter, valued at about $6.53 million.
• Cigna beat quarterly expectations with $8.08 EPS versus $7.88 expected and $72.5B revenue, set FY2026 guidance at about 30.25 EPS, and raised its quarterly dividend to $1.56 (annualized $6.24, ~2.3% yield).
• Institutional investors own about 86.99% of Cigna, and analysts hold a consensus "Moderate Buy" rating with an average price target of $330.42, after several recent target increases.

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Cigna Group (NYSE:CI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,646 shares of the health services provider's stock, valued at approximately $6,528,000.

Several other hedge funds have 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 worth $3,893,727,000 after purchasing an additional 123,479 shares in the last quarter. Dodge & Cox grew its position in shares of Cigna Group by 0.7% during the second quarter. Dodge & Cox now owns 8,950,610 shares of the health services provider's stock valued at $2,958,893,000 after purchasing an additional 60,877 shares in the last quarter. Norges Bank purchased a new position in shares of Cigna Group during the second quarter valued at about $1,110,426,000. Arrowstreet Capital Limited Partnership increased its holdings 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cigna Group by 0.7% in 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 buying an additional 15,014 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays cut their price target on Cigna Group from $305.00 to $303.00 and set an "overweight" rating for the company in a report on Friday, February 6th. Jefferies Financial Group increased their target price on Cigna Group from $310.00 to $333.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cigna Group from $301.00 to $304.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. TD Cowen boosted their price target on shares of Cigna Group from $333.00 to $338.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Finally, Guggenheim reaffirmed a "buy" rating and set a $318.00 price target on shares of Cigna Group in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $330.42.

Insiders Place Their Bets

In other news, insider Everett Neville sold 1,719 shares of the 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 sale, the insider owned 5,670 shares of the company's stock, valued at approximately $1,638,119.70. This represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole S. Jones sold 2,307 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $288.91, for a total transaction of $666,515.37. Following the completion of the sale, the insider owned 32,647 shares of the company's stock, valued at $9,432,044.77. This trade represents a 6.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.70% of the company's stock.

Cigna Group Trading Down 3.5%

Shares of CI stock opened at $271.50 on Friday. The company has a market cap of $71.55 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.94 and a beta of 0.27. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The stock's 50 day simple moving average is $280.71 and its two-hundred day simple moving average is $284.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.74 and a quick ratio of 0.74.

Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results on Thursday, February 5th. The health services provider reported $8.08 EPS for the quarter, topping analysts' consensus estimates of $7.88 by $0.20. The firm had revenue of $72.50 billion during the quarter, compared to analysts' expectations of $69.53 billion. Cigna Group had a return on equity of 19.46% and a net margin of 2.17%.The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.64 EPS. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Research analysts predict that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a dividend of $1.56 per share. 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. This represents a $6.24 annualized dividend and a yield of 2.3%. Cigna Group's payout ratio is presently 28.13%.

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.

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