Sumitomo Mitsui Trust Group Inc. Raises Position in Cigna Group $CI

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Cigna by 0.7% in Q4 to 784,299 shares (roughly 0.29% ownership), valued at about $215.86 million.
• Cigna beat Q4 estimates with $8.08 EPS versus $7.88 expected and $72.5B revenue (up 10.4% YoY), set FY2026 EPS guidance at 30.250, and raised its quarterly dividend to $1.56 ($6.24 annual, ~2.3% yield).
• Analysts hold a consensus rating of "Moderate Buy" with an average target price of $333.11, despite several recent price-target adjustments by major banks.

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Cigna Group (NYSE:CI - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 784,299 shares of the health services provider's stock after buying an additional 5,816 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.29% of Cigna Group worth $215,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CI. Brighton Jones LLC increased its holdings in shares of 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 buying an additional 318 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of 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 buying an additional 109 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of 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 buying an additional 958 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of 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 buying an additional 21,173 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Cigna Group during the 2nd quarter worth $163,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays dropped their price objective on Cigna Group from $305.00 to $303.00 and set an "overweight" rating for the company in a report on Friday, February 6th. Truist Financial upped their price objective on Cigna Group from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. Royal Bank Of Canada dropped their price objective on Cigna Group from $344.00 to $333.00 and set an "outperform" rating for the company in a report on Friday, February 6th. Zacks Research raised Cigna Group from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Finally, Piper Sandler cut their price objective on Cigna Group from $374.00 to $370.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 3rd. One investment 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $333.11.

Insider Transactions at Cigna Group

In related news, insider Nicole S. Jones sold 2,307 shares of Cigna Group stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Everett Neville sold 1,719 shares of Cigna Group stock in a transaction dated Monday, March 2nd. The stock was 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 $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. 0.60% of the stock is currently owned by company insiders.

Cigna Group Stock Up 0.1%

Shares of Cigna Group stock opened at $271.55 on Monday. The business has a 50-day moving average of $276.36 and a 200-day moving average of $278.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $71.56 billion, a PE ratio of 12.24, a P/E/G ratio of 0.94 and a beta of 0.26. Cigna Group has a 1-year low of $239.51 and a 1-year high of $350.00.

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

Cigna Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were paid a dividend of $1.56 per share. This is a boost from Cigna Group's previous quarterly dividend of $1.51. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, March 5th. Cigna Group's payout ratio is 28.13%.

Cigna Group 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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