Cigna Group (NYSE:CI) Stock Has Average Target Price of $337.10 According to Analysts

Cigna Group (NYSE:CI – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $338.24.

Several brokerages recently commented on CI. Wells Fargo & Company increased their price objective on shares of Cigna Group from $305.00 to $307.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and set a $337.00 price objective on shares of Cigna Group in a research report on Thursday, October 1st. Evercore started coverage on Cigna Group in a report on Wednesday, September 9th. They issued an “in-line” rating and a $290.00 target price for the company. Jefferies Financial Group lowered shares of Cigna Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $336.00 to $307.00 in a report on Tuesday, August 4th. Finally, Guggenheim lifted their target price on shares of Cigna Group from $338.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, July 31st.

Check Out Our Latest Stock Analysis on CI

Cigna Group Trading Up 1.2%

Shares of CI opened at $274.53 on Wednesday. Cigna Group has a 52-week low of $239.51 and a 52-week high of $312.18. The business’s fifty day moving average is $277.85 and its 200-day moving average is $280.71. 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 firm has a market cap of $72.54 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.92 and a beta of 0.29.

Cigna Group (NYSE:CI – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, beating the consensus estimate of $7.60 by $0.18. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The business had revenue of $71.56 billion for the quarter, compared to analyst estimates of $70.14 billion. During the same period last year, the firm posted $7.20 earnings per share. Cigna Group’s revenue was up 6.7% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Equities analysts anticipate that Cigna Group will post 30.5 EPS for the current fiscal year.

Cigna Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th were given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 8th. Cigna Group’s payout ratio is 25.82%.

Insider Activity

In other Cigna Group news, insider Everett Neville sold 617 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $284.05, for a total transaction of $175,258.85. Following the completion of the sale, the insider owned 5,053 shares of the company’s stock, valued at approximately $1,435,304.65. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nicole S. Jones sold 2,677 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $279.61, for a total transaction of $748,515.97. Following the completion of the transaction, the insider owned 25,880 shares in the company, valued at $7,236,306.80. This trade represents a 9.37% 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. In the last three months, insiders sold 22,730 shares of company stock valued at $6,293,359. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Cigna Group

Several hedge funds and other institutional investors have recently bought and sold shares of CI. Evercore Wealth Management LLC boosted its holdings in shares of Cigna Group by 2.8% in the first quarter. Evercore Wealth Management LLC now owns 1,301 shares of the health services provider’s stock valued at $347,000 after acquiring an additional 35 shares during the period. Independence Bank of Kentucky increased its holdings in Cigna Group by 2.6% in the second quarter. Independence Bank of Kentucky now owns 1,483 shares of the health services provider’s stock valued at $409,000 after buying an additional 37 shares in the last quarter. West Family Investments Inc. increased its position in shares of Cigna Group by 4.2% in the second quarter. West Family Investments Inc. now owns 919 shares of the health services provider’s stock valued at $253,000 after buying an additional 37 shares in the last quarter. Whetstone Capital Advisors LLC lifted its stake in Cigna Group by 4.9% in the 4th quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider’s stock valued at $228,000 after buying an additional 39 shares in the last quarter. Finally, BNP Paribas lifted its holdings in Cigna Group by 0.7% in the 4th quarter. BNP Paribas now owns 5,676 shares of the health services provider’s stock valued at $1,566,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

About Cigna Group

(Get Free Report)

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.

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Analyst Recommendations for Cigna Group (NYSE:CI)

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