Financiere des Professionnels Fonds d investissement inc. Has $10.08 Million Stake in Cigna Group $CI

Financiere des Professionnels Fonds d investissement inc. raised its position in shares of Cigna Group (NYSE:CI) by 25.0% in the 4th quarter, Holdings Channel reports. The firm owned 36,622 shares of the health services provider’s stock after acquiring an additional 7,319 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Cigna Group were worth $10,079,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its position in Cigna Group by 11.0% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 363 shares of the health services provider’s stock valued at $100,000 after purchasing an additional 36 shares in the last quarter. OLD National Bancorp IN raised its position in Cigna Group by 3.7% during the fourth quarter. OLD National Bancorp IN now owns 1,031 shares of the health services provider’s stock valued at $284,000 after purchasing an additional 37 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in Cigna Group by 5.3% during the fourth quarter. CYBER HORNET ETFs LLC now owns 801 shares of the health services provider’s stock valued at $220,000 after purchasing an additional 40 shares in the last quarter. BNP Paribas raised its position in Cigna Group by 0.7% during the fourth 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. Finally, Cookson Peirce & Co. Inc. raised its position in Cigna Group by 0.8% during the third quarter. Cookson Peirce & Co. Inc. now owns 4,953 shares of the health services provider’s stock valued at $1,428,000 after purchasing an additional 41 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Cigna Group Stock Up 0.5%

Shares of NYSE:CI opened at $296.34 on Thursday. The company has a fifty day moving average of $281.36 and a 200-day moving average of $277.76. The company has a market capitalization of $78.39 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.14 and a beta of 0.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73. Cigna Group has a 52-week low of $239.51 and a 52-week high of $338.89.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.60 by $0.19. The company had revenue of $68.52 billion during the quarter, compared to the consensus estimate of $66.29 billion. Cigna Group had a net margin of 2.26% and a return on equity of 19.75%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $6.74 earnings per share. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, equities analysts predict that Cigna Group will post 30.39 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $1.56 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.24 annualized dividend and a dividend yield of 2.1%. Cigna Group’s payout ratio is currently 26.45%.

Insider Buying and Selling at Cigna Group

In related news, CEO David Cordani sold 201,878 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on CI shares. UBS Group boosted their price objective on shares of Cigna Group from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Sanford C. Bernstein boosted their price objective on shares of Cigna Group from $358.00 to $371.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Jefferies Financial Group lowered their price objective on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Mizuho upped their price target on shares of Cigna Group from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and an average price target of $338.80.

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.