Oddo BHF Asset Management Sas Increases Stock Position in Cigna Group $CI

Oddo BHF Asset Management Sas raised its position in shares of Cigna Group (NYSE:CI) by 28.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,115 shares of the health services provider’s stock after purchasing an additional 2,710 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Cigna Group were worth $3,334,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CI. Wilkerson Advisory Group LLC purchased a new position in Cigna Group during the 4th quarter valued at approximately $25,000. Beacon Financial Strategies CORP purchased a new position in Cigna Group during the 4th quarter valued at approximately $28,000. Lodestone Wealth Management LLC purchased a new position in Cigna Group during the 4th quarter valued at approximately $32,000. Creative Financial Designs Inc. ADV grew its holdings in Cigna Group by 147.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 136 shares of the health services provider’s stock valued at $37,000 after buying an additional 81 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in Cigna Group by 1,050.0% during the 4th quarter. Activest Wealth Management now owns 138 shares of the health services provider’s stock valued at $38,000 after buying an additional 126 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. Jefferies Financial Group cut their price target on Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft cut shares of Cigna Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $303.00 to $302.00 in a research report on Wednesday, May 20th. Morgan Stanley upped their target price on shares of Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Cantor Fitzgerald upped their target price on shares of Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Guggenheim upped their target price on shares of Cigna Group from $334.00 to $338.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Cigna Group currently has an average rating of “Moderate Buy” and a consensus price target of $338.30.

Cigna Group Stock Down 0.6%

NYSE CI opened at $292.01 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $283.44 and a two-hundred day moving average of $278.26. The firm has a market capitalization of $77.25 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.13 and a beta of 0.28. Cigna Group has a 52 week low of $239.51 and a 52 week high of $338.89.

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

Cigna Group Announces Dividend

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

Insider Activity at Cigna Group

In other news, CAO Jamie G. Kates sold 899 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the sale, the chief accounting officer directly owned 2,368 shares in the company, valued at approximately $707,108.48. This represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Cordani sold 201,878 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the completion of the sale, the chief executive officer owned 34,337 shares in the company, valued at approximately $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. 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. Corporate insiders own 0.60% of the company’s stock.

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.