Mitsubishi UFJ Asset Management Co. Ltd. Buys 16,496 Shares of Cigna Group $CI

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Cigna Group (NYSE:CI) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 531,898 shares of the health services provider’s stock after buying an additional 16,496 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cigna Group were worth $153,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CI. AlphaCore Capital LLC boosted its position in shares of Cigna Group by 31.5% during the 3rd quarter. AlphaCore Capital LLC now owns 2,574 shares of the health services provider’s stock worth $742,000 after purchasing an additional 616 shares in the last quarter. Intech Investment Management LLC raised its stake in Cigna Group by 242.6% during the 3rd quarter. Intech Investment Management LLC now owns 72,724 shares of the health services provider’s stock worth $20,963,000 after buying an additional 51,496 shares during the period. MAI Capital Management raised its stake in Cigna Group by 52.5% during the 3rd quarter. MAI Capital Management now owns 14,124 shares of the health services provider’s stock worth $4,071,000 after buying an additional 4,860 shares during the period. RWA Wealth Partners LLC boosted its holdings in Cigna Group by 816.2% in the third quarter. RWA Wealth Partners LLC now owns 22,666 shares of the health services provider’s stock worth $6,534,000 after acquiring an additional 20,192 shares in the last quarter. Finally, Affinity Investment Advisors LLC grew its stake in Cigna Group by 3.3% in the third quarter. Affinity Investment Advisors LLC now owns 4,101 shares of the health services provider’s stock valued at $1,182,000 after acquiring an additional 130 shares during the period. 86.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CI. UBS Group reaffirmed a “buy” rating and set a $375.00 target price on shares of Cigna Group in a research report on Monday, February 9th. Truist Financial boosted their price target on shares of Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group lowered their price objective on shares of Cigna Group from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Wells Fargo & Company reduced their price objective on shares of Cigna Group from $354.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $307.00 target price on shares of Cigna Group in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $330.63.

Cigna Group Price Performance

Shares of NYSE:CI opened at $289.14 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock has a market cap of $77.24 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.27. The stock’s fifty day simple moving average is $279.63 and its two-hundred day simple moving average is $284.45. Cigna Group has a 1-year low of $239.51 and a 1-year high of $350.00.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.88 by $0.20. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. The firm had revenue of $72.50 billion during the quarter, compared to analyst estimates of $69.53 billion. During the same quarter in the prior year, the business posted $6.64 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.250- EPS. As a group, analysts forecast that Cigna Group will post 29.77 EPS for the current fiscal 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 $1.56 dividend. This is a positive change from Cigna Group’s previous quarterly dividend of $1.51. The ex-dividend date is Thursday, March 5th. This represents a $6.24 annualized dividend and a yield of 2.2%. Cigna Group’s dividend payout ratio (DPR) 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.