Piper Sandler Issues Pessimistic Forecast for Cigna Group (NYSE:CI) Stock Price

Cigna Group (NYSE:CI) had its target price lowered by investment analysts at Piper Sandler from $370.00 to $346.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an “overweight” rating on the health services provider’s stock. Piper Sandler’s price target would suggest a potential upside of 26.47% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Sanford C. Bernstein lifted their price objective on Cigna Group from $358.00 to $371.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. UBS Group increased their target price on Cigna Group from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Leerink Partners lifted their price target on Cigna Group from $270.00 to $297.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cigna Group in a report on Monday. Finally, Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $338.30.

Cigna Group Stock Up 0.3%

Shares of Cigna Group stock opened at $273.58 on Wednesday. Cigna Group has a one year low of $239.51 and a one year high of $338.89. The company has a market cap of $72.37 billion, a P/E ratio of 11.60, a PEG ratio of 0.99 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. The firm has a fifty day moving average of $278.51 and a two-hundred day moving average of $277.06.

Cigna Group (NYSE:CI) last issued its earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, beating 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 business had revenue of $68.52 billion for the quarter, compared to the consensus estimate of $66.29 billion. During the same quarter in the previous year, the firm earned $6.74 earnings per share. The business’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 forecast that Cigna Group will post 30.39 earnings per share for the current year.

Insider Buying and Selling

In other Cigna Group news, CEO David Cordani sold 201,878 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This represents a 85.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Cigna Group

Several hedge funds have recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC acquired a new stake in shares of Cigna Group in the fourth quarter valued at approximately $25,000. Beacon Financial Strategies CORP purchased a new stake in Cigna Group in the 4th quarter valued at approximately $28,000. Cedar Mountain Advisors LLC lifted its stake in Cigna Group by 161.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Cigna Group during the 4th quarter valued at $29,000. Finally, Prosperity Bancshares Inc purchased a new position in Cigna Group during the fourth quarter worth $29,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

About Cigna Group

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.