National Wealth Management Group LLC Purchases Shares of 2,706 Cigna Group $CI

National Wealth Management Group LLC purchased a new stake in shares of Cigna Group (NYSE:CI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,706 shares of the health services provider’s stock, valued at approximately $890,000.

Other institutional investors have also bought and sold shares of the company. 1248 Management LLC bought a new stake in Cigna Group during the first quarter valued at $29,000. Activest Wealth Management grew its position in shares of Cigna Group by 360.0% during the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after buying an additional 72 shares during the period. Putney Financial Group LLC acquired a new stake in shares of Cigna Group during the 4th quarter worth approximately $36,000. Saudi Central Bank acquired a new stake in shares of Cigna Group during the 1st quarter worth approximately $36,000. Finally, Evermay Wealth Management LLC grew its position in shares of Cigna Group by 58.6% during the 1st quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider’s stock worth $37,000 after buying an additional 41 shares during the period. Institutional investors own 86.99% of the company’s stock.

Cigna Group Price Performance

CI opened at $303.35 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $80.97 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.88 and a beta of 0.48. The firm’s fifty day moving average price is $298.11 and its two-hundred day moving average price is $311.91. Cigna Group has a 1 year low of $256.89 and a 1 year high of $370.83.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.15 by $0.05. The firm had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 4th. Cigna Group’s payout ratio is currently 32.97%.

Wall Street Analyst Weigh In

CI has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $371.00 price objective on shares of Cigna Group in a research report on Thursday, June 26th. Barclays raised their price objective on shares of Cigna Group from $354.00 to $383.00 and gave the stock an “overweight” rating in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $365.00 price objective on shares of Cigna Group in a research report on Tuesday, August 26th. Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Robert W. Baird set a $372.00 price objective on shares of Cigna Group in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cigna Group presently has an average rating of “Buy” and a consensus price target of $374.76.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction on Friday, August 15th. The shares were sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the transaction, the insider directly owned 25,648 shares of the company’s stock, valued at $7,694,400. The trade was a 52.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.