Mattson Financial Services LLC Purchases 372 Shares of Cigna Group $CI

Mattson Financial Services LLC lifted its stake in shares of Cigna Group (NYSE:CI) by 14.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,953 shares of the health services provider’s stock after acquiring an additional 372 shares during the period. Mattson Financial Services LLC’s holdings in Cigna Group were worth $972,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Flaharty Asset Management LLC purchased a new position in Cigna Group in the 1st quarter worth $28,000. 1248 Management LLC purchased a new position in Cigna Group in the 1st quarter worth $29,000. Activest Wealth Management raised its position in Cigna Group by 360.0% in the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after purchasing an additional 72 shares during the period. Saudi Central Bank purchased a new position in Cigna Group in the 1st quarter worth $36,000. Finally, Evermay Wealth Management LLC raised its position in Cigna Group by 58.6% in the 1st quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider’s stock worth $37,000 after purchasing an additional 41 shares during the period. 86.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CI shares. Guggenheim restated a “buy” rating and issued a $350.00 price objective (down previously from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Wall Street Zen cut shares of Cigna Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $371.00 price objective on shares of Cigna Group in a research report on Thursday, June 26th. Wells Fargo & Company decreased their price objective on shares of Cigna Group from $341.00 to $340.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 14th. 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 assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cigna Group has an average rating of “Buy” and a consensus price target of $374.76.

Insider Activity

In other news, insider Nicole S. Jones sold 28,526 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $300.00, for a total value of $8,557,800.00. Following the transaction, the insider owned 25,648 shares in the company, valued at approximately $7,694,400. This represents a 52.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Cigna Group Price Performance

Shares of CI opened at $302.35 on Thursday. The stock has a market cap of $80.71 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.88 and a beta of 0.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71. Cigna Group has a fifty-two week low of $256.89 and a fifty-two week high of $370.83. The firm’s 50-day simple moving average is $296.08 and its two-hundred day simple moving average is $312.04.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.15 by $0.05. The business had revenue of $67.13 billion for the quarter, compared to analysts’ expectations 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 was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The firm 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 $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, September 4th. Cigna Group’s dividend payout ratio is 32.97%.

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.