Signal Advisors Wealth LLC Purchases 3,666 Shares of Cigna Group $CI

Signal Advisors Wealth LLC increased its position in Cigna Group (NYSE:CI) by 200.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,493 shares of the health services provider’s stock after purchasing an additional 3,666 shares during the period. Signal Advisors Wealth LLC’s holdings in Cigna Group were worth $1,816,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new position in shares of Cigna Group in the 1st quarter worth $28,000. 1248 Management LLC purchased a new stake in Cigna Group in the 1st quarter valued at $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 valued at $30,000 after buying an additional 72 shares during the last quarter. Retirement Wealth Solutions LLC raised its position in Cigna Group by 74.1% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 101 shares of the health services provider’s stock valued at $33,000 after buying an additional 43 shares during the last quarter. Finally, Saudi Central Bank purchased a new stake in Cigna Group in the 1st quarter valued at $36,000. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Stock Performance

Shares of CI stock opened at $293.90 on Friday. 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 $358.91. The stock has a 50 day moving average price of $294.24 and a two-hundred day moving average price of $311.67. The company has a market capitalization of $78.45 billion, a P/E ratio of 16.04, a PEG ratio of 0.87 and a beta of 0.48.

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, beating the consensus estimate of $7.15 by $0.05. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The firm had revenue of $67.13 billion during the quarter, compared to the consensus estimate of $62.61 billion. During the same quarter in the previous year, the company posted $6.72 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $1.51 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.04 annualized dividend and a yield of 2.1%. Cigna Group’s payout ratio is presently 32.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $365.00 target price on shares of Cigna Group in a research note on Tuesday, August 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $371.00 target price on shares of Cigna Group in a report on Thursday, June 26th. TD Cowen raised Cigna Group to a “strong-buy” rating in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Deutsche Bank Aktiengesellschaft set a $415.00 price objective on shares of Cigna Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $371.81.

Insiders Place Their Bets

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $300.00, for a total value of $8,557,800.00. Following the completion of the sale, the insider owned 25,648 shares in the company, valued at approximately $7,694,400. The trade was a 52.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

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.