Kesler Norman & Wride LLC Purchases New Shares in Cigna Group $CI

Kesler Norman & Wride LLC acquired a new position in Cigna Group (NYSE:CI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,033 shares of the health services provider’s stock, valued at approximately $562,000.

Several other hedge funds have also modified their holdings of the company. Wilsey Asset Management Inc. boosted its position in shares of Cigna Group by 2.9% during the 2nd quarter. Wilsey Asset Management Inc. now owns 101,936 shares of the health services provider’s stock valued at $33,698,000 after acquiring an additional 2,847 shares during the last quarter. SCS Capital Management LLC raised its stake in Cigna Group by 39.1% during the second quarter. SCS Capital Management LLC now owns 30,633 shares of the health services provider’s stock worth $10,127,000 after purchasing an additional 8,609 shares during the period. Retirement Systems of Alabama raised its stake in Cigna Group by 3.9% during the second quarter. Retirement Systems of Alabama now owns 165,487 shares of the health services provider’s stock worth $54,707,000 after purchasing an additional 6,155 shares during the period. Modern Wealth Management LLC boosted its holdings in Cigna Group by 91.3% in the 1st quarter. Modern Wealth Management LLC now owns 3,130 shares of the health services provider’s stock valued at $1,030,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Natixis grew its stake in shares of Cigna Group by 69.5% in the 2nd quarter. Natixis now owns 223,884 shares of the health services provider’s stock valued at $74,012,000 after buying an additional 91,794 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CI shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $307.00 price target on shares of Cigna Group in a research report on Tuesday. Truist Financial raised their target price on Cigna Group from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, January 5th. UBS Group set a $294.00 target price on Cigna Group in a research report on Wednesday, November 12th. Wells Fargo & Company lowered their price target on 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, Cowen set a $333.00 price objective on Cigna Group in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.48.

Cigna Group Price Performance

CI opened at $279.13 on Friday. The stock’s 50-day moving average price is $272.31 and its 200 day moving average price is $288.93. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00. The firm has a market cap of $74.56 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.98 and a beta of 0.26. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 30th. The health services provider reported $7.83 earnings per share for the quarter, beating the consensus estimate of $7.64 by $0.19. The company had revenue of $69.57 billion during the quarter, compared to the consensus estimate of $66.40 billion. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.Cigna Group’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $7.51 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, sell-side analysts expect that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a dividend of $1.51 per share. The ex-dividend date was Thursday, December 4th. This represents a $6.04 dividend on an annualized basis and a yield of 2.2%. Cigna Group’s dividend payout ratio is 26.64%.

Insider Transactions at Cigna Group

In other Cigna Group news, CEO David Cordani purchased 4,134 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $241.88 per share, with a total value of $999,931.92. Following the transaction, the chief executive officer directly owned 157,935 shares of the company’s stock, valued at approximately $38,201,317.80. This represents a 2.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.