Retirement Wealth Solutions LLC Acquires 43 Shares of Cigna Group $CI

Retirement Wealth Solutions LLC lifted its holdings in Cigna Group (NYSE:CI) by 74.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 101 shares of the health services provider’s stock after acquiring an additional 43 shares during the quarter. Retirement Wealth Solutions LLC’s holdings in Cigna Group were worth $33,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new stake in Cigna Group during the 1st quarter valued at $28,000. 1248 Management LLC bought a new stake in Cigna Group during the 1st quarter valued at $29,000. Activest Wealth Management raised its holdings in Cigna Group by 360.0% during 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. Putney Financial Group LLC bought a new stake in Cigna Group during the 4th quarter valued at $36,000. Finally, Saudi Central Bank purchased a new position in Cigna Group during 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 $302.71 on Friday. Cigna Group has a one year low of $256.89 and a one year high of $370.83. The company’s 50-day moving average is $295.47 and its 200 day moving average is $312.04. The company has a market capitalization of $80.80 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.90 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 (NYSE:CI) last announced its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, beating the consensus estimate of $7.15 by $0.05. The company 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%. Cigna Group’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 4th. Cigna Group’s dividend payout ratio (DPR) is presently 32.97%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen raised shares of Cigna Group to a “strong-buy” rating in a research report on Monday, June 23rd. Barclays boosted their price objective on shares of Cigna Group from $354.00 to $383.00 and gave the company an “overweight” rating in a research report on Thursday, September 4th. Wells Fargo & Company decreased their price target on shares of Cigna Group from $341.00 to $340.00 and set an “equal weight” rating for the company in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $415.00 price target on shares of Cigna Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $371.00 price target on shares of Cigna Group in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus 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 firm’s stock in a transaction dated 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 sale, the insider owned 25,648 shares of the company’s stock, valued at $7,694,400. This trade represents a 52.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Cigna Group 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.