Accurate Wealth Management LLC Takes Position in Cigna Group $CI

Key Points

• Accurate Wealth Management LLC has acquired a stake in Cigna Group, purchasing 1,502 shares valued at approximately $464,000 during the second quarter.
• Cigna Group recently reported a quarterly earnings of $7.20 EPS, exceeding estimates, with a revenue of $67.13 billion for the quarter, reflecting an 11.0% increase year-over-year.
• Analysts have a consensus rating of "Buy" on Cigna Group, with a target price of $371.81, after several upgrades and downgrades from major brokerages.

Accurate Wealth Management LLC bought a new stake in shares of Cigna Group (NYSE:CI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,502 shares of the health services provider's stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CI. Flaharty Asset Management LLC purchased a new position in Cigna Group in the 1st quarter valued at about $28,000. 1248 Management LLC purchased a new position in Cigna Group in the 1st quarter valued at about $29,000. Activest Wealth Management lifted its stake 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 in the last quarter. Retirement Wealth Solutions LLC lifted its stake 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 in the last quarter. Finally, Saudi Central Bank purchased a new position in Cigna Group in the 1st quarter valued at about $36,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CI. Deutsche Bank Aktiengesellschaft set a $415.00 price target on shares of Cigna Group and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Cigna Group from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Wells Fargo & Company decreased their target price on shares of Cigna Group from $341.00 to $340.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 14th. Truist Financial set a $375.00 target price on shares of Cigna Group in a research note on Tuesday, September 2nd. Finally, TD Cowen raised shares of Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Cigna Group currently has an average rating of "Buy" and a consensus target price of $371.81.

Cigna Group Trading Down 2.5%

CI opened at $284.06 on Friday. The firm has a market capitalization of $75.83 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 0.85 and a beta of 0.48. 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's 50 day simple moving average is $292.89 and its two-hundred day simple moving average is $310.72. Cigna Group has a 1-year low of $256.89 and a 1-year high of $358.88.

Cigna Group (NYSE:CI - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $67.13 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. Cigna Group's payout ratio is presently 32.97%.

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction that occurred 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 sale, the insider owned 25,648 shares of the company's stock, valued at approximately $7,694,400. The trade was a 52.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

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