National Wealth Management Group LLC Invests $890,000 in Cigna Group $CI

Key Points

• National Wealth Management Group LLC acquired 2,706 shares of Cigna Group valued at approximately $890,000, marking a new stake in the health services provider during the first quarter.
• Cigna Group reported a net margin of 1.92% and a return on equity of 18.80%, with quarterly revenue of $67.13 billion, exceeding analysts' expectations.
• The company plans to distribute a quarterly dividend of $1.51 per share, resulting in an annualized dividend yield of 2.0%, payable on September 18th.

National Wealth Management Group LLC bought a new position in shares of Cigna Group (NYSE:CI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,706 shares of the health services provider's stock, valued at approximately $890,000.

Other institutional investors have also made changes to their positions in the company. 1248 Management LLC bought a new position in Cigna Group during the first quarter worth $29,000. Activest Wealth Management lifted its position in shares of 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 buying an additional 72 shares during the last quarter. Putney Financial Group LLC bought a new position in shares of Cigna Group in the 4th quarter worth about $36,000. Saudi Central Bank bought a new stake in shares of Cigna Group during the 1st quarter valued at about $36,000. Finally, Evermay Wealth Management LLC raised its stake in Cigna Group by 58.6% during the first quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider's stock worth $37,000 after acquiring an additional 41 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Stock Performance

Shares of CI traded up $1.24 during trading hours on Tuesday, reaching $302.13. 1,109,230 shares of the company's stock traded hands, compared to its average volume of 1,822,722. Cigna Group has a twelve month low of $256.89 and a twelve month high of $370.83. The business's fifty day simple moving average is $297.09 and its two-hundred day simple moving average is $312.18. 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 firm has a market capitalization of $80.65 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.89 and a beta of 0.48.

Cigna Group (NYSE:CI - Get Free Report) last announced its earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.15 by $0.05. The firm had revenue of $67.13 billion during 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%. Cigna Group's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.72 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Analysts predict that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.04 annualized dividend and a yield of 2.0%. Cigna Group's payout ratio is presently 32.97%.

Analyst Ratings Changes

Several research firms have recently commented on CI. Deutsche Bank Aktiengesellschaft set a $415.00 target price on Cigna Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Cigna Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. TD Cowen raised Cigna Group to a "strong-buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company reduced 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 report on Thursday, August 14th. Finally, Robert W. Baird set a $372.00 price objective on shares of Cigna Group in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $374.76.

Insiders Place Their Bets

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

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.