Northwestern Mutual Wealth Management Co. Purchases 6,125 Shares of Cigna Group $CI

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Cigna Group by 27.7% in Q1, owning 28,224 shares valued at approximately $9.29 million.
• Cigna Group reported $7.20 EPS for the last quarter, exceeding expectations, with revenue of $67.13 billion, reflecting an 11% increase year-over-year.
• The company's quarterly dividend of $1.51 will be paid on September 18, indicating a 2.0% dividend yield and a payout ratio of approximately 33%.

Northwestern Mutual Wealth Management Co. boosted its position in shares of Cigna Group (NYSE:CI - Free Report) by 27.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,224 shares of the health services provider's stock after purchasing an additional 6,125 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Cigna Group were worth $9,286,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Cigna Group by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,056,806 shares of the health services provider's stock valued at $3,966,690,000 after purchasing an additional 1,094,327 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Cigna Group by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 11,654,993 shares of the health services provider's stock valued at $3,834,493,000 after purchasing an additional 98,715 shares during the last quarter. GQG Partners LLC grew its holdings in Cigna Group by 21.5% during the 1st quarter. GQG Partners LLC now owns 4,886,674 shares of the health services provider's stock valued at $1,607,716,000 after purchasing an additional 865,092 shares during the last quarter. Northern Trust Corp grew its holdings in Cigna Group by 11.7% during the 4th quarter. Northern Trust Corp now owns 3,140,201 shares of the health services provider's stock valued at $867,135,000 after purchasing an additional 328,320 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cigna Group by 15.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,592 shares of the health services provider's stock valued at $689,133,000 after purchasing an additional 326,633 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Stock Up 0.8%

Shares of CI traded up $2.39 during mid-day trading on Friday, hitting $301.39. The company's stock had a trading volume of 1,588,821 shares, compared to its average volume of 1,894,241. The company's 50-day moving average is $299.56 and its 200-day moving average is $311.85. Cigna Group has a 52-week low of $256.89 and a 52-week high of $370.83. The firm has a market capitalization of $80.45 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 0.88 and a beta of 0.47. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping the consensus estimate of $7.15 by $0.05. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The firm had revenue of $67.13 billion during the quarter, compared to analysts' expectations of $62.61 billion. During the same quarter in the prior year, the company earned $6.72 EPS. The company's revenue was up 11.0% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, equities research analysts forecast that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on CI shares. Robert W. Baird set a $372.00 price target on shares of Cigna Group in a report on Thursday, August 14th. Guggenheim reissued a "buy" rating and issued a $350.00 price objective (down from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Piper Sandler boosted their price objective on shares of Cigna Group from $348.00 to $374.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Barclays lowered their price objective on shares of Cigna Group from $385.00 to $354.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. 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 equities research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $374.82.

Insider Buying and Selling at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were 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 of the company's stock, valued at approximately $7,694,400. This represents a 52.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

About Cigna Group

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.