Signal Advisors Wealth LLC Has $1.82 Million Stock Position in Cigna Group $CI

Key Points

• Signal Advisors Wealth LLC increased its stake in Cigna Group by 200.7% to hold 5,493 shares valued at $1.82 million at the end of the second quarter.
• A number of analysts have rated Cigna Group with an average rating of "Buy" and a consensus target price of $371.81, with notable price targets set by Deutsche Bank and Guggenheim.
• Cigna Group declared a quarterly dividend of $1.51 per share, providing a dividend yield of 2.1%, while also announcing strong earnings results with revenue growing 11% year-over-year.

Signal Advisors Wealth LLC increased its position in Cigna Group (NYSE:CI - Free Report) by 200.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,493 shares of the health services provider's stock after acquiring an additional 3,666 shares during the period. Signal Advisors Wealth LLC's holdings in Cigna Group were worth $1,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CI. Family Legacy Inc. raised its holdings in shares of Cigna Group by 0.5% during the first quarter. Family Legacy Inc. now owns 6,497 shares of the health services provider's stock valued at $2,138,000 after buying an additional 31 shares during the last quarter. Impact Investors Inc increased its position in Cigna Group by 1.6% in the 1st quarter. Impact Investors Inc now owns 1,975 shares of the health services provider's stock valued at $650,000 after acquiring an additional 31 shares during the period. Mission Wealth Management LP increased its position in Cigna Group by 1.5% in the 1st quarter. Mission Wealth Management LP now owns 2,101 shares of the health services provider's stock valued at $691,000 after acquiring an additional 32 shares during the period. Westend Capital Management LLC boosted its position in Cigna Group by 8.1% during the 1st quarter. Westend Capital Management LLC now owns 427 shares of the health services provider's stock worth $140,000 after acquiring an additional 32 shares during the period. Finally, Moody National Bank Trust Division grew its stake in shares of Cigna Group by 0.7% in the first quarter. Moody National Bank Trust Division now owns 4,587 shares of the health services provider's stock worth $1,509,000 after purchasing an additional 34 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 value of $8,557,800.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

Cigna Group Trading Down 0.5%

NYSE CI traded down $1.40 on Monday, hitting $288.97. 1,340,078 shares of the company were exchanged, compared to its average volume of 1,401,087. The company's 50 day moving average price is $293.71 and its 200-day moving average price is $311.30. 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 $77.13 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 0.85 and a beta of 0.48. Cigna Group has a twelve month low of $256.89 and a twelve month high of $358.88.

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 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%. The company's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $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 fiscal year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid 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 was Thursday, September 4th. Cigna Group's dividend payout ratio is 32.97%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CI. Robert W. Baird set a $372.00 price objective on shares of Cigna Group in a research note on Thursday, August 14th. Truist Financial set a $375.00 price target on shares of Cigna Group in a research report on Tuesday, September 2nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $371.00 price objective on shares of Cigna Group in a report on Thursday, June 26th. TD Cowen raised Cigna Group to a "strong-buy" rating in a report on Monday, June 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $365.00 target price on shares of Cigna Group in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $371.81.

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.