Global Wealth Management Investment Advisory Inc. Has $3.45 Million Position in Cigna Group $CI

Global Wealth Management Investment Advisory Inc. raised its stake in Cigna Group (NYSE:CI) by 40.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,970 shares of the health services provider’s stock after buying an additional 3,434 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Cigna Group were worth $3,450,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Pathway Financial Advisers LLC lifted its stake in shares of Cigna Group by 2.3% in the second quarter. Pathway Financial Advisers LLC now owns 1,501 shares of the health services provider’s stock worth $496,000 after acquiring an additional 34 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Cigna Group by 17.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 226 shares of the health services provider’s stock worth $65,000 after purchasing an additional 34 shares during the last quarter. HM Payson & Co. lifted its position in shares of Cigna Group by 0.9% in the 3rd quarter. HM Payson & Co. now owns 3,785 shares of the health services provider’s stock worth $1,091,000 after purchasing an additional 35 shares during the period. Carr Financial Group Corp boosted its stake in shares of Cigna Group by 5.3% in the 3rd quarter. Carr Financial Group Corp now owns 709 shares of the health services provider’s stock valued at $204,000 after purchasing an additional 36 shares during the last quarter. Finally, Natural Investments LLC increased its position in shares of Cigna Group by 2.0% during the third quarter. Natural Investments LLC now owns 1,843 shares of the health services provider’s stock worth $531,000 after buying an additional 36 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO David Cordani purchased 4,134 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $241.88 per share, for a total transaction of $999,931.92. Following the purchase, the chief executive officer owned 157,935 shares of the company’s stock, valued at approximately $38,201,317.80. This trade represents a 2.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CI shares. Cantor Fitzgerald dropped their target price on shares of Cigna Group from $365.00 to $325.00 in a report on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and issued a $355.00 price objective on shares of Cigna Group in a research report on Friday, October 31st. UBS Group set a $294.00 target price on Cigna Group in a research report on Wednesday, November 12th. TD Cowen decreased their target price on Cigna Group from $387.00 to $333.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $307.00 price target on shares of Cigna Group in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $330.48.

Cigna Group Trading Down 1.5%

NYSE CI opened at $271.77 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. Cigna Group has a 52 week low of $239.51 and a 52 week high of $350.00. The business has a 50 day moving average price of $272.79 and a 200-day moving average price of $287.99. The company has a market cap of $72.60 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 0.97 and a beta of 0.26.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, October 30th. The health services provider reported $7.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.64 by $0.19. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. The business had revenue of $69.57 billion during the quarter, compared to the consensus estimate of $66.40 billion. During the same quarter last year, the firm posted $7.51 EPS. Cigna Group’s revenue was up 9.5% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, December 4th. Cigna Group’s dividend payout ratio is currently 26.64%.

Cigna Group Company Profile

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.