Cigna Group $CI Shares Bought by Clearstead Advisors LLC

Clearstead Advisors LLC grew its holdings in shares of Cigna Group (NYSE:CI) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,051 shares of the health services provider’s stock after buying an additional 2,209 shares during the quarter. Clearstead Advisors LLC’s holdings in Cigna Group were worth $2,491,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Beacon Financial Strategies CORP acquired a new stake in shares of Cigna Group during the fourth quarter worth approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in shares of Cigna Group during the fourth quarter worth approximately $32,000. Collier Financial acquired a new stake in shares of Cigna Group during the third quarter worth approximately $34,000. Creative Financial Designs Inc. ADV grew its position in shares of Cigna Group by 147.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 136 shares of the health services provider’s stock worth $37,000 after buying an additional 81 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of Cigna Group by 1,050.0% during the fourth quarter. Activest Wealth Management now owns 138 shares of the health services provider’s stock worth $38,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Activity at Cigna Group

In related news, insider Nicole S. Jones sold 2,307 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total transaction of $666,515.37. Following the completion of the transaction, the insider owned 32,647 shares in the company, valued at $9,432,044.77. The trade was a 6.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Cordani sold 201,878 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total value of $59,113,915.96. Following the transaction, the chief executive officer owned 34,337 shares of the company’s stock, valued at $10,054,560.34. This represents a 85.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 205,904 shares of company stock worth $60,277,068 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Raymond James Financial set a $340.00 price target on shares of Cigna Group in a research report on Friday, May 1st. The Goldman Sachs Group raised their price target on shares of Cigna Group from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Cigna Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft downgraded Cigna Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $303.00 to $302.00 in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein boosted their price target on Cigna Group from $358.00 to $371.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Cigna Group currently has an average rating of “Moderate Buy” and a consensus price target of $339.50.

Cigna Group Price Performance

Shares of NYSE CI opened at $281.23 on Wednesday. Cigna Group has a twelve month low of $239.51 and a twelve month high of $338.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $74.39 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.30. The business has a 50 day simple moving average of $277.30 and a 200-day simple moving average of $276.52.

Cigna Group (NYSE:CI) last issued its quarterly earnings results on Thursday, April 30th. The health services provider reported $7.79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.60 by $0.19. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The business had revenue of $68.52 billion during the quarter, compared to the consensus estimate of $66.29 billion. During the same period in the previous year, the business earned $6.74 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, equities research analysts expect that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $1.56 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. Cigna Group’s payout ratio is currently 26.45%.

About Cigna Group

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.