Cigna Group $CI Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its holdings in Cigna Group (NYSE:CI) by 88.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,961 shares of the health services provider’s stock after buying an additional 1,855 shares during the period. Diversify Wealth Management LLC’s holdings in Cigna Group were worth $1,158,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. apricus wealth LLC raised its stake in shares of Cigna Group by 715.9% during the fourth quarter. apricus wealth LLC now owns 9,505 shares of the health services provider’s stock valued at $2,616,000 after purchasing an additional 8,340 shares during the period. Danske Bank A S purchased a new position in shares of Cigna Group during the 3rd quarter valued at approximately $51,862,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Cigna Group during the third quarter worth approximately $10,617,000. Tcfg Wealth Management LLC increased its stake in shares of Cigna Group by 1,262.9% in the third quarter. Tcfg Wealth Management LLC now owns 10,699 shares of the health services provider’s stock worth $3,084,000 after buying an additional 9,914 shares during the last quarter. Finally, Wilsey Asset Management Inc. raised its holdings in Cigna Group by 5.1% in the fourth quarter. Wilsey Asset Management Inc. now owns 110,801 shares of the health services provider’s stock valued at $30,496,000 after acquiring an additional 5,327 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CI shares. Cantor Fitzgerald upped their price target on Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada boosted their price objective on Cigna Group from $333.00 to $337.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft downgraded Cigna Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $303.00 to $302.00 in a research note on Wednesday, May 20th. Robert W. Baird set a $337.00 target price on Cigna Group in a research report on Friday, May 1st. Finally, Guggenheim boosted their price objective on Cigna Group from $334.00 to $338.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Cigna Group presently has an average rating of “Moderate Buy” and a consensus target price of $338.80.

Cigna Group Stock Down 1.8%

Shares of Cigna Group stock opened at $297.97 on Thursday. Cigna Group has a 12-month low of $239.51 and a 12-month high of $315.47. The firm has a market capitalization of $78.82 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $286.82 and its 200-day moving average is $280.34.

Cigna Group (NYSE:CI) last released 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. The business had revenue of $68.52 billion during the quarter, compared to analyst estimates of $66.29 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.Cigna Group’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $6.74 EPS. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Equities analysts anticipate that Cigna Group will post 30.39 earnings per share for the current year.

Cigna Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, June 4th. Cigna Group’s dividend payout ratio is presently 26.45%.

Insider Activity

In related news, CEO David Cordani sold 201,878 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the completion of the sale, the chief executive officer directly owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This represents a 85.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $298.61, for a total value of $268,450.39. Following the completion of the sale, the chief accounting officer directly owned 2,368 shares in the company, valued at $707,108.48. This trade represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

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.