IFP Advisors Inc Acquires 181 Shares of Cigna Group $CI

IFP Advisors Inc boosted its holdings in Cigna Group (NYSE:CI) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,066 shares of the health services provider’s stock after buying an additional 181 shares during the quarter. IFP Advisors Inc’s holdings in Cigna Group were worth $3,339,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CI. Family Legacy Inc. increased its position in Cigna Group by 0.5% during the 1st quarter. Family Legacy Inc. now owns 6,497 shares of the health services provider’s stock valued at $2,138,000 after purchasing an additional 31 shares during the period. Impact Investors Inc increased its position in Cigna Group by 1.6% during the 1st quarter. Impact Investors Inc now owns 1,975 shares of the health services provider’s stock valued at $650,000 after purchasing an additional 31 shares during the period. Mission Wealth Management LP increased its position in Cigna Group by 1.5% during the 1st quarter. Mission Wealth Management LP now owns 2,101 shares of the health services provider’s stock valued at $691,000 after purchasing an additional 32 shares during the period. Westend Capital Management LLC increased 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 valued at $140,000 after purchasing an additional 32 shares during the period. Finally, Financial Network Wealth Advisors LLC increased its position in Cigna Group by 26.8% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 161 shares of the health services provider’s stock valued at $53,000 after purchasing an additional 34 shares during the period. Institutional investors own 86.99% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction on Friday, August 15th. The stock was sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the sale, the insider directly owned 25,648 shares in the company, valued at $7,694,400. The trade was a 52.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian C. Evanko sold 5,368 shares of Cigna Group stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $300.00, for a total value of $1,610,400.00. Following the sale, the insider owned 51,182 shares in the company, valued at $15,354,600. The trade was a 9.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Cigna Group in a research report on Wednesday. Robert W. Baird set a $372.00 target price on shares of Cigna Group in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of Cigna Group from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company raised their price objective on shares of Cigna Group from $340.00 to $354.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Truist Financial set a $375.00 price objective on shares of Cigna Group in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Cigna Group has a consensus rating of “Moderate Buy” and a consensus price target of $372.69.

Cigna Group Price Performance

Shares of CI opened at $301.00 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average is $294.68 and its 200 day moving average is $309.31. Cigna Group has a 12-month low of $256.89 and a 12-month high of $358.88. The stock has a market cap of $80.35 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.90 and a beta of 0.45.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.15 by $0.05. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The business had revenue of $67.13 billion for the quarter, compared to analysts’ expectations of $62.61 billion. During the same period last year, the business earned $6.72 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts anticipate that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, September 4th. Cigna Group’s payout ratio is presently 32.97%.

Cigna Group Company Profile

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.