Curio Wealth LLC Purchases 383 Shares of Cigna Group $CI

Curio Wealth LLC increased its position in shares of Cigna Group (NYSE:CI) by 12,766.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 386 shares of the health services provider’s stock after acquiring an additional 383 shares during the period. Curio Wealth LLC’s holdings in Cigna Group were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sage Mountain Advisors LLC grew its position in shares of Cigna Group by 9.1% in the 2nd quarter. Sage Mountain Advisors LLC now owns 1,900 shares of the health services provider’s stock valued at $628,000 after buying an additional 159 shares during the last quarter. AlphaQuest LLC grew its position in shares of Cigna Group by 227.7% in the 2nd quarter. AlphaQuest LLC now owns 7,140 shares of the health services provider’s stock valued at $2,360,000 after buying an additional 4,961 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cigna Group in the 2nd quarter valued at about $309,000. R Squared Ltd bought a new stake in shares of Cigna Group in the 2nd quarter valued at about $363,000. Finally, AlTi Global Inc. grew its position in shares of Cigna Group by 4.2% in the 2nd quarter. AlTi Global Inc. now owns 962 shares of the health services provider’s stock valued at $304,000 after buying an additional 39 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CI. Barclays upped their price target on Cigna Group from $354.00 to $383.00 and gave the company an “overweight” rating in a research report on Thursday, September 4th. Guggenheim reissued a “buy” rating and issued a $350.00 price objective (down from $388.00) on shares of Cigna Group in a research note on Monday, August 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $365.00 price objective on shares of Cigna Group in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft set a $415.00 price objective on Cigna Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Wolfe Research dropped their price objective on Cigna Group from $345.00 to $325.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $369.89.

Cigna Group Stock Down 1.1%

CI stock opened at $301.84 on Friday. The stock’s 50 day simple moving average is $299.22 and its 200 day simple moving average is $307.66. Cigna Group has a fifty-two week low of $256.89 and a fifty-two week high of $350.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $80.57 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.89 and a beta of 0.45.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $62.61 billion. During the same period in the prior year, the business earned $6.72 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, research analysts expect that Cigna Group will post 29.77 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. Cigna Group’s dividend payout ratio is 32.97%.

Insider Buying and Selling

In other news, insider Brian C. Evanko sold 5,368 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 51,182 shares of the company’s stock, valued at $15,354,600. This represents a 9.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole S. Jones sold 28,526 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $300.00, for a total value of $8,557,800.00. Following the completion of the sale, the insider directly owned 25,648 shares of the company’s stock, valued at approximately $7,694,400. This trade represents a 52.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

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.