Northwestern Mutual Wealth Management Co. Raises Position in Cigna Group $CI

Northwestern Mutual Wealth Management Co. boosted its position in shares of Cigna Group (NYSE:CI) by 13,333.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,165,408 shares of the health services provider’s stock after buying an additional 3,141,844 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cigna Group were worth $900,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Financial Strategies CORP bought a new stake in Cigna Group during the 4th quarter valued at $28,000. Lodestone Wealth Management LLC bought a new stake in Cigna Group during the 4th quarter valued at $32,000. Collier Financial bought a new stake in Cigna Group during the 3rd quarter valued at $34,000. Activest Wealth Management raised its holdings in Cigna Group by 1,050.0% during the 4th quarter. Activest Wealth Management now owns 138 shares of the health services provider’s stock valued at $38,000 after buying an additional 126 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in Cigna Group by 116.4% during the 4th quarter. True Wealth Design LLC now owns 158 shares of the health services provider’s stock valued at $43,000 after buying an additional 85 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Insider Transactions at Cigna Group

In related news, insider Nicole S. Jones sold 2,307 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $666,515.37. Following the sale, the insider directly owned 32,647 shares of the company’s stock, valued at approximately $9,432,044.77. This represents a 6.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Everett Neville sold 1,719 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $496,636.29. Following the sale, the insider directly owned 5,670 shares in the company, valued at $1,638,119.70. This trade represents a 23.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 205,904 shares of company stock valued at $60,277,068 in the last three months. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Robert W. Baird set a $337.00 price target on shares of Cigna Group in a report on Friday, May 1st. Mizuho set a $330.00 price target on shares of Cigna Group in a report on Friday, May 1st. Barclays upped their price target on shares of Cigna Group from $303.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Jefferies Financial Group lowered their price target on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Truist Financial upped their price objective on shares of Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $338.35.

Cigna Group Stock Down 3.3%

Shares of NYSE CI opened at $285.25 on Friday. The firm has a fifty day simple moving average of $274.95 and a two-hundred day simple moving average of $275.97. The firm has a market capitalization of $75.46 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.03 and a beta of 0.30. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. Cigna Group has a 12 month low of $239.51 and a 12 month high of $338.89.

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

Cigna Group Dividend Announcement

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

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.