Global Wealth Management Investment Advisory Inc. Buys 3,434 Shares of Cigna Group $CI

Global Wealth Management Investment Advisory Inc. lifted its position in Cigna Group (NYSE:CI) by 40.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,970 shares of the health services provider’s stock after acquiring an additional 3,434 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Cigna Group were worth $3,450,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Touchstone Capital Inc. bought a new stake in Cigna Group in the 3rd quarter worth about $368,000. Exencial Wealth Advisors LLC boosted its stake in shares of Cigna Group by 2.7% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 6,580 shares of the health services provider’s stock worth $1,897,000 after buying an additional 175 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its stake in shares of Cigna Group by 43.0% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 203 shares of the health services provider’s stock worth $59,000 after buying an additional 61 shares during the last quarter. PKO Investment Management Joint Stock Co grew its holdings in shares of Cigna Group by 10.9% in the third quarter. PKO Investment Management Joint Stock Co now owns 10,200 shares of the health services provider’s stock valued at $2,940,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Cigna Group by 10.9% during the third quarter. Harbor Investment Advisory LLC now owns 2,532 shares of the health services provider’s stock valued at $730,000 after acquiring an additional 248 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Cigna Group Price Performance

CI opened at $271.77 on Wednesday. The firm has a 50-day moving average price of $272.79 and a 200-day moving average price of $287.99. Cigna Group has a twelve month low of $239.51 and a twelve month high of $350.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $72.60 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.97 and a beta of 0.26.

Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 EPS for the quarter, topping the consensus estimate of $7.64 by $0.19. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. The company had revenue of $69.57 billion during the quarter, compared to the consensus estimate of $66.40 billion. During the same period last year, the firm earned $7.51 EPS. Cigna Group’s revenue for the quarter was up 9.5% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Equities analysts expect that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 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 2.2%. The ex-dividend date was Thursday, December 4th. Cigna Group’s payout ratio is presently 26.64%.

Insider Transactions at Cigna Group

In related news, CEO David Cordani bought 4,134 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $241.88 per share, for a total transaction of $999,931.92. Following the purchase, the chief executive officer directly owned 157,935 shares in the company, valued at $38,201,317.80. This trade represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CI shares. Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 28th. UBS Group set a $294.00 price target on shares of Cigna Group in a research report on Wednesday, November 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $355.00 price objective on shares of Cigna Group in a research report on Friday, October 31st. Cowen set a $333.00 target price on shares of Cigna Group in a research note on Monday, December 15th. Finally, Leerink Partners decreased their price target on shares of Cigna Group from $300.00 to $270.00 in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $330.48.

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.