Cigna Group $CI Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its holdings in Cigna Group (NYSE:CI) by 30.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,607 shares of the health services provider’s stock after selling 8,617 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cigna Group were worth $6,482,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Flaharty Asset Management LLC purchased a new stake in shares of Cigna Group during the 1st quarter worth $28,000. 1248 Management LLC acquired a new stake in shares of Cigna Group in the first quarter valued at about $29,000. Solstein Capital LLC purchased a new stake in Cigna Group during the second quarter worth about $29,000. Activest Wealth Management grew its position in Cigna Group by 360.0% during the first quarter. Activest Wealth Management now owns 92 shares of the health services provider’s stock worth $30,000 after buying an additional 72 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in Cigna Group in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

CI has been the topic of several research analyst reports. Leerink Partners decreased their price target on Cigna Group from $300.00 to $270.00 in a research note on Friday, October 31st. Sanford C. Bernstein reduced their price objective on Cigna Group from $346.00 to $294.00 and set a “market perform” rating for the company in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their target price on Cigna Group from $415.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Wolfe Research dropped their price target on Cigna Group from $345.00 to $325.00 and set an “outperform” rating for the company in a research report on Wednesday, October 15th. Finally, Cowen reaffirmed a “buy” rating on shares of Cigna Group in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

Cigna Group Stock Performance

NYSE CI opened at $274.12 on Wednesday. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $350.00. The stock has a market cap of $73.23 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.99 and a beta of 0.26. The business has a fifty day moving average of $284.37 and a 200-day moving average of $296.69. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.74.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 EPS for the quarter, beating analysts’ consensus estimates of $7.64 by $0.19. The business had revenue of $69.57 billion for the quarter, compared to analyst estimates of $66.40 billion. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $7.51 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, analysts predict 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. Stockholders of record on Thursday, December 4th will be issued a dividend of $1.51 per share. The ex-dividend date is Thursday, December 4th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 2.2%. Cigna Group’s payout ratio is 26.64%.

Insider Buying and Selling

In other Cigna Group news, insider Brian C. Evanko sold 5,368 shares of Cigna Group stock in a transaction that occurred on Friday, October 3rd. The shares were 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 approximately $15,354,600. The trade was a 9.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Cordani purchased 4,134 shares of Cigna Group stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $241.88 per share, for a total transaction of $999,931.92. Following the purchase, the chief executive officer owned 157,935 shares in the company, valued at approximately $38,201,317.80. This trade represents a 2.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.70% of the company’s stock.

Cigna Group 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.