Pines Wealth Management LLC Purchases 255 Shares of Cigna Group $CI

by · The Markets Daily

Pines Wealth Management LLC lifted its position in shares of Cigna Group (NYSE:CIFree Report) by 27.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,200 shares of the health services provider’s stock after acquiring an additional 255 shares during the quarter. Pines Wealth Management LLC’s holdings in Cigna Group were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CI. Family Legacy Inc. grew its stake in shares of Cigna Group by 0.5% during the first quarter. Family Legacy Inc. now owns 6,497 shares of the health services provider’s stock worth $2,138,000 after purchasing an additional 31 shares during the period. Impact Investors Inc grew its stake in shares of Cigna Group by 1.6% during the first quarter. Impact Investors Inc now owns 1,975 shares of the health services provider’s stock worth $650,000 after purchasing an additional 31 shares during the period. Mission Wealth Management LP grew its stake in shares of Cigna Group by 1.5% during the first quarter. Mission Wealth Management LP now owns 2,101 shares of the health services provider’s stock worth $691,000 after purchasing an additional 32 shares during the period. Westend Capital Management LLC grew its stake in shares of Cigna Group by 8.1% during the first quarter. Westend Capital Management LLC now owns 427 shares of the health services provider’s stock worth $140,000 after purchasing an additional 32 shares during the period. Finally, Moody National Bank Trust Division grew its stake in shares of Cigna Group by 0.7% during the first quarter. Moody National Bank Trust Division now owns 4,587 shares of the health services provider’s stock worth $1,509,000 after purchasing an additional 34 shares during the period. Institutional investors own 86.99% of the company’s stock.

Insider Transactions at Cigna Group

In related news, insider Nicole S. Jones sold 28,526 shares of the company’s stock in a transaction dated 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 owned 25,648 shares in the company, valued at approximately $7,694,400. This represents a 52.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CI. Wall Street Zen raised Cigna Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $371.00 target price on shares of Cigna Group in a research note on Thursday, June 26th. Robert W. Baird set a $372.00 target price on Cigna Group in a research note on Thursday, August 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $365.00 target price on shares of Cigna Group in a research note on Tuesday, August 26th. Finally, Barclays boosted their target price on Cigna Group from $354.00 to $383.00 and gave the company an “overweight” rating in a research note on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cigna Group has an average rating of “Buy” and a consensus price target of $371.81.

Get Our Latest Report on CI

Cigna Group Stock Up 0.8%

CI stock opened at $296.70 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $79.20 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.86 and a beta of 0.48. The business has a 50-day moving average of $294.53 and a 200-day moving average of $311.79. Cigna Group has a fifty-two week low of $256.89 and a fifty-two week high of $362.25.

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

Cigna Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 4th. Cigna Group’s dividend payout ratio is presently 32.97%.

Cigna Group Company Profile

(Free Report)

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.

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