Valley Wealth Managers Inc. Grows Stake in Cigna Group $CI

Valley Wealth Managers Inc. boosted its holdings in shares of Cigna Group (NYSE:CI) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,690 shares of the health services provider’s stock after purchasing an additional 1,919 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Cigna Group were worth $17,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CI. Bailard Inc. boosted its position in shares of Cigna Group by 7.0% during the fourth quarter. Bailard Inc. now owns 5,835 shares of the health services provider’s stock worth $1,606,000 after acquiring an additional 383 shares during the last quarter. First National Advisers LLC purchased a new stake in Cigna Group in the 4th quarter worth $435,000. AG2R LA Mondiale Gestion D Actifs boosted its holdings in shares of Cigna Group by 6.2% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 11,153 shares of the health services provider’s stock valued at $3,070,000 after purchasing an additional 656 shares during the last quarter. 49 Wealth Management LLC grew its position in shares of Cigna Group by 10.4% during the fourth quarter. 49 Wealth Management LLC now owns 1,762 shares of the health services provider’s stock valued at $485,000 after purchasing an additional 166 shares in the last quarter. Finally, SVB Wealth LLC increased its holdings in shares of Cigna Group by 2.3% in the fourth quarter. SVB Wealth LLC now owns 6,497 shares of the health services provider’s stock worth $1,788,000 after purchasing an additional 144 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Insider Activity at Cigna Group

In related news, insider Everett Neville sold 1,719 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total transaction of $496,636.29. Following the sale, the insider owned 5,670 shares in the company, valued at approximately $1,638,119.70. This represents a 23.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole S. Jones sold 2,307 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $666,515.37. Following the completion of the sale, the insider owned 32,647 shares of the company’s stock, valued at approximately $9,432,044.77. This represents a 6.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 0.3%

Shares of NYSE:CI opened at $288.86 on Tuesday. The company has a market cap of $76.41 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.01 and a beta of 0.30. Cigna Group has a 12 month low of $239.51 and a 12 month high of $338.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $274.35 and a 200 day moving average price of $276.06.

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

Cigna Group Dividend Announcement

The business 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 dividend of $1.56 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.24 annualized dividend and a dividend yield of 2.2%. Cigna Group’s payout ratio is currently 26.45%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CI shares. TD Cowen increased their price target on Cigna Group from $333.00 to $338.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Cantor Fitzgerald lifted their price objective on Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays upped their price objective on Cigna Group from $303.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Leerink Partners raised their target price on shares of Cigna Group from $270.00 to $297.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Finally, Raymond James Financial set a $340.00 price target on shares of Cigna Group in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cigna Group has a consensus rating of “Moderate Buy” and an average price target of $338.35.

About Cigna Group

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.