NewEdge Wealth LLC Has $2.15 Million Stock Holdings in Cigna Group $CI

NewEdge Wealth LLC boosted its stake in Cigna Group (NYSE:CI) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,815 shares of the health services provider’s stock after purchasing an additional 1,820 shares during the quarter. NewEdge Wealth LLC’s holdings in Cigna Group were worth $2,151,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Financial Strategies CORP acquired a new stake in Cigna Group in the fourth quarter valued at approximately $28,000. Lodestone Wealth Management LLC acquired a new stake in Cigna Group in the fourth quarter valued at approximately $32,000. Collier Financial acquired a new stake in Cigna Group in the third quarter valued at approximately $34,000. Activest Wealth Management grew its holdings in shares of Cigna Group by 1,050.0% during the fourth 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 grew its holdings in shares of Cigna Group by 116.4% during the fourth 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. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CI shares. Guggenheim lifted their price objective on shares of Cigna Group from $334.00 to $338.00 and gave the company a “buy” rating in a report on Monday, May 4th. The Goldman Sachs Group lifted their price objective on shares of Cigna Group from $335.00 to $340.00 and gave the company a “buy” rating in a report on Monday, May 4th. Mizuho set a $330.00 price objective on shares of Cigna Group in a report on Friday, May 1st. Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Cantor Fitzgerald lifted their target price on Cigna Group from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Cigna Group has an average rating of “Moderate Buy” and an average price target of $338.35.

Cigna Group Stock Up 3.2%

CI opened at $298.44 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50-day moving average is $274.53 and its 200 day moving average is $275.99. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $338.89. The firm has a market capitalization of $78.95 billion, a P/E ratio of 12.65, a PEG ratio of 1.01 and a beta of 0.30.

Cigna Group (NYSE:CI) last announced 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. Cigna Group had a return on equity of 19.75% and a net margin of 2.26%.The firm had revenue of $68.52 billion for the quarter, compared to the consensus estimate of $66.29 billion. During the same quarter in the previous year, the business earned $6.74 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. Research analysts expect that Cigna Group will post 30.39 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, June 4th. Cigna Group’s dividend payout ratio (DPR) is 26.45%.

Insiders Place Their Bets

In related news, insider Nicole S. Jones sold 2,307 shares of Cigna Group stock in a transaction on Monday, March 2nd. The stock was 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 in the company, valued at approximately $9,432,044.77. This trade represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Everett Neville sold 1,719 shares of Cigna Group stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $496,636.29. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

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.