Outlook Wealth Advisors LLC Invests $711,000 in Cigna Group $CI

Outlook Wealth Advisors LLC bought a new position in shares of Cigna Group (NYSE:CI) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 2,583 shares of the health services provider’s stock, valued at approximately $711,000.

A number of other hedge funds also recently made changes to their positions in CI. Brighton Jones LLC raised its stake in shares of Cigna Group by 9.3% during the 4th quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock worth $1,032,000 after purchasing an additional 318 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Cigna Group by 10.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,160 shares of the health services provider’s stock worth $384,000 after purchasing an additional 109 shares during the period. NewEdge Advisors LLC raised its stake in shares of Cigna Group by 4.5% during the 2nd quarter. NewEdge Advisors LLC now owns 22,225 shares of the health services provider’s stock worth $7,347,000 after purchasing an additional 958 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Cigna Group by 16.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 148,840 shares of the health services provider’s stock worth $49,204,000 after purchasing an additional 21,173 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Cigna Group during the 2nd quarter worth $163,000. 86.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cigna Group

In other news, CEO David Cordani sold 201,878 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total transaction of $59,113,915.96. Following the sale, the chief executive officer directly owned 34,337 shares in the company, valued at $10,054,560.34. This represents a 85.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CI has been the topic of a number of recent analyst reports. Raymond James Financial set a $340.00 target price on Cigna Group in a research note on Friday, May 1st. Piper Sandler lowered their price objective on Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft cut Cigna Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $303.00 to $302.00 in a research note on Wednesday, May 20th. Mizuho boosted their price objective on Cigna Group from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Robert W. Baird set a $337.00 price objective on Cigna Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $338.80.

Cigna Group Trading Up 1.8%

Shares of Cigna Group stock opened at $294.77 on Wednesday. Cigna Group has a 52-week low of $239.51 and a 52-week high of $338.89. The stock’s 50-day simple moving average is $280.60 and its 200 day simple moving average is $277.57. The stock has a market capitalization of $77.97 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.12 and a beta of 0.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.73 and a current ratio of 0.73.

Cigna Group (NYSE:CI) last announced its quarterly earnings data on Thursday, April 30th. The health services provider reported $7.79 earnings per share (EPS) for the quarter, beating 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 business 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 business posted $6.74 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Cigna Group has set its FY 2026 guidance at 30.350- EPS. As a group, research analysts anticipate that Cigna Group will post 30.39 EPS for the current year.

Cigna Group Dividend Announcement

The business also recently declared 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 is Thursday, June 4th. This represents a $6.24 annualized dividend and a dividend yield of 2.1%. Cigna Group’s dividend payout ratio is currently 26.45%.

Cigna Group 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.