Gateway Wealth Partners LLC Cuts Position in Cigna Group $CI

Gateway Wealth Partners LLC lowered its holdings in Cigna Group (NYSE:CI) by 57.7% in the second quarter, Holdings Channel.com reports. The fund owned 1,383 shares of the health services provider’s stock after selling 1,887 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Cigna Group were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CI. Wilkerson Advisory Group LLC purchased a new position in shares of Cigna Group in the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC lifted its stake in shares of Cigna Group by 161.9% in the first quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 68 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Cigna Group during the fourth quarter worth about $29,000. Prosperity Bancshares Inc purchased a new stake in Cigna Group during the fourth quarter worth about $29,000. Finally, Creative Financial Designs Inc. ADV grew its position in Cigna Group by 147.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 136 shares of the health services provider’s stock worth $37,000 after buying an additional 81 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Cigna Group Trading Up 1.5%

Shares of CI opened at $282.24 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. Cigna Group has a 1-year low of $239.51 and a 1-year high of $315.47. The stock has a market cap of $74.58 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29. The firm has a 50 day simple moving average of $286.02 and a 200-day simple moving average of $281.28.

Cigna Group (NYSE:CI) last posted its earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.60 by $0.18. The firm had revenue of $70.04 billion for the quarter, compared to analyst estimates of $70.14 billion. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.Cigna Group’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.20 EPS. Cigna Group has set its FY 2026 guidance at 30.450- EPS. Equities analysts forecast that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Cigna Group’s payout ratio is 25.82%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CI. Deutsche Bank Aktiengesellschaft cut shares of Cigna Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $303.00 to $302.00 in a report on Wednesday, May 20th. Cantor Fitzgerald upped their price target on Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays raised their price objective on Cigna Group from $304.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on Cigna Group from $305.00 to $307.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Robert W. Baird set a $362.00 target price on Cigna Group in a research report on Friday, July 31st. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $339.45.

Insider Buying and Selling at Cigna Group

In related news, CAO Jamie G. Kates sold 899 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $298.61, for a total transaction of $268,450.39. Following the sale, the chief accounting officer owned 2,368 shares of the company’s stock, valued at $707,108.48. This trade represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole S. Jones sold 19,436 shares of Cigna Group stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total value of $5,369,583.72. Following the sale, the insider owned 27,256 shares of the company’s stock, valued at approximately $7,530,015.12. This represents a 41.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

Cigna Group Company 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.