AMF Tjanstepension AB Reduces Stake in Cigna Group $CI

AMF Tjanstepension AB reduced its stake in shares of Cigna Group (NYSE:CI) by 5.6% during the first quarter, Holdings Channel reports. The firm owned 166,085 shares of the health services provider’s stock after selling 9,889 shares during the quarter. AMF Tjanstepension AB’s holdings in Cigna Group were worth $44,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CI. Wilkerson Advisory Group LLC bought a new position in shares of Cigna Group during the fourth quarter valued at approximately $25,000. Beacon Financial Strategies CORP purchased a new stake in shares of Cigna Group in the 4th quarter worth approximately $28,000. Cedar Mountain Advisors LLC increased its position in Cigna Group by 161.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 110 shares of the health services provider’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Cigna Group in the fourth quarter worth $29,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Cigna Group in the fourth quarter worth $29,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO David Cordani sold 201,878 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $292.82, for a total value of $59,113,915.96. Following the sale, the chief executive officer owned 34,337 shares in the company, valued at approximately $10,054,560.34. The trade was a 85.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jamie G. Kates sold 899 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CI shares. Jefferies Financial Group dropped their target price on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Wall Street Zen raised Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Raymond James Financial set a $340.00 price objective on Cigna Group in a research report on Friday, May 1st. Piper Sandler dropped their target price on shares of Cigna Group from $370.00 to $346.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, Morgan Stanley increased their price target on Cigna Group from $355.00 to $361.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $338.80.

Cigna Group Stock Down 0.0%

CI stock opened at $293.36 on Monday. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47. The stock has a market cap of $77.60 billion, a P/E ratio of 12.44, a PEG ratio of 1.13 and a beta of 0.29. The business’s 50-day moving average price is $285.67 and its 200-day moving average price is $279.76. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69.

Cigna Group (NYSE:CI) last posted its quarterly 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 net margin of 2.26% and a return on equity of 19.75%. The business had revenue of $68.52 billion during the quarter, compared to analyst estimates of $66.29 billion. During the same period in the prior year, the business posted $6.74 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.350- EPS. On average, equities research analysts forecast that Cigna Group will post 30.39 EPS for the current year.

Cigna Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, June 4th. Cigna Group’s payout ratio is 26.45%.

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.