Cigna Group $CI Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Cigna Group by 5.2% in Q1, with a total of 47,504 shares valued at approximately $15.6 million.
• Analysts have varied views on Cigna Group, with Morgan Stanley raising their target price to $390 and a consensus average target of $378.33, assigning a "Moderate Buy" rating overall.
• Cigna Group recently reported a quarterly earnings per share of $7.20, surpassing estimates, along with a strong revenue of $67.13 billion for the quarter, reflecting a year-over-year increase of 11%.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Cigna Group (NYSE:CI - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,504 shares of the health services provider's stock after selling 2,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Cigna Group were worth $15,629,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC increased its stake in Cigna Group by 58.6% during the first quarter. Evermay Wealth Management LLC now owns 111 shares of the health services provider's stock valued at $37,000 after purchasing an additional 41 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in Cigna Group during the first quarter valued at $38,000. Wayfinding Financial LLC acquired a new position in shares of Cigna Group during the first quarter valued at $40,000. Putney Financial Group LLC acquired a new position in shares of Cigna Group during the fourth quarter valued at $36,000. Finally, Transce3nd LLC acquired a new position in shares of Cigna Group during the fourth quarter valued at $38,000. Institutional investors own 86.99% of the company's stock.

Insiders Place Their Bets

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $300.00, for a total value of $8,557,800.00. Following the completion of the sale, the insider directly owned 25,648 shares of the company's stock, valued at approximately $7,694,400. This represents a 52.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

Cigna Group Price Performance

CI stock traded up $2.38 during trading on Wednesday, hitting $304.49. The company had a trading volume of 1,588,095 shares, compared to its average volume of 2,160,665. The firm has a market capitalization of $81.28 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.88 and a beta of 0.47. The business has a 50 day moving average of $301.44 and a 200 day moving average of $311.25. Cigna Group has a fifty-two week low of $256.89 and a fifty-two week high of $370.83. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 earnings per share for the quarter, topping the consensus estimate of $7.15 by $0.05. The business had revenue of $67.13 billion during the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a net margin of 1.92% and a return on equity of 18.80%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, research analysts predict that Cigna Group will post 29.77 earnings per share for the current year.

Cigna Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 4th. Cigna Group's dividend payout ratio is presently 32.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CI shares. Robert W. Baird set a $372.00 price target on shares of Cigna Group in a report on Thursday, August 14th. Truist Financial boosted their price target on shares of Cigna Group from $385.00 to $405.00 and gave the company a "buy" rating in a report on Monday, May 12th. Cowen reissued a "buy" rating on shares of Cigna Group in a report on Monday, May 5th. Morgan Stanley boosted their price target on shares of Cigna Group from $379.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $371.00 price target on shares of Cigna Group in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $378.33.

About Cigna Group

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.