Danica Pension Livsforsikringsaktieselskab Purchases New Shares in Cigna Group $CI

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Cigna Group (NYSE:CI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,610 shares of the health services provider's stock, valued at approximately $7,612,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Evercore Wealth Management LLC boosted its stake in shares of Cigna Group by 2.8% during the first quarter. Evercore Wealth Management LLC now owns 1,301 shares of the health services provider's stock worth $347,000 after buying an additional 35 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in Cigna Group by 11.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 363 shares of the health services provider's stock valued at $100,000 after acquiring an additional 36 shares during the period. OLD National Bancorp IN increased its position in Cigna Group by 3.7% in the 4th quarter. OLD National Bancorp IN now owns 1,031 shares of the health services provider's stock valued at $284,000 after acquiring an additional 37 shares during the period. IHT Wealth Management LLC raised its stake in Cigna Group by 2.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,535 shares of the health services provider's stock valued at $423,000 after acquiring an additional 38 shares during the last quarter. Finally, Whetstone Capital Advisors LLC lifted its position in Cigna Group by 4.9% during the 4th quarter. Whetstone Capital Advisors LLC now owns 829 shares of the health services provider's stock worth $228,000 after acquiring an additional 39 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Piper Sandler dropped their target price on Cigna Group from $370.00 to $346.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group downgraded Cigna Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $336.00 to $307.00 in a report on Tuesday, August 4th. Barclays lifted their price objective on shares of Cigna Group from $304.00 to $310.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. Cantor Fitzgerald increased their target price on Cigna Group from $325.00 to $340.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Cigna Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $303.00 to $302.00 in a report on Wednesday, May 20th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $339.45.

Cigna Group Stock Performance

NYSE:CI opened at $278.95 on Wednesday. The firm has a 50-day moving average price of $285.41 and a two-hundred day moving average price of $281.36. The company has a market capitalization of $73.71 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.97 and a beta of 0.29. Cigna Group has a twelve month low of $239.51 and a twelve month high of $315.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.

Cigna Group (NYSE:CI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, topping analysts' consensus estimates of $7.60 by $0.18. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The business had revenue of $70.04 billion during the quarter, compared to analysts' expectations of $70.14 billion. During the same period last year, the company posted $7.20 EPS. The company's revenue was up 6.7% on a year-over-year basis. Cigna Group has set its FY 2026 guidance at 30.450- EPS. As a group, research analysts expect that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 8th. Cigna Group's dividend payout ratio (DPR) is currently 25.82%.

Insider Transactions at Cigna Group

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $298.61, for a total transaction of $268,450.39. Following the sale, the chief accounting officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole S. Jones sold 19,436 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the completion of the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently 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.

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