Danica Pension Livsforsikringsaktieselskab Purchases Shares of 27,610 Cigna Group $CI

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

Several other hedge funds have also modified their holdings of CI. Assetmark Inc. lifted its position in Cigna Group by 10.0% during the first quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock valued at $17,515,000 after buying an additional 5,963 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Cigna Group by 41.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,348,713 shares of the health services provider’s stock worth $371,206,000 after acquiring an additional 392,978 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Cigna Group by 12.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 82,825 shares of the health services provider’s stock valued at $22,833,000 after acquiring an additional 8,960 shares during the period. TD Asset Management Inc raised its stake in shares of Cigna Group by 4.8% in the 2nd quarter. TD Asset Management Inc now owns 249,966 shares of the health services provider’s stock valued at $68,911,000 after acquiring an additional 11,471 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Cigna Group by 402.7% during the 2nd quarter. HighTower Advisors LLC now owns 354,398 shares of the health services provider’s stock valued at $97,701,000 after acquiring an additional 283,897 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CI. Cantor Fitzgerald upped their price target on shares of Cigna Group from $325.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Jefferies Financial Group cut Cigna Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $336.00 to $307.00 in a research note on Tuesday, August 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Cigna Group in a research report on Tuesday, June 16th. Guggenheim increased their target price on Cigna Group from $338.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Raymond James Financial lowered Cigna Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $350.00 to $320.00 in a research report on Monday, August 3rd. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $339.45.

Insider Activity at Cigna Group

In other Cigna Group news, CAO Jamie G. Kates sold 899 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $298.61, for a total value of $268,450.39. Following the transaction, the chief accounting officer directly owned 2,368 shares of the company’s stock, valued at $707,108.48. This represents a 27.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicole S. Jones sold 19,436 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $276.27, for a total value of $5,369,583.72. Following the transaction, the insider owned 27,256 shares of the company’s stock, valued at approximately $7,530,015.12. This trade represents a 41.63% decrease in their ownership of the stock. 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 insiders.

Cigna Group Stock Performance

Shares of CI stock opened at $278.95 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.76 and a quick ratio of 0.76. The company’s fifty day moving average price is $285.41 and its two-hundred day moving average price is $281.36. The firm has a market capitalization of $73.71 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.97 and a beta of 0.29. Cigna Group has a 12 month low of $239.51 and a 12 month high of $315.47.

Cigna Group (NYSE:CI) last announced its earnings results on Thursday, July 30th. The health services provider reported $7.78 earnings per share for the quarter, beating the consensus estimate of $7.60 by $0.18. Cigna Group had a return on equity of 19.75% and a net margin of 2.27%.The company had revenue of $70.04 billion during the quarter, compared to the consensus estimate of $70.14 billion. During the same period last year, the firm earned $7.20 earnings per share. 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. On average, research analysts anticipate that Cigna Group will post 30.51 earnings per share for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be paid 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 25.82%.

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.