Nordea Investment Management AB Sells 482,902 Shares of Cigna Group $CI

Nordea Investment Management AB reduced its stake in Cigna Group (NYSE:CI) by 24.9% in the 3rd quarter, Holdings Channel reports. The firm owned 1,458,222 shares of the health services provider’s stock after selling 482,902 shares during the period. Nordea Investment Management AB’s holdings in Cigna Group were worth $420,770,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wilsey Asset Management Inc. increased its position in Cigna Group by 2.9% during the second quarter. Wilsey Asset Management Inc. now owns 101,936 shares of the health services provider’s stock worth $33,698,000 after acquiring an additional 2,847 shares during the period. SCS Capital Management LLC raised its position in shares of Cigna Group by 39.1% during the second quarter. SCS Capital Management LLC now owns 30,633 shares of the health services provider’s stock valued at $10,127,000 after buying an additional 8,609 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Cigna Group by 3.9% in the second quarter. Retirement Systems of Alabama now owns 165,487 shares of the health services provider’s stock valued at $54,707,000 after buying an additional 6,155 shares during the period. Janney Montgomery Scott LLC grew its position in Cigna Group by 3.9% during the second quarter. Janney Montgomery Scott LLC now owns 35,943 shares of the health services provider’s stock worth $11,882,000 after buying an additional 1,357 shares in the last quarter. Finally, Natixis grew its position in Cigna Group by 69.5% during the second quarter. Natixis now owns 223,884 shares of the health services provider’s stock worth $74,012,000 after buying an additional 91,794 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CI. Guggenheim reiterated a “buy” rating and issued a $318.00 price objective on shares of Cigna Group in a research report on Tuesday, December 2nd. TD Cowen cut their target price on Cigna Group from $387.00 to $333.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Mizuho set a $325.00 target price on Cigna Group in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, November 4th. Finally, Zacks Research raised shares of Cigna Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and an average target price of $330.48.

Insider Buying and Selling

In related news, CEO David Cordani acquired 4,134 shares of the stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $241.88 per share, for a total transaction of $999,931.92. Following the transaction, the chief executive officer owned 157,935 shares of the company’s stock, valued at $38,201,317.80. The trade was a 2.69% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Cigna Group Stock Performance

NYSE:CI opened at $275.96 on Tuesday. The stock has a market capitalization of $73.72 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.26. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The firm has a 50 day moving average of $272.63 and a 200-day moving average of $288.38.

Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, October 30th. The health services provider reported $7.83 earnings per share for the quarter, beating analysts’ consensus estimates of $7.64 by $0.19. The firm had revenue of $69.57 billion during the quarter, compared to analysts’ expectations of $66.40 billion. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $7.51 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, sell-side analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $1.51 per share. The ex-dividend date was Thursday, December 4th. This represents a $6.04 annualized dividend and a yield of 2.2%. Cigna Group’s dividend payout ratio is 26.64%.

Cigna Group 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.