PensionDanmark Pensionsforsikringsaktieselskab Increases Stake in Cigna Group $CI

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in Cigna Group (NYSE:CI) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,261 shares of the health services provider’s stock after buying an additional 7,644 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cigna Group were worth $22,678,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CI. Assetmark Inc. grew its position in shares of Cigna Group by 10.0% in the 1st quarter. Assetmark Inc. now owns 65,662 shares of the health services provider’s stock worth $17,515,000 after buying an additional 5,963 shares during the period. OFI Invest Asset Management increased its stake in shares of Cigna Group by 8,357.8% in the 4th quarter. OFI Invest Asset Management now owns 33,070 shares of the health services provider’s stock worth $9,102,000 after acquiring an additional 32,679 shares in the last quarter. Victory Capital Management Inc. lifted its position in Cigna Group by 41.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,348,713 shares of the health services provider’s stock valued at $371,206,000 after acquiring an additional 392,978 shares during the period. WASHINGTON TRUST Co boosted its stake in Cigna Group by 297.0% during the fourth quarter. WASHINGTON TRUST Co now owns 5,296 shares of the health services provider’s stock worth $1,458,000 after acquiring an additional 3,962 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Cigna Group by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 304,736 shares of the health services provider’s stock worth $83,872,000 after acquiring an additional 13,798 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CI. Raymond James Financial lowered shares of Cigna Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $350.00 to $320.00 in a report on Monday. Wall Street Zen downgraded Cigna Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft lowered Cigna Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $303.00 to $302.00 in a research report on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on Cigna Group from $305.00 to $307.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Morgan Stanley boosted their target price on Cigna Group from $355.00 to $361.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Fifteen investment 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, Cigna Group presently has an average rating of “Moderate Buy” and an average price target of $339.45.

Insiders Place Their Bets

In related news, insider Nicole S. Jones sold 19,436 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $276.27, for a total transaction of $5,369,583.72. Following the sale, the insider directly owned 27,256 shares of the company’s stock, valued at $7,530,015.12. This trade represents a 41.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Cordani sold 201,878 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $292.82, for a total value of $59,113,915.96. Following the completion of the transaction, the chief executive officer directly owned 34,337 shares of the company’s stock, valued at approximately $10,054,560.34. This trade represents a 85.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 222,213 shares of company stock valued at $64,751,950. Corporate insiders own 0.60% of the company’s stock.

Cigna Group Stock Up 1.8%

Shares of Cigna Group stock opened at $275.26 on Friday. The company has a 50-day simple moving average of $285.90 and a two-hundred day simple moving average of $281.20. The stock has a market capitalization of $72.73 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.93 and a beta of 0.29. Cigna Group has a 52-week low of $239.51 and a 52-week high of $315.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.76.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, July 30th. The health services provider reported $7.78 EPS for the quarter, beating analysts’ consensus estimates of $7.60 by $0.18. The firm had revenue of $70.04 billion for the quarter, compared to analysts’ expectations of $70.14 billion. Cigna Group had a net margin of 2.27% and a return on equity of 19.75%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.20 earnings per share. Cigna Group has set its FY 2026 guidance at 30.450- EPS. On average, analysts anticipate that Cigna Group will post 30.51 EPS for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 8th. Cigna Group’s dividend payout ratio (DPR) is currently 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.