AMF Tjanstepension AB Increases Holdings in Cigna Group $CI

AMF Tjanstepension AB raised its stake in Cigna Group (NYSE:CI) by 20.6% during the second quarter, HoldingsChannel reports. The fund owned 171,530 shares of the health services provider’s stock after buying an additional 29,312 shares during the period. AMF Tjanstepension AB’s holdings in Cigna Group were worth $56,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quent Capital LLC boosted its stake in Cigna Group by 6.9% in the 2nd quarter. Quent Capital LLC now owns 1,252 shares of the health services provider’s stock worth $414,000 after purchasing an additional 81 shares in the last quarter. 111 Capital purchased a new position in Cigna Group in the second quarter worth about $687,000. Impact Investors Inc lifted its stake in shares of Cigna Group by 22.4% in the second quarter. Impact Investors Inc now owns 2,417 shares of the health services provider’s stock worth $799,000 after buying an additional 442 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Cigna Group by 4.5% during the second quarter. QRG Capital Management Inc. now owns 71,903 shares of the health services provider’s stock valued at $23,770,000 after buying an additional 3,091 shares during the last quarter. Finally, Fairvoy Private Wealth LLC bought a new stake in shares of Cigna Group during the second quarter valued at approximately $253,000. 86.99% of the stock is currently owned by institutional investors.

Cigna Group Stock Up 4.8%

CI opened at $311.24 on Friday. The firm’s 50 day simple moving average is $292.41 and its two-hundred day simple moving average is $309.81. The company has a market capitalization of $83.08 billion, a PE ratio of 16.99, a PEG ratio of 0.87 and a beta of 0.45. Cigna Group has a 1-year low of $256.89 and a 1-year high of $358.88. 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) last posted its quarterly earnings data on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, topping the consensus estimate of $7.15 by $0.05. The firm had revenue of $67.13 billion for the quarter, compared to the consensus estimate of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.72 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities analysts forecast that Cigna Group will post 29.77 EPS for the current year.

Cigna Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $1.51 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.9%. Cigna Group’s dividend payout ratio is 32.97%.

Wall Street Analysts Forecast Growth

CI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cigna Group in a research note on Saturday, September 27th. Guggenheim reaffirmed a “buy” rating and set a $350.00 price objective (down from $388.00) on shares of Cigna Group in a research report on Monday, August 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $371.00 target price on shares of Cigna Group in a research report on Thursday, June 26th. Barclays upped their target price on shares of Cigna Group from $354.00 to $383.00 and gave the company an “overweight” rating in a research note on Thursday, September 4th. Finally, Wells Fargo & Company dropped their target price on shares of Cigna Group from $341.00 to $340.00 and set an “equal weight” rating on the stock in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cigna Group has an average rating of “Moderate Buy” and an average target price of $371.81.

Insider Activity at Cigna Group

In other news, insider Nicole S. Jones sold 28,526 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the sale, the insider directly owned 25,648 shares in the company, valued at $7,694,400. This trade represents a 52.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Cigna Group Profile

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.