Cigna Group $CI Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lowered its holdings in Cigna Group (NYSE:CI) by 40.2% in the fourth quarter, HoldingsChannel reports. The firm owned 100,823 shares of the health services provider’s stock after selling 67,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Cigna Group were worth $27,750,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CI. Harbor Capital Advisors Inc. grew its holdings in shares of Cigna Group by 119.5% in the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Beacon Financial Strategies CORP acquired a new position in Cigna Group during the 4th quarter worth approximately $28,000. Lodestone Wealth Management LLC acquired a new position in Cigna Group during the 4th quarter worth approximately $32,000. Collier Financial acquired a new position in Cigna Group during the 3rd quarter worth approximately $34,000. Finally, True Wealth Design LLC grew its holdings in Cigna Group by 116.4% during the 4th quarter. True Wealth Design LLC now owns 158 shares of the health services provider’s stock worth $43,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Buying and Selling at Cigna Group

In related news, insider Everett Neville sold 1,719 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total value of $496,636.29. Following the completion of the sale, the insider owned 5,670 shares in the company, valued at $1,638,119.70. This represents a 23.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole S. Jones sold 2,307 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $666,515.37. Following the completion of the sale, the insider owned 32,647 shares of the company’s stock, valued at approximately $9,432,044.77. This trade represents a 6.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Guggenheim reiterated a “buy” rating and set a $318.00 price target on shares of Cigna Group in a report on Monday, February 2nd. Sanford C. Bernstein upgraded shares of Cigna Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $307.00 to $358.00 in a report on Thursday, March 12th. Robert W. Baird lowered their price target on shares of Cigna Group from $315.00 to $306.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Wall Street Zen upgraded shares of Cigna Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Jefferies Financial Group reduced their price objective on shares of Cigna Group from $333.00 to $330.00 and set a “buy” rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $332.47.

Cigna Group Stock Down 0.6%

Shares of NYSE:CI opened at $274.96 on Thursday. The company has a market capitalization of $72.46 billion, a PE ratio of 12.40, a P/E/G ratio of 0.96 and a beta of 0.26. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. Cigna Group has a twelve month low of $239.51 and a twelve month high of $350.00. The firm has a 50 day simple moving average of $274.98 and a 200-day simple moving average of $277.61.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, February 5th. The health services provider reported $8.08 earnings per share for the quarter, topping the consensus estimate of $7.88 by $0.20. The business had revenue of $72.50 billion during the quarter, compared to the consensus estimate of $69.53 billion. Cigna Group had a net margin of 2.17% and a return on equity of 19.46%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.64 EPS. Cigna Group has set its FY 2026 guidance at 30.250- EPS. On average, equities analysts predict that Cigna Group will post 30.32 EPS for the current fiscal year.

Cigna Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $1.56 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.24 annualized dividend and a yield of 2.3%. Cigna Group’s dividend payout ratio is 28.13%.

About Cigna Group

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.