Rhenman & Partners Asset Management AB Has $13.40 Million Stock Holdings in Cigna Group $CI

Rhenman & Partners Asset Management AB lifted its position in Cigna Group (NYSE:CI) by 45.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,500 shares of the health services provider’s stock after buying an additional 14,500 shares during the quarter. Cigna Group comprises approximately 1.5% of Rhenman & Partners Asset Management AB’s holdings, making the stock its 28th largest position. Rhenman & Partners Asset Management AB’s holdings in Cigna Group were worth $13,404,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position 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 during the last quarter. Collier Financial acquired a new stake in Cigna Group in the 3rd quarter valued at approximately $34,000. Traub Capital Management LLC bought a new position in Cigna Group in the 2nd quarter worth approximately $48,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cigna Group during the second quarter worth approximately $52,000. Finally, CNB Bank boosted its position in shares of Cigna Group by 479.4% in the third quarter. CNB Bank now owns 197 shares of the health services provider’s stock valued at $57,000 after acquiring an additional 163 shares during the period. Institutional investors own 86.99% of the company’s stock.

Insider Buying and Selling

In other Cigna Group news, insider Everett Neville sold 1,719 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $288.91, for a total value of $496,636.29. Following the transaction, the insider owned 5,670 shares of the company’s stock, valued at approximately $1,638,119.70. The trade was a 23.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole S. Jones sold 2,307 shares of the firm’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 $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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cigna Group from $301.00 to $304.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Jefferies Financial Group upped their price objective on shares of Cigna Group from $310.00 to $333.00 and gave the company a “buy” rating in a research report on Monday, February 9th. TD Cowen boosted their price target on Cigna Group from $333.00 to $338.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Royal Bank Of Canada decreased their price objective on Cigna Group from $344.00 to $333.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Mizuho set a $325.00 target price on Cigna Group in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.42.

Cigna Group Stock Down 3.5%

CI opened at $271.50 on Friday. The firm has a market cap of $71.55 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.94 and a beta of 0.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.74. The firm’s 50-day simple moving average is $280.71 and its 200-day simple moving average is $284.11. Cigna Group has a twelve month low of $239.51 and a twelve month high of $350.00.

Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, February 5th. The health services provider reported $8.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.88 by $0.20. The firm 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 firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $6.64 EPS. Cigna Group has set its FY 2026 guidance at 30.250- EPS. Equities research analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Cigna Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Cigna Group’s previous quarterly dividend of $1.51. Cigna Group’s dividend payout ratio (DPR) is presently 28.13%.

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.