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Cigna misses earnings expectations, sees stake reduction by Sumitomo Mitsui Trust, rated "Moderate Buy" by analysts.
Cigna Group's stock saw adjustments from several institutional investors and hedge funds, with Sumitomo Mitsui Trust Group Inc. reducing its stake by 0.5%.
Despite an increase in its dividend to $6.04 annually, Cigna missed earnings expectations, reporting $6.64 EPS for the fourth quarter compared to the expected $7.84.
The stock opened at $286.67, with a market cap of $79.74 billion.
Financial analysts give Cigna a "Moderate Buy" rating with a target price of $373.69.
2 months ago
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