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APG Asset Management triples stake in Cigna, despite company missing earnings targets.
APG Asset Management increased its stake in The Cigna Group by over 200%, now owning shares worth $58.14 million.
Despite missing earnings expectations, Cigna has a "Buy" rating and a target price of $373.25.
Institutional investors hold 86.99% of Cigna's stock, and the company's market cap stands at $85.68 billion.
Recent reports also show other major investors like Invesco Ltd. and Cerity Partners reducing their holdings in the company.
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APG Asset Management triplica la participación en Cigna, a pesar de que la empresa no tiene objetivos en materia de ganancias.