BlackRock Amends Cigna Stake, Signals Continued Confidence

TL;DR

**BlackRock still owns a big chunk of Cigna, good sign for stability.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, reporting its ownership of Cigna Group (formerly Cigna Corporation) common stock as of December 31, 2023. This filing indicates BlackRock's passive investment in Cigna, holding a significant stake. For investors, this means a major institutional investor continues to see value in Cigna, potentially signaling stability and long-term confidence in the company's performance.

Why It Matters

This filing shows BlackRock, a massive asset manager, maintains a substantial, passive investment in Cigna, which can reassure other investors about the stock's stability and long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive, institutional ownership stake, which generally reduces volatility and signals confidence in the company.

Analyst Insight

Investors should note that BlackRock's continued passive ownership suggests a stable, long-term institutional interest in Cigna, but this filing alone doesn't indicate any new strategic moves or significant changes in the company's outlook.

Key Players & Entities

• BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
• Cigna Group (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 25, 2024 (date) — the date the SC 13G/A was filed

FAQ

From the Filing

0001086364-24-003718.txt : 20240125 0001086364-24-003718.hdr.sgml : 20240125 20240125165924 ACCESSION NUMBER: 0001086364-24-003718 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cigna Group CENTRAL INDEX KEY: 0001739940 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 824991898 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90854 FILM NUMBER: 24562944 BUSINESS ADDRESS: STREET 1: 900 COTTAGE GROVE ROAD CITY: BLOOMFIELD STATE: CT ZIP: 06002 BUSINESS PHONE: 8602266000 MAIL ADDRESS: STREET 1: 900 COTTAGE GROVE ROAD CITY: BLOOMFIELD STATE: CT ZIP: 06002 FORMER COMPANY: FORMER CONFORMED NAME: Cigna Corp DATE OF NAME CHANGE: 20181221 FORMER COMPANY: FORMER CONFORMED NAME: Halfmoon Parent, Inc. DATE OF NAME CHANGE: 20180508 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us1255231003_012524.txt us1255231003_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) Cigna Corporation -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 125523100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 125523100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 22248118 (6) Shared voting power 0 (7) Sole dispositive power 24554544 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 24554544 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Cigna Corporation Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 900 COTTAGE GROVE ROAD BLOOMFIELD CT 06002 Item 2. 2(a) Name of person filing: ------------------------