FMR LLC Cuts Cigna Stake to 4.962%, Below 5% Threshold

TL;DR

**FMR LLC just trimmed its Cigna stake to 4.962%, watch for market reaction.**

AI Summary

FMR LLC, a major investment firm, has updated its ownership in Cigna Group, reporting beneficial ownership of 14,521,157 shares of common stock, representing 4.962% of the company. This is an amendment to a previous filing, indicating a slight decrease from a prior holding that would have been above 5%. This matters to investors because FMR LLC, and its principal Abigail P. Johnson, are significant institutional holders, and changes in their stake can signal their confidence in Cigna's future performance.

Why It Matters

A decrease in a major institutional investor's stake, especially below a 5% reporting threshold, can sometimes be interpreted as a slight loss of confidence or a portfolio rebalancing, which could influence other investors' perceptions of Cigna.

Risk Assessment

Risk Level: low — This filing indicates a minor adjustment in an institutional holding, not a significant divestment or acquisition that would drastically alter Cigna's outlook.

Analyst Insight

Investors should note this minor reduction in FMR LLC's stake but not overreact, as it's a small percentage change. It's prudent to monitor Cigna's upcoming earnings reports and other institutional filings for more significant shifts in investor sentiment.

Key Numbers

• 14,521,157 — Shares Beneficially Owned (This is the total number of Cigna Group common shares FMR LLC and Abigail P. Johnson beneficially own as of the filing date.)
• 4.962% — Percent of Class (This percentage represents FMR LLC's and Abigail P. Johnson's total ownership stake in Cigna Group's common stock.)

Key Players & Entities

• FMR LLC (company) — the reporting person and parent holding company
• Cigna Group (company) — the subject company whose common stock is being reported
• Abigail P. Johnson (person) — a reporting person associated with FMR LLC
• 14,521,157 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
• 4.962% (dollar_amount) — percentage of Cigna Group's common stock beneficially owned

Forward-Looking Statements

• Cigna Group's stock price may experience minor short-term volatility due to the institutional ownership change. (Cigna Group) — low confidence, target: 1 week
• FMR LLC will continue to be a significant, albeit slightly smaller, institutional holder in Cigna Group. (FMR LLC) — high confidence, target: 6 months

FAQ

From the Filing

0000315066-24-001051.txt : 20240209 0000315066-24-001051.hdr.sgml : 20240209 20240209085020 ACCESSION NUMBER: 0000315066-24-001051 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24611509 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.1 CIGNA GROUP (THE) COMMON STOCK Cusip #125523100 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) Cusip #125523100 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 12,054,714 Item 6: 0 Item 7: 14,521,157 Item 8: 0 Item 9: 14,521,157 Item 11: 4.962% Item 12: HC Cusip #125523100 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 14,521,157 Item 8: 0 Item 9: 14,521,157 Item 11: 4.962% Item 12: IN Item 1(a). Name of Issuer: CIGNA GROUP (THE) Item 1(b). Address of Issuer's Principal Executive Offices: 900 COTTAGE GROVE ROAD BLOOMFIELD, CT 06002 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 125523100 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 14,521,157 (b) Percent of Class: 4.962% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 14,521,157 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of CIGNA GROUP (THE). No one other person's interest in the COMMON STOCK of CIGNA GROUP (THE) is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidi