Cigna Group (NYSE: CI) is 20.58% higher on its value in year-to-date trading and has touched a low of $240.50 and a high of $365.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CI stock was last observed hovering at around $363.09 in the last trading session, with the day’s loss setting it -2.02%.
Currently trading at $361.07, the stock is 2.80% and 7.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -0.56% at the moment leaves the stock 19.95% off its SMA200. CI registered 41.30% gain for a year compared to 6-month gain of 25.57%. The firm has a 50-day simple moving average (SMA 50) of $0.65.
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The stock witnessed a 7.21% loss in the last 1 month and extending the period to 3 months gives it a 16.44%, and is 0.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.22% over the week and 1.36% over the month.
Cigna Group (CI) has around 72500 employees, a market worth around $105.56B and $195.19B in sales. Current P/E ratio is 20.77 and Fwd P/E is 11.29. Profit margin for the company is 2.65%. Distance from 52-week low is 50.13% and -1.27% from its 52-week high. The company has generated returns on investments over the last 12 months (6.90%).
Cigna Group quarterly earnings per share for the current quarter are estimated at $6.21 with sales reaching $56.54B over the same period.The EPS is expected to grow by 13.30% this year, but quarterly earnings will post 20.60% year-over-year. Quarterly sales are estimated to grow 21.70% in year-over-year returns.
2,141 institutions hold shares in Cigna Group (CI), with institutional investors hold 91.27% of the company’s shares. The shares outstanding are 292.50M, and float is at 287.04M with Short Float at 2.01%. Institutions hold 89.89% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 25.11 million shares valued at $7.05 billion. The investor’s holdings represent 8.48% of the CI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 24.96 million shares valued at $7.0 billion to account for 8.43% of the shares outstanding. The other top investors are FMR, LLC which holds 14.03 million shares representing 4.74% and valued at over $3.94 billion, while State Street Corporation holds 4.69% of the shares totaling 13.88 million with a market value of $3.9 billion.
Cigna Group (CI) Insider Activity
The most recent transaction is an insider sale by Cordani David, the company’s Chairman & CEO. SEC filings show that Cordani David sold 31,209 shares of the company’s common stock on Mar 25 ’24 at a price of $355.17 per share for a total of $11.08 million. Following the sale, the insider now owns 0.35 million shares.
Cigna Group disclosed in a document filed with the SEC on Mar 22 ’24 that Cordani David (Chairman & CEO) sold a total of 6,338 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $355.11 per share for $2.25 million. Following the transaction, the insider now directly holds 0.35 million shares of the CI stock.
Still, SEC filings show that on Mar 21 ’24, Cordani David (Chairman & CEO) disposed off 2,293 shares at an average price of $355.02 for $0.81 million. The insider now directly holds 348,054 shares of Cigna Group (CI).
