Cigna Group (NYSE: CI) is 14.34% higher on its value in year-to-date trading and has touched a low of $253.95 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 $342.60 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $342.40, the stock is 1.31% and 2.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing -0.06% at the moment leaves the stock 4.73% off its SMA200. CI registered 21.74% gain for a year compared to 6-month loss of -0.29%.
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The stock witnessed a 1.85% gain in the last 1 month and extending the period to 3 months gives it a 1.79%, and is 2.24% 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 1.44% over the week and 2.32% over the month.
Cigna Group (CI) has around 72500 employees, a market worth around $95.72B and $216.01B in sales. Current P/E ratio is 26.93 and Fwd P/E is 10.76. Profit margin for the company is 1.72%. Distance from 52-week low is 34.83% and -6.37% from its 52-week high. The company has generated returns on investments over the last 12 months (5.19%).
The EPS is expected to grow by 13.57% this year
2210.0 institutions hold shares in Cigna Group (CI), with institutional investors hold 90.83% of the company’s shares. The shares outstanding are 292.50M, and float is at 273.97M with Short Float at 1.21%. Institutions hold 89.41% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.79 million shares valued at $9.73 billion. The investor’s holdings represent 9.353 of the CI Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 24.33 million shares valued at $8.84 billion to account for 8.492 of the shares outstanding. The other top investors are FMR LLC which holds 14.37 million shares representing 5.0175 and valued at over $5.22 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 5.0063 of the shares totaling 14.34 million with a market value of $5.21 billion.
Cigna Group (CI) Insider Activity
The most recent transaction is an insider sale by DeLaney William J III, the company’s Director. SEC filings show that DeLaney William J III sold 2,691 shares of the company’s common stock on Aug 19 ’24 at a price of $342.68 per share for a total of $0.92 million. Following the sale, the insider now owns 17539.0 shares.
Still, SEC filings show that on Aug 12 ’24, Jones Nicole S () disposed off 22,030 shares at an average price of $330.96 for $7.29 million. The insider now directly holds 24,587 shares of Cigna Group (CI).
