Cigna Group (NYSE: CI) is 7.73% higher on its value in year-to-date trading and has touched a low of $253.95 and a high of $370.83 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 $330.12 in the last trading session, with the day’s loss setting it -7.51%.
Currently trading at $322.61, the stock is -2.14% and -2.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -2.27% at the moment leaves the stock -5.55% off its SMA200. CI registered 25.15% gain for a year compared to 6-month loss of -4.53%. The firm has a 50-day simple moving average (SMA 50) of $332.2652 and a 200-day simple moving average (SMA200) of $341.666.
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The stock witnessed a 1.33% gain in the last 1 month and extending the period to 3 months gives it a -8.74%, and is -4.13% down 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 1.74% over the week and 2.15% over the month.
Cigna Group (CI) has around 72500 employees, a market worth around $89.73B and $229.75B in sales. Current P/E ratio is 30.43 and Fwd P/E is 10.23. Profit margin for the company is 1.32%. Distance from 52-week low is 27.04% and -13.00% from its 52-week high. The company has generated returns on investments over the last 12 months (4.20%).
The EPS is expected to grow by 13.60% this year
2255.0 institutions hold shares in Cigna Group (CI), with institutional investors hold 91.09% of the company’s shares. The shares outstanding are 279.50M, and float is at 272.90M with Short Float at 1.31%. Institutions hold 89.65% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.19 million shares valued at $8.66 billion. The investor’s holdings represent 9.1414 of the CI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 23.83 million shares valued at $7.88 billion to account for 8.3188 of the shares outstanding. The other top investors are FMR LLC which holds 13.95 million shares representing 4.8699 and valued at over $4.61 billion, while STATE STREET CORP holds 4.5192 of the shares totaling 12.95 million with a market value of $4.28 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).
