Cigna Group (NYSE: CI) is 5.86% higher on its value in year-to-date trading and has touched a low of $262.03 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 $299.82 in the last trading session, with the day’s loss setting it -7.5%.
Currently trading at $292.32, the stock is -0.29% and 0.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing -2.50% at the moment leaves the stock -10.57% off its SMA200. CI registered -13.37% loss for a year compared to 6-month loss of -12.71%. The firm has a 50-day simple moving average (SMA 50) of $290.2104 and a 200-day simple moving average (SMA200) of $326.8666.
The stock witnessed a 2.72% gain in the last 1 month and extending the period to 3 months gives it a -13.99%, and is 1.96% 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 2.86% over the week and 2.80% over the month.
Cigna Group (CI) has around 72500 employees, a market worth around $81.31B and $194.41B in sales. Current P/E ratio is 23.89 and Fwd P/E is 8.81. Profit margin for the company is 1.77%. Distance from 52-week low is 11.56% and -21.17% from its 52-week high. The company has generated returns on investments over the last 12 months (4.75%).
The EPS is expected to grow by 9.17% this year.
Cigna Group (CI) Top Institutional Holders
2184.0 institutions hold shares in Cigna Group (CI), with institutional investors hold 93.05% of the company’s shares. The shares outstanding are 273.79M, and float is at 273.64M with Short Float at 1.50%. Institutions hold 91.15% 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 4.9622% and valued at over $4.61 billion, while STATE STREET CORP holds 4.6049 of the shares totaling 12.95 million with a market value of $4.28 billion.
Cigna Group (CI) Insider Activity
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Cigna Group disclosed in a document filed with the SEC on Aug 19 ’24 that DeLaney William J III (Director) sold a total of 2,691 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $342.68 per share for $0.92 million. Following the transaction, the insider now directly holds 17539.0 shares of the CI stock.
Still, SEC filings show that on Aug 19 ’24, DeLaney William J III (Director) Proposed Sale 2,691 shares at an average price of $342.68 for $0.92 million. The insider now directly holds shares of Cigna Group (CI).
