Cigna Group (NYSE: CI) is -7.05% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CI stock was last observed hovering at around $316.83 in the last trading session, with the day’s loss setting it -315.04%.
Currently trading at $1.79M, the stock is 0.75% and -1.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing 1434826% at the moment leaves the stock -0.50% off its SMA200. CI registered 14.43% gain for a year compared to 6-month gain of 14.99%. The firm has a 50-day simple moving average (SMA 50) of $321.3726 and a 200-day simple moving average (SMA200) of $317.5894.
The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a -0.27%, and is 1.12% 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 0.48% over the week and 0.84% over the month.
Cigna Group (CI) has around 73500 employees, a market worth around $84.42B and $254.47B in sales. Current P/E ratio is 17.51 and Fwd P/E is 9.55. Profit margin for the company is 1.98%. Distance from 52-week low is 20.60% and -14.78% from its 52-week high. The company has generated returns on investments over the last 12 months (7.55%).
The EPS is expected to grow by 8.59% this year
2219.0 institutions hold shares in Cigna Group (CI), with institutional investors hold 93.55% of the company’s shares. The shares outstanding are 269.90M, and float is at 263.12M with Short Float at 1.04%. Institutions hold 92.06% 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 9.3148 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 8.4766 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.
