Cigna Group (NYSE: CI) is -7.64% 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 $308.78 in the last trading session, with the day’s loss setting it -5.51%.
Currently trading at $303.27, the stock is -4.44% and -4.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -1.78% at the moment leaves the stock -3.85% off its SMA200. CI registered 9.82% gain for a year compared to 6-month gain of 8.34%. The firm has a 50-day simple moving average (SMA 50) of $318.3698 and a 200-day simple moving average (SMA200) of $315.4051.
The stock witnessed a -3.30% loss in the last 1 month and extending the period to 3 months gives it a -5.23%, and is -5.15% 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 2.00% over the week and 2.11% over the month.
Cigna Group (CI) has around 73500 employees, a market worth around $81.02B and $254.47B in sales. Current P/E ratio is 16.80 and Fwd P/E is 9.16. Profit margin for the company is 1.98%. Distance from 52-week low is 15.74% and -18.22% 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.
Cigna Group (CI) Top Institutional Holders
2201.0 institutions hold shares in Cigna Group (CI), with institutional investors hold 93.49% of the company’s shares. The shares outstanding are 269.90M, and float is at 263.12M with Short Float at 1.11%. Institutions hold 92.01% 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.
