Analysts provide stock recommendations for Cigna Group (CI)

Cigna Group (NYSE: CI) closed the day trading at $282.56 up 0.11% from the previous closing price of $282.24. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 1510373 shares were traded. CI stock price reached its highest trading level at $282.97 during the session, while it also had its lowest trading level at $277.06.

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Ratios:

For a better understanding of CI, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.61.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 29 when Ryan Cynthia sold 3,768 shares for $282.22 per share. The transaction valued at 1,063,405 led to the insider holds 5,503 shares of the business.

Jones Nicole S sold 7,819 shares of CI for $2,164,768 on Aug 21. The EVP, General Counsel now owns 30,069 shares after completing the transaction at $276.86 per share. On Aug 08, another insider, Agoglia Hoeltzel Mary T, who serves as the SVP Tax & Chief Acct. Officer of the company, sold 12,250 shares for $291.00 each. As a result, the insider received 3,564,750 and left with 2,093 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CI now has a Market Capitalization of 82.68B and an Enterprise Value of 105.33B. As of this moment, Cigna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.94, and their Forward P/E ratio for the next fiscal year is 10.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 0.55.

Stock Price History:

Over the past 52 weeks, CI has reached a high of $340.11, while it has fallen to a 52-week low of $240.50. The 50-Day Moving Average of the stock is 294.98, while the 200-Day Moving Average is calculated to be 279.01.

Shares Statistics:

Over the past 3-months, CI traded about 1.39M shares per day on average, while over the past 10 days, CI traded about 1.95M shares per day. A total of 298.68M shares are outstanding, with a floating share count of 287.17M. Insiders hold about 1.86% of the company’s shares, while institutions hold 88.81% stake in the company. Shares short for CI as of Oct 30, 2023 were 3.35M with a Short Ratio of 3.35M, compared to 2.84M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.15% and a Short% of Float of 1.15%.

Dividends & Splits

CI’s forward annual dividend rate is 3.93, up from 4.81 a year ago. Against a Trailing Annual Dividend Yield of 1.70%, it implies a Forward Annual Dividend Yield of 1.74%. The stock’s 5-year Average Dividend Yield is 0.76. The current Payout Ratio is 21.03% for CI, which recently paid a dividend on Dec 20, 2023 with an ex-dividend date of Dec 04, 2023. Stock splits for the company last occurred on Jun 04, 2007 when the company split stock in a 3:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of $6.54 for the current quarter, with a high estimate of $6.69 and a low estimate of $6.45, while EPS last year was $4.96. The consensus estimate for the next quarter is $6.35, with high estimates of $6.92 and low estimates of $5.99.

Analysts are recommending an EPS of between $25 and $24.75 for the fiscal current year, implying an average EPS of $24.83. EPS for the following year is $28.21, with 19 analysts recommending between $28.47 and $28.

Revenue Estimates

15 analysts predict $48.9B in revenue for the current quarter. It ranges from a high estimate of $49.68B to a low estimate of $47.92B. As of the current estimate, Cigna Group’s year-ago sales were $45.74B, an estimated increase of 6.90% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $55.47B, an increase of 19.30% over than the figure of $6.90% in the same quarter last year. There is a high estimate of $56.82B for the next quarter, whereas the lowest estimate is $52.95B.

A total of 17 analysts have provided revenue estimates for CI’s current fiscal year. The highest revenue estimate was $193.83B, while the lowest revenue estimate was $192.1B, resulting in an average revenue estimate of $192.96B. In the same quarter a year ago, actual revenue was $180.64B, up 6.80% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $229.53B in the next fiscal year. The high estimate is $235.16B and the low estimate is $224.52B. The average revenue growth estimate for next year is up 19.00% from the average revenue estimate for this year.

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