Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Cigna Group (NYSE: CI) closed the day trading at $282.98 down -6.70% from the previous closing price of $303.31. In other words, the price has decreased by -$6.70 from its previous closing price. On the day, 5.48 million shares were traded. CI stock price reached its highest trading level at $282.99 during the session, while it also had its lowest trading level at $268.99.
Ratios:
For a better understanding of CI, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on June 26, 2024, initiated with a Overweight rating and assigned the stock a target price of $400.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $388.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $393.Barclays initiated its Overweight rating on March 06, 2024, with a $393 target price.
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 19 ’24 when DeLaney William J III sold 2,691 shares for $342.68 per share. The transaction valued at 922,152 led to the insider holds 17,539 shares of the business.
DeLaney William J III bought 2,691 shares of CI for $922,152 on Aug 19 ’24. On Aug 12 ’24, another insider, Jones Nicole S, who serves as the insider of the company, sold 22,030 shares for $330.96 each. As a result, the insider received 7,291,049 and left with 24,587 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 78711734272 and an Enterprise Value of 111719464960. As of this moment, Cigna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.13, and their Forward P/E ratio for the next fiscal year is 8.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 0.486 whereas that against EBITDA is 13.059.
Stock Price History:
The Beta on a monthly basis for CI is 0.55, which has changed by -0.0633955 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, CI has reached a high of $370.83, while it has fallen to a 52-week low of $262.03. The 50-Day Moving Average of the stock is -5.17%, while the 200-Day Moving Average is calculated to be -14.28%.
Shares Statistics:
Over the past 3-months, CI traded about 2.01M shares per day on average, while over the past 10 days, CI traded about 1705510 shares per day. A total of 278.15M shares are outstanding, with a floating share count of 273.79M. Insiders hold about 1.57% of the company’s shares, while institutions hold 88.60% stake in the company. Shares short for CI as of 1736899200 were 4160155 with a Short Ratio of 2.07, compared to 1734048000 on 4607862. Therefore, it implies a Short% of Shares Outstanding of 4160155 and a Short% of Float of 1.5.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.13. The current Payout Ratio is 46.19% for CI, which recently paid a dividend on 2024-12-04 with an ex-dividend date of 1733270400. Stock splits for the company last occurred on 2007-06-05 when the company split stock in a 3:1 ratio.
