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The closing price of Cigna Group (NYSE: CI) was $334.18 for the day, down -0.85% from the previous closing price of $337.06. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 1.45 million shares were traded. CI stock price reached its highest trading level at $338.58 during the session, while it also had its lowest trading level at $329.52.
Ratios:
Our analysis of CI’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.75.
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, Robert W. Baird on May 30, 2024, initiated with a Outperform rating and assigned the stock a target price of $388.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $393.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on February 05, 2024, whereas the target price for the stock was revised from $327 to $354.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 14 ’24 when Eder Noelle K sold 10,700 shares for $348.47 per share. The transaction valued at 3,728,629 led to the insider holds 15,824 shares of the business.
Agoglia Hoeltzel Mary T sold 5,946 shares of CI for $2,073,449 on May 14 ’24. The SVP Tax & Chief Acct. Officer now owns 2,595 shares after completing the transaction at $348.71 per share. On Mar 25 ’24, another insider, Cordani David, who serves as the Chairman & CEO of the company, sold 31,209 shares for $355.17 each. As a result, the insider received 11,084,357 and left with 348,054 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 94931845120 and an Enterprise Value of 118518849536. As of this moment, Cigna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.43, and their Forward P/E ratio for the next fiscal year is 10.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 2.31. Its current Enterprise Value per Revenue stands at 0.581 whereas that against EBITDA is 12.86.
Stock Price History:
Over the past 52 weeks, CI has reached a high of $365.71, while it has fallen to a 52-week low of $253.95. The 50-Day Moving Average of the stock is -4.21%, while the 200-Day Moving Average is calculated to be 6.09%.
Shares Statistics:
CI traded an average of 1.60M shares per day over the past three months and 2047720 shares per day over the past ten days. A total of 292.50M shares are outstanding, with a floating share count of 278.75M. Insiders hold about 1.87% of the company’s shares, while institutions hold 89.84% stake in the company. Shares short for CI as of 1715731200 were 3430550 with a Short Ratio of 2.15, compared to 1713139200 on 3945506. Therefore, it implies a Short% of Shares Outstanding of 3430550 and a Short% of Float of 1.21.
Dividends & Splits
With its trailing 12-month dividend rate of 5.09, CI has a forward annual dividend rate of 6.49. Against a Trailing Annual Dividend Yield of 0.015101169The stock’s 5-year Average Dividend Yield is 0.94.
