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In the latest session, Cigna Group (NYSE: CI) closed at $356.23 down -2.89% from its previous closing price of $366.85. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 0.86 million shares were traded. CI stock price reached its highest trading level at $366.9055 during the session, while it also had its lowest trading level at $354.64.
Ratios:
For a deeper understanding of Cigna Group’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.73.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 102552567808 and an Enterprise Value of 124718669824. As of this moment, Cigna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.02, and their Forward P/E ratio for the next fiscal year is 11.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 2.41. Its current Enterprise Value per Revenue stands at 0.577 whereas that against EBITDA is 13.3.
Stock Price History:
Over the past 52 weeks, CI has reached a high of $370.83, while it has fallen to a 52-week low of $253.95. The 50-Day Moving Average of the stock is 3.47%, while the 200-Day Moving Average is calculated to be 7.03%.
Shares Statistics:
For the past three months, CI has traded an average of 1.35M shares per day and 1218190 over the past ten days. A total of 292.50M shares are outstanding, with a floating share count of 274.23M. Insiders hold about 1.90% of the company’s shares, while institutions hold 88.78% stake in the company. Shares short for CI as of 1724976000 were 3343251 with a Short Ratio of 2.47, compared to 1722384000 on 3304206. Therefore, it implies a Short% of Shares Outstanding of 3343251 and a Short% of Float of 1.2.
Dividends & Splits
According to the company, the forward annual dividend rate for CI is 5.43, from 5.26 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014338286The stock’s 5-year Average Dividend Yield is 1.02.
