Cigna Corporation (CI) Insider Activity Report: Who’s Buying?

Cigna Corporation (NYSE:CI) saw a downside of -0.61% to close Monday at $203.93 after subtracting -$1.25 on the day. The 5-day average trading volume is 1,540,260 shares of the company’s common stock. It has gained $209.00 in the past week. An average of 2,000,920 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,135,218.

CI’s 1-month performance is -0.37% or -$0.76 on its low of $197.29 reached on 10/06/21. The company’s shares have touched a 52-week low of $160.37 and high of $272.81, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, CI has lost -2.04% or -$4.25. However, the current price is down -25.25%% from the 52-week high price.

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Insider Transactions

On Jun 28, 106 days have gone by since the last insider trading activity for Cigna Corporation (CI). Granger Elder (Director) most recently sold 4,844 shares at $237.06 per share on Jun 28. This transaction cost the insider $1,148,319. President, US Markets, Triplett Michael W, sold 3,075 shares at a price of $240.70 on Jun 14. Then, on May 07, President & CEO Cordani David sold 62,123 shares at a price of $260.83 per share. This transaction amounted to $16,203,311.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 25.82 and a low of 8.814. CI stock has a beta of 0.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.41 while the price-to-book (PB) in the most recent quarter is 1.43, with the price to cash flow ratio at 14.89.

Cigna Corporation pays an annual dividend of $4.00 per share. Its dividend yield is 1.96% and the payout ratio is 8.90%. CI’s most recent quarterly dividend payment was made on Sep. 23, when it paid $1.00 a share compared with prior rate of $1.00, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.96 reported on Wednesday January 6 2021.

It is projected that Cigna Corporation’s next ex-dividend date will be on 13-Dec. CI is expected to distribute $1.00 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.65, while the total debt to equity was 0.68 while for the period ending June 29; Cigna Corporation’s operating margin was 7.10%. The firm’s gross profit as reported stood at $10.87 billion against revenue of $160.4 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CI to announce $4.96 per share in earnings in its latest quarter, but it posted $5.24, representing a 5.60% surprise. EBITDA for the quarter stood at more than $2.88 billion. CI stock balance sheet for the quarter ending June 29 shows that, with total debt at $33.74 billion. Shareholders hold equity totaling $340.11 million

Technical Picture

Let’s look briefly at Cigna Corporation (CI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 49.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.91%.

The stock’s 5-day moving average is $203.69, reflecting a +2.25% or $4.48 change from its current price. CI is currently trading -2.47% above its 20-day SMA, -22.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.14% and +2.49% respectively.

Stochastic %K and %D was 63.84% and 58.64% and the average true range (ATR) pointed at 4.80. The RSI (14) points at 46.64%, while the 14-day stochastic is at 56.70% with the period’s ATR at 4.83. The stock’s 9-day MACD Oscillator is pointing at 1.87 and 1.55 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Cigna Corporation (NYSE: CI), SVB Leerink launched coverage with a Mkt perform rating. Analysts offering their rating for CI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CI as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 17 have offered a “buy” rating.

What is CI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $220.00 and a high of $304.00, with their median price target at $270.00. Looking at these predictions, the average price target given by analysts is for Cigna Corporation (CI) stock is $262.78.


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