Technicals Say Cigna Corporation (CI) Is Worth Holding


As of Friday close, Cigna Corporation’s (NYSE:CI) stock was down -$4.98, moving down -1.81 percent to $269.45. The average number of shares traded per day over the past five days has been 1,986,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.19 fall in that time frame. In the last twenty days, the average volume was 1,764,090, while in the previous 50 days, it was 1,704,432.

Since last month, CI stock retreated -9.76%. Shares of the company fell to $267.17 on 03/17/23, the lowest level in the past month. A 52-week high of $340.11 was reached on 01/03/23 after having rallying from a 52-week low of $234.89. Since the beginning of this year, CI’s stock price has dropped by -18.68% or -$61.89, and marked a new high 1 time. However, the stock has declined by -20.78% since its 52-week high.

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CI stock investors should be aware that Cigna Corporation (CI) stock had its last reported insider trading activity 8 days ago on Mar 10. Neville Everett, the EVP, Solutions & Corp Devt. of the company, disposed of 2,982 shares for $271.67 on Mar 10. It resulted in a $810,120 divestment by the insider. ZARCONE DONNA F sold 2,088 shares at an average price of $271.67 on Mar 10. The insider now owns 25,550 shares following the transaction. On Mar 10, President, U.S. Commercial Triplett Michael W sold 1,731 shares at $271.67 apiece. The transaction was valued at $470,261.

Valuation Metrics

Right now, Cigna Corporation (CI) has a P/E ratio of about 12.61. The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.44, the price-to-book (PB) ratio of 1.81, and the price-to-cash flow ratio of 13.21 may also be considered.

The latest dividend of $1.23 per share was paid out, which is 9.82% more than last year’s $1.12. On Thursday February 2 2023, a $0.11 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.63, and the total debt-to-equity ratio was 0.69. In the year ended December 30, operating margins totaled 5.30%. Based on annual data, CI earned $8.35 billion in gross profit and brought in $180.52 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.50%. Return on equity (ROE) for the past 12 months was 14.70%.

In Cigna Corporation’s quarter-end financial report for December 30, it reported total debt of $28.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CI’s revenue rose 0.14% to $45.28 billion during the quarter, while net income inched up to $45.75 billion. While analysts expected Cigna Corporation to report $4.86 quarterly earnings, the actual figure was $4.96 per share, beating the consensus estimate by 2.10%. During the quarter, the company generated $2.46 billion in EBITDA. The value of shareholders’ equity is $297.06 million.

Technical Picture

This quick technical analysis looks at Cigna Corporation’s (CI) price momentum. With a historical volatility rate of 21.06%, the RSI 9-day stood at 28.34% on 17 March.

With respect to its five-day moving average, the current Cigna Corporation price is down by -2.25% percent or -$6.19. At present, CI shares trade -10.01% below its 20-day simple moving average and -10.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.16% below its SMA50 and +0.43% above its SMA200.

Stochastic coefficient K was 13.72% and Stochastic coefficient D was 12.83%, while ATR was 6.33. Given the Stochastic reading of 7.77% for the 14-day period, the RSI (14) reading has been calculated as 29.78%. As of today, the MACD Oscillator reading stands at -2.81, while the 14-day reading stands at -8.01.


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