As of Thursday close, The Cigna Group’s (NYSE:CI) stock was down -$11.76, moving down -3.93 percent to $287.64. The average number of shares traded per day over the past five days has been 1,718,320 shares. 4 times new highs have been achieved over the past 5 days, with a -$5.11 fall in that time frame. In the last twenty days, the average volume was 1,558,635, while in the previous 50 days, it was 1,614,430.
Since last month, CI stock rose 2.45%. Shares of the company fell to $267.51 on 07/13/23, 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 $240.50. Since the beginning of this year, CI’s stock price has dropped by -13.19% or -$43.70, and marked a new high 1 time. However, the stock has declined by -15.43% since its 52-week high.
CI stock investors should be aware that The Cigna Group (CI) stock had its last reported insider trading activity 16 days ago on Jul 19. Neville Everett, the EVP, Solutions & Corp Devt. of the company, disposed of 13,157 shares for $295.21 on Jul 19. It resulted in a $3,884,078 divestment by the insider. Sanford Paul A sold 1,507 shares at an average price of $295.21 on Jul 19. The insider now owns 8,679 shares following the transaction. On Jul 10, EVP, Solutions & Corp Devt. Neville Everett sold 466 shares at $277.61 apiece. The transaction was valued at $129,366.
Valuation Metrics
Right now, The Cigna Group (CI) has a P/E ratio of about 13.12. The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.91, and the price-to-cash flow ratio of 9.64 may also be considered.
The latest dividend of $1.23 per share was paid out, remained unchanged from last year’s $1.23.
Financial Health
In the three months ended March 30, The Cigna Group’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.65, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 12.90% percent. In the year ended March 30, operating margins totaled 5.40%. 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 11.20%. Return on equity (ROE) for the past 12 months was 15.00%.
In The Cigna Group’s quarter-end financial report for March 30, it reported total debt of $28.11 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 6.39% to $46.52 billion during the quarter, while net income inched up to $48.59 billion. While analysts expected The Cigna Group to report $5.22 quarterly earnings, the actual figure was $5.41 per share, beating the consensus estimate by 3.60%. During the quarter, the company generated $2.76 billion in EBITDA. The value of shareholders’ equity is $295.87 million.
Technical Picture
This quick technical analysis looks at The Cigna Group’s (CI) price momentum. With a historical volatility rate of 24.63%, the RSI 9-day stood at 47.11% on 03 August.
With respect to its five-day moving average, the current The Cigna Group price is down by -1.75% percent or -$5.11. At present, CI shares trade +3.10% above its 20-day simple moving average and +4.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.57% above its SMA50 and -2.59% below its SMA200.
Stochastic coefficient K was 70.13% and Stochastic coefficient D was 82.91%, while ATR was 7.26. Given the Stochastic reading of 33.57% for the 14-day period, the RSI (14) reading has been calculated as 52.37%. As of today, the MACD Oscillator reading stands at 0.89, while the 14-day reading stands at 2.32.
Analyst Ratings
BofA Securities upgraded its rating on The Cigna Group (NYSE: CI) to a Buy in a note to investors on June 06, 2023. The analysts firm previously had a Neutral rating on the stock.The Cigna Group (CI) has been rated Overweight by analysts. According to 0 brokerage firms, CI is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate The Cigna Group stock as buy, with 13 recommending it as overweight.
With a median target price of $323.00, the current consensus forecast for the stock is $284.00 – $385.00. Based on these forecasts, analysts predict The Cigna Group (CI) will achieve an average price target of $329.57.
