As of Thursday close, The Cigna Group’s (NYSE:CI) stock was down -$18.43, moving down -6.38 percent to $270.53. The average number of shares traded per day over the past five days has been 1,638,200 shares. 3 times new highs have been achieved over the past 5 days, with a -$18.38 fall in that time frame. In the last twenty days, the average volume was 1,469,560, while in the previous 50 days, it was 1,541,268.
Since last month, CI stock retreated -7.56%. Shares of the company fell to $265.56 on 08/17/23, 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 $240.50. Since the beginning of this year, CI’s stock price has dropped by -18.35% or -$60.81, and marked a new high 1 time. However, the stock has declined by -20.46% since its 52-week high.
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CI stock investors should be aware that The Cigna Group (CI) stock had its last reported insider trading activity 10 days ago on Aug 08. Agoglia Hoeltzel Mary T, the SVP Tax & Chief Acct. Officer of the company, disposed of 12,250 shares for $291.00 on Aug 08. It resulted in a $3,564,750 divestment by the insider. Evanko Brian C sold 2,307 shares at an average price of $300.00 on Aug 02. The insider now owns 31,332 shares following the transaction. On Jul 19, EVP, Solutions & Corp Devt. Neville Everett sold 13,157 shares at $295.21 apiece. The transaction was valued at $3,884,078.
Valuation Metrics
Right now, The Cigna Group (CI) has a P/E ratio of about 12.32. The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 0.43, the price-to-book (PB) ratio of 1.75, and the price-to-cash flow ratio of 7.00 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 June 29, 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 June 29 was 0.62, and the total debt-to-equity ratio was 0.72. On the profitability front, the trailing twelve-month gross margin is 12.60% percent. In the year ended June 29, operating margins totaled 5.20%. 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 14.80%.
In The Cigna Group’s quarter-end financial report for June 29, 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 $6.02 quarterly earnings, the actual figure was $6.13 per share, beating the consensus estimate by 1.80%. During the quarter, the company generated $2.98 billion in EBITDA. The value of shareholders’ equity is $295.98 million.
Technical Picture
This quick technical analysis looks at The Cigna Group’s (CI) price momentum. With a historical volatility rate of 35.07%, the RSI 9-day stood at 23.03% on 17 August.
With respect to its five-day moving average, the current The Cigna Group price is down by -6.36% percent or -$18.38. At present, CI shares trade -8.05% below its 20-day simple moving average and +3.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.78% above its SMA50 and -16.70% below its SMA200.
Stochastic coefficient K was 26.89% and Stochastic coefficient D was 32.50%, while ATR was 7.12. Given the Stochastic reading of 13.16% for the 14-day period, the RSI (14) reading has been calculated as 33.16%. As of today, the MACD Oscillator reading stands at -4.78, while the 14-day reading stands at -6.62.
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 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate The Cigna Group stock as buy, with 13 recommending it as overweight.
With a median target price of $345.00, the current consensus forecast for the stock is $300.00 – $385.00. Based on these forecasts, analysts predict The Cigna Group (CI) will achieve an average price target of $337.68.
