The Cigna Group (NYSE:CI) finished Friday with a subtraction of -$3.15 to close at $279.23, a downside of -1.12 percent. An average of 1,228,580 shares of common stock have been traded in the last five days. There was a gain of $3.22 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,455,715 shares traded, while the 50-day average volume stands at 1,495,918.
CI stock has decreased by -4.62% in the last month. The company shares reached their 1-month lowest point of $265.56 on 08/17/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $240.50 and a high of $340.11 in 52 weeks. It has reached a new high 1 time so far this year and lost -15.73% or -$52.11 in price. In spite of this, the price is down -17.90% from the 52-week high.
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Insider Transactions
CI stock investors should be aware that The Cigna Group (CI) stock had its last reported insider trading activity 5 days ago on Aug 21. In this transaction, the insider spent $2,164,768. SVP Tax & Chief Acct. Officer, Agoglia Hoeltzel Mary T, disposed of 12,250 shares at a price of $291.00 on Aug 08. The insider now owns more than $3,564,750 worth of shares. Prior to that, EVP, Chief Financial Officer Evanko Brian C went on to Sale 2,307 shares at $300.00 each on Aug 02. An amount of $692,100 was transacted.
Valuation Metrics
The Cigna Group (CI) has a trailing price-to-earnings (P/E) ratio of 12.72. The stock’s beta is 0.66. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.44, the price-to-book (PB) ratio at 1.81, and the price-to-cash flow ratio at 7.10.
Financial Health
The quick ratio of The Cigna Group for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.72 for the quarter ending June 29. Its gross profit as reported stood at $8.35 billion compared to revenue of $180.52 billion.
Earnings Surprise
For the three-month period that ended June 29, The Cigna Group had $28.11 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.46 billion in the quarter, while revenues of $1.27 billion were shrunk -6.78%. The analyst consensus anticipated The Cigna Group’s latest quarter earnings to come in at $6.02 per share, but it turned out to be $6.13, a 1.80% surprise. For the quarter, EBITDA amounted to $2.98 billion. At the end of the quarter ending June 29, The Cigna Group’s stock balance sheet showed total debt was $32.73 billion. Shareholders own equity worth $295.98 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Cigna Group (CI) price momentum. RSI 9-day as of the close on 25 August was 41.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.78%.
As of today, CI’s price is $280.95 +1.17% or $3.22 from its 5-day moving average. CI is currently trading -4.41% lower than its 20-day SMA and +6.58% higher than its 100-day SMA. However, the stock’s current price level is +5.86% above the SMA50 and -13.92% below the SMA200.
The stochastic %K and %D were 54.81% and 53.51%, respectively, and the average true range (ATR) was 5.78. With the 14-day stochastic at 48.07% and the average true range at 5.93, the RSI (14) stands at 44.33%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -3.02.
Analyst Ratings
Edward Jones downgraded The Cigna Group (NYSE: CI) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for The Cigna Group (CI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CI, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.
What is CI’s price target for the next 12 months?
Analysts predict a range of price targets between $300.00 and $385.00, with a median target of $345.00. Taking a look at these predictions, the average price target given by analysts for The Cigna Group (CI) stock is $337.68.
