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The Cigna Group (CI) Stock Price, News & Analysis

$353.49
-1.63 (-0.46%)
(As of 09/6/2024 ET)
Today's Range
$352.99
â–Ľ
$359.46
50-Day Range
$319.14
â–Ľ
$366.64
52-Week Range
$253.95
â–Ľ
$370.64
Volume
2.36 million shs
Average Volume
1.54 million shs
Market Capitalization
$100.42 billion
P/E Ratio
29.02
Dividend Yield
1.58%
Price Target
$384.86

The Cigna Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.9% Upside
$384.86 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
0.75mentions of The Cigna Group in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$3.10 M Sold Last Quarter
Proj. Earnings Growth
11.51%
From $28.50 to $31.78 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.69 out of 5 stars

Medical Sector

55th out of 910 stocks

Hospital & Medical Service Plans Industry

5th out of 11 stocks

CI stock logo

About The Cigna Group Stock (NYSE:CI)

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. In addition, it offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. The company distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was formerly known as Cigna Corporation and changed its name to The Cigna Group in February 2023. The Cigna Group was founded in 1792 and is headquartered in Bloomfield, Connecticut.

CI Stock Price History

CI Stock News Headlines

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See More Headlines
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Company Calendar

Ex-Dividend for 6/20 Dividend
6/04/2024
Dividend Payable
6/20/2024
Last Earnings
8/01/2024
Ex-Dividend for 9/19 Dividend
9/04/2024
Today
9/07/2024
Dividend Payable
9/19/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Hospital & medical service plans
Sub-Industry
Managed Health Care
CUSIP
12550910
Employees
72,500
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$384.86
High Stock Price Target
$438.00
Low Stock Price Target
$341.00
Potential Upside/Downside
+8.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

Net Income
$5.16 billion
Pretax Margin
1.88%

Debt

Sales & Book Value

Annual Sales
$216.01 billion
Cash Flow
$35.00 per share
Book Value
$148.55 per share

Miscellaneous

Free Float
282,370,000
Market Cap
$100.42 billion
Optionable
Optionable
Beta
0.52

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Key Executives

Should I Buy The Cigna Group Stock? CI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Cigna Group:

  • The Cigna Group has received multiple upgraded ratings from analysts, including a "strong-buy" rating, indicating positive sentiment towards the company's performance and potential growth.
  • Recent insider activity shows that company insiders have been selling shares, which could be interpreted as a sign of confidence in the company's future prospects.
  • The stock price of The Cigna Group has shown resilience, trading up despite market fluctuations, suggesting investor confidence in the company's stability.
  • Analysts have set a consensus price target of $379.06 for The Cigna Group, indicating potential for stock price appreciation based on market expectations.
  • The company's financial metrics, such as a PE ratio of 27.71 and a PEG ratio of 1.06, are in line with industry standards, reflecting a solid financial position.

Cons

Investors should be bearish about investing in The Cigna Group for these reasons:

  • Despite positive analyst ratings, there have been instances of insider selling, which could raise concerns about the company's future performance or internal outlook.
  • The stock price of The Cigna Group has experienced fluctuations, indicating potential volatility in the market and uncertainty surrounding the company's future trajectory.
  • While the company's financial metrics are in line with industry standards, a PE ratio of 27.71 may suggest that the stock is currently trading at a premium, potentially limiting immediate upside for investors.
  • Market conditions and regulatory changes in the healthcare industry could impact The Cigna Group's operations and profitability, leading to potential challenges for investors.
  • Investors should consider the debt-to-equity ratio of 0.75, which may indicate a moderate level of leverage that could pose risks in a changing economic environment.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these The Cigna Group pros and cons to contact@marketbeat.com.

CI Stock Analysis - Frequently Asked Questions

How have CI shares performed this year?

The Cigna Group's stock was trading at $299.45 on January 1st, 2024. Since then, CI shares have increased by 18.0% and is now trading at $353.49.
View the best growth stocks for 2024 here
.

How were The Cigna Group's earnings last quarter?

The Cigna Group (NYSE:CI) announced its quarterly earnings data on Thursday, August, 1st. The health services provider reported $6.72 EPS for the quarter, topping analysts' consensus estimates of $6.42 by $0.30. The business's revenue for the quarter was up 24.6% compared to the same quarter last year.
Read the conference call transcript
.

What is David Cordani's approval rating as The Cigna Group's CEO?

1,329 employees have rated The Cigna Group Chief Executive Officer David Cordani on Glassdoor.com. David Cordani has an approval rating of 91% among the company's employees. This puts David Cordani in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does The Cigna Group have any subsidiaries?

The following companies are subsidiaries of The Cigna Group: Express Scripts Holding Company, Brighter, Zurich Insurance Middle East, Alegis Care, Firstassist Insurance Services Ltd, Cigna HealthSpring, Choicelinx, and more.

Who are The Cigna Group's major shareholders?

The Cigna Group's top institutional investors include Massachusetts Financial Services Co. MA (3.85%), Legal & General Group Plc (0.94%), Dimensional Fund Advisors LP (0.93%) and Bank of New York Mellon Corp (0.82%). Insiders that own company stock include David Cordani, Eric P Palmer, Brian C Evanko, Jason D Sadler, Michael W Triplett, Nicole S Jones, Donna F Zarcone, William J Delaney III, Noelle K Eder, Paul A Sanford, Cynthia Ryan, Elder Granger, Everett Neville and Hoeltzel Mary T Agoglia.
View institutional ownership trends
.

How do I buy shares of The Cigna Group?

Shares of CI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of The Cigna Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that The Cigna Group investors own include NVIDIA (NVDA), Walt Disney (DIS), Bank of America (BAC), Salesforce (CRM), Alibaba Group (BABA), CVS Health (CVS) and UnitedHealth Group (UNH).

This page (NYSE:CI) was last updated on 9/7/2024 by MarketBeat.com Staff

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