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

Company Overview

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.

Key Stats

• Today's Range: $337.48 to $342.30
• 50-Day Range: $325.88 to $367.07
• 52-Week Range: $253.95 to $370.83
• Volume: 1.15 million shs
• Average Volume: 1.50 million shs
• Market Capitalization: $96.75 billion
• P/E Ratio: 27.96
• Dividend Yield: 1.64%
• Price Target: $392.79
• Consensus Rating: Buy

The Cigna Group Stock Analysis - MarketRank™

The Cigna Group scored higher than 99% of companies evaluated by MarketBeat, and ranked 15th out of 995 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

The Cigna Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

The Cigna Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.55%

Earnings Growth

Earnings for The Cigna Group are expected to grow by 11.55% in the coming year, from $28.48 to $31.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of The Cigna Group is 27.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.06.

Price to Earnings Ratio vs. Sector

The P/E ratio of The Cigna Group is 27.96, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 140.57.

Price to Earnings Growth Ratio

The Cigna Group has a PEG Ratio of 1.08. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

The Cigna Group has a P/B Ratio of 2.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.32% of the float of The Cigna Group has been sold short.

Short Interest Ratio / Days to Cover

The Cigna Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in The Cigna Group has recently increased by 8.08%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

The Cigna Group pays a meaningful dividend of 1.62%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

The Cigna Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of The Cigna Group is 45.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, The Cigna Group will have a dividend payout ratio of 17.63% next year. This indicates that The Cigna Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 4.2 / 5
• Environmental Score: -0.19

Percentage of Shares Shorted

1.32% of the float of The Cigna Group has been sold short.

Short Interest Ratio / Days to Cover

The Cigna Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in The Cigna Group has recently increased by 8.08%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.03

News Sentiment

The Cigna Group has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for The Cigna Group this week, compared to 15 articles on an average week.

Search Interest

Only 6 people have searched for CI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

9 people have added The Cigna Group to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, The Cigna Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $922,152.00 in company stock.

Percentage Held by Insiders

Only 0.60% of the stock of The Cigna Group is held by insiders.

Percentage Held by Institutions

86.99% of the stock of The Cigna Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CI Stock Analysis - Frequently Asked Questions

How have CI shares performed this year?

The Cigna Group's stock was trading at $299.45 at the beginning of the year. Since then, CI shares have increased by 13.7% and is now trading at $340.57.
View the best growth stocks for 2024 here.

How were The Cigna Group's earnings last quarter?

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

Does The Cigna Group have any subsidiaries?

The Cigna Group subsidiaries include Express Scripts Holding Company, Brighter, Zurich Insurance Middle East, Alegis Care, Firstassist Insurance Services Ltd, Cigna HealthSpring, Choicelinx, and others.

Who are The Cigna Group's major shareholders?

Top institutional investors of The Cigna Group include AMF Tjanstepension AB (0.03%), Czech National Bank (0.02%), Massmutual Trust Co. FSB ADV (0.01%) and SG Americas Securities LLC. 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).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/19 Dividend: 9/04/2024
• Dividend Payable: 9/19/2024
• Today: 10/03/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Medical
• Industry: Hospital & medical service plans
• Sub-Industry: Managed Health Care
• Current Symbol: NYSE:CI
• CUSIP: 12550910
• CIK: 701221
• Web: www.cigna.com
• Phone: (860) 226-6000
• Fax: 860-226-6741
• Employees: 72,500
• Year Founded: 1981

Price Target and Rating

• Average Stock Price Target: $392.79
• High Stock Price Target: $438.00
• Low Stock Price Target: $348.00
• Potential Upside/Downside: +15.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $12.18
• Trailing P/E Ratio: 27.88
• Forward P/E Ratio: 11.92
• P/E Growth: 1.08
• Net Income: $5.16 billion
• Net Margins: 1.70%
• Pretax Margin: 1.88%
• Return on Equity: 17.83%
• Return on Assets: 5.10%

Debt

• Debt-to-Equity Ratio: 0.73
• Current Ratio: 0.71
• Quick Ratio: 0.71

Sales & Book Value

• Annual Sales: $216.01 billion
• Price / Sales: 0.45
• Cash Flow: $34.26 per share
• Price / Cash Flow: 9.91
• Book Value: $158.03 per share
• Price / Book: 2.15

Miscellaneous

• Outstanding Shares: 284,074,000
• Free Float: 282,370,000
• Market Cap: $96.45 billion
• Optionable: Optionable
• Beta: 0.50