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

$319.49
+1.92 (+0.60%)
(As of 04:02 PM ET)

About The Cigna Group Stock (NYSE:CI)

Key Stats

Today's Range
$318.05
$322.43
50-Day Range
$317.46
$367.07
52-Week Range
$253.95
$370.83
Volume
953,288 shs
Average Volume
1.50 million shs
Market Capitalization
$90.76 billion
P/E Ratio
25.14
Dividend Yield
1.75%
Price Target
$392.79
Consensus Rating
Buy

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.

The Cigna Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
100th Percentile Overall Score

CI MarketRank™: 

The Cigna Group scored higher than 100% of companies evaluated by MarketBeat, and ranked 4th out of 1,001 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about The Cigna Group's stock forecast and price target.
  • 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 25.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of The Cigna Group is 25.14, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 134.84.

  • Price to Earnings Growth Ratio

    The Cigna Group has a PEG Ratio of 1.05. 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 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about The Cigna Group's valuation and earnings.
  • Percentage of Shares Shorted

    1.12% 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 2.5, 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 decreased by 14.68%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    The Cigna Group pays a meaningful dividend of 1.76%, 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.

  • Read more about The Cigna Group's dividend.
  • Percentage of Shares Shorted

    1.12% 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 2.5, 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 decreased by 14.68%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    The Cigna Group has a news sentiment score of 0.61. 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 0.40 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 28 news articles for The Cigna Group this week, compared to 15 articles on an average week.
  • Search Interest

    22 people have searched for CI on MarketBeat in the last 30 days. This is an increase of 267% compared to the previous 30 days.
  • MarketBeat Follows

    12 people have added The Cigna Group to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days.
  • 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.

  • Read more about The Cigna Group's insider trading history.

CI Stock News Headlines

Dividends are shown using a text and photo of dollars
3 Dividend Growth Stocks Set to Supercharge Your Portfolio (CI)
Cigna Group, CDW, and Coterra Energy are three stocks that offer a strong history of dividend payouts and the potential for continued dividend growth.
Cigna (CI) Receives a Buy from Bernstein
$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
The Cigna Group Declares Quarterly Dividend
Why Cigna Group Stock Got Mashed on Monday
Cigna, Humana Merger Discussions Reportedly Revived
See More Headlines

CI Stock Analysis - Frequently Asked Questions

The Cigna Group's stock was trading at $299.45 at the beginning of the year. Since then, CI stock has increased by 6.7% and is now trading at $319.49.
View the best growth stocks for 2024 here
.

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

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 others.

Top institutional investors of The Cigna Group include Raymond James & Associates (0.30%), Swedbank AB (0.20%), Maj Invest Holding A S (0.17%) and International Assets Investment Management LLC (0.14%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that The Cigna Group investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Chevron (CVX), Advanced Micro Devices (AMD), Bristol-Myers Squibb (BMY) and Adobe (ADBE).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 9/19 Dividend
9/04/2024
Dividend Payable
9/19/2024
Today
10/24/2024
Next Earnings (Confirmed)
10/31/2024
Dividend Payable
12/19/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 12/19 Dividend
1/01/2100

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
$392.79
High Stock Price Target
$438.00
Low Stock Price Target
$348.00
Potential Upside/Downside
+22.9%
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
$33.03 per share
Book Value
$158.03 per share

Miscellaneous

Free Float
277,872,000
Market Cap
$90.82 billion
Optionable
Optionable
Beta
0.50

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This page (NYSE:CI) was last updated on 10/24/2024 by MarketBeat.com Staff
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