Cigna Group (CI) concluded trading on Thursday at a closing price of $314.81, with 3.48 million shares of worth about $1.1 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.62% during that period and on October 31, 2024 the price saw a gain of about 0.61%. Currently the company’s common shares owned by public are about 292.50M shares, out of which, 274.27M shares are available for trading.
Stock saw a price change of -1.08% in past 5 days and over the past one month there was a price change of -7.60%. Year-to-date (YTD), CI shares are showing a performance of 5.13% which increased to 1.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $253.95 but also hit the highest price of $370.83 during that period. The average intraday trading volume for Cigna Group shares is 1.41 million. The stock is currently trading -5.50% below its 20-day simple moving average (SMA20), while that difference is down -9.07% for SMA50 and it goes to -7.59% lower than SMA200.
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Cigna Group (NYSE: CI) currently have 292.50M outstanding shares and institutions hold larger chunk of about 88.82% of that.
The stock has a current market capitalization of $88.00B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 24.76, while it has posted earnings per share of $12.71 in the same period. Its PEG reads 2.22 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CI, volatility over the week remained 3.50% while standing at 2.49% over the month.
Stock’s fiscal year EPS is expected to rise by 13.56% while it is estimated to increase by 11.58% in next year. EPS is likely to grow at an annualized rate of 11.14% for next 5-years, compared to annual growth of 10.54% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on June 26, 2024 offering an Overweight rating for the stock and assigned a target price of $400 to it. Coverage by Robert W. Baird stated Cigna Group (CI) stock as an Outperform in their note to investors on May 30, 2024, suggesting a price target of $388 for the stock. On March 06, 2024, Barclays Initiated their recommendations, while on February 05, 2024, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $354. Stock get an Overweight rating from Cantor Fitzgerald on February 05, 2024.
