Cigna Group (NYSE: CI) on Tuesday, soared 0.61% from the previous trading day, before settling in for the closing price of $355.55. Within the past 52 weeks, CI’s price has moved between $240.50 and $355.81.
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A company in the Healthcare sector has jumped its sales by 48.25% annually for the last half of the decade. The company achieved an average annual earnings per share of 13.30%. With a float of $287.05 million, this company’s outstanding shares have now reached $292.50 million.
In an organization with 72500 employees, it is important to assess its efficiency.
Cigna Group (CI) Insider Updates
Observing investor behavior towards Healthcare Plans industry stocks is more important than anything else. The insider ownership of Cigna Group is 1.81%, while institutional ownership is 88.83%. The most recent insider transaction that took place on Mar 25 ’24, was worth 11,084,357. In this transaction Chairman & CEO of this company sold 31,209 shares at a rate of $355.17, taking the stock ownership to the 348,054 shares. Before that another transaction happened on Mar 22 ’24, when Company’s Chairman & CEO sold 6,338 for $355.11, making the entire transaction worth $2,250,682. This insider now owns 348,054 shares in total.
Cigna Group (CI) Performance Highlights and Predictions
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $6.79 earnings per share (EPS) for the period topping the consensus outlook (set at $6.53) by $0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.92 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.95% during the next five years compared to 10.54% growth over the previous five years of trading.
Cigna Group (NYSE: CI) Trading Performance Indicators
Cigna Group (CI) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54. Likewise, its price to free cash flow for the trailing twelve months is 10.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.39, a number that is poised to hit 6.21 in the next quarter and is forecasted to reach 31.97 in one year’s time.
Technical Analysis of Cigna Group (CI)
Let’s dig in a bit further. During the last 5-days, its volume was 1.14 million. That was inferior than the volume of 1.67 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.23%. Additionally, its Average True Range was 5.05.
During the past 100 days, Cigna Group’s (CI) raw stochastic average was set at 98.02%, which indicates a significant increase from 90.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 7.80% in the past 14 days, which was lower than the 34.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $331.47, while its 200-day Moving Average is $299.08. However, in the short run, Cigna Group’s stock first resistance to watch stands at $360.19. Second resistance stands at $362.66. The third major resistance level sits at $365.48. If the price goes on to break the first support level at $354.90, it is likely to go to the next support level at $352.08. Assuming the price breaks the second support level, the third support level stands at $349.61.
Cigna Group (NYSE: CI) Key Stats
Market capitalization of the company is 104.59 billion based on 292,355K outstanding shares. Right now, sales total 195,265 M and income totals 5,164 M. The company made 51,114 M in profit during its latest quarter, and 1,029 M in sales during its previous quarter.
