On Monday, Cigna Group (NYSE: CI) opened lower -0.01% from the last session, before settling in for the closing price of $353.99. Price fluctuations for CI have ranged from $253.95 to $365.71 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 48.25%. Company’s average yearly earnings per share was noted 13.57% at the time writing. With a float of $274.31 million, this company’s outstanding shares have now reached $292.50 million.
Considering the fact that the conglomerate employs 72500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 82.8%, operating margin of 3.67%, and the pretax margin is 1.9%.
Cigna Group (CI) Insider Activity
A key investor’s attitude towards the stock of the Healthcare Plans industry is another important factor to consider. The insider ownership of Cigna Group is 1.87%, while institutional ownership is 89.97%. The most recent insider transaction that took place on Aug 19 ’24, was worth 922,152. In this transaction Director of this company sold 2,691 shares at a rate of $342.68, taking the stock ownership to the 17,539 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Director proposed sale 2,691 for $342.68, making the entire transaction worth $922,152.
Cigna Group (CI) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 6.77 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 6.67) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 8.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.91% during the next five years compared to 10.54% growth over the previous five years of trading.
Cigna Group (NYSE: CI) Trading Performance Indicators
Check out the current performance indicators for Cigna Group (CI). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46. Likewise, its price to free cash flow for the trailing twelve months is 12.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 12.71, a number that is poised to hit 7.31 in the next quarter and is forecasted to reach 31.83 in one year’s time.
Technical Analysis of Cigna Group (CI)
Compared to the last year’s volume of 1.54 million, its volume of 1.02 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 94.78%. Additionally, its Average True Range was 7.21.
During the past 100 days, Cigna Group’s (CI) raw stochastic average was set at 78.37%, which indicates a significant decrease from 90.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.16% in the past 14 days, which was lower than the 19.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $336.64, while its 200-day Moving Average is $327.76. Nevertheless, the first resistance level for the watch stands at $356.43 in the near term. At $358.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $361.02. If the price goes on to break the first support level at $351.85, it is likely to go to the next support level at $349.76. Should the price break the second support level, the third support level stands at $347.26.
Cigna Group (NYSE: CI) Key Stats
There are currently 284,074K shares outstanding in the company with a market cap of 98.94 billion. Presently, the company’s annual sales total 195,265 M according to its annual income of 5,164 M. Last quarter, the company’s sales amounted to 60,523 M and its income totaled 1,548 M.
