In yesterday’s Wall Street session, Cigna Group (NYSE:CI) shares traded at $282.96, down -3.76% from the previous session.
CI stock price is now -13.65% away from the 50-day moving average and -16.94% away from the 200-day moving average. The market capitalization of the company currently stands at $78.71B.
With the price target of $400, Piper Sandler recently initiated with Overweight rating for Cigna Group (NYSE: CI). On May 30, 2024, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $388, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, DeLaney William J III, Director sold 2,691 shares of the company’s stock on Aug 19 ’24. The stock was sold for $922,152 at an average price of $342.68. Upon completion of the transaction, the Director now directly owns 17,539 shares in the company, valued at $4.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Director DeLaney William J III bought 2,691 shares of the business’s stock. A total of $922,152 was incurred on buying the stock at an average price of $342.68. A total of 1.90% of the company’s stock is owned by insiders.
During the past 12 months, Cigna Group has had a low of $288.88 and a high of $370.83. According to the stock market information, the enterprise value for the company is $106059063296, which is based on a 26.69 price-to-earnings ratio, a 2.22 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for CI is $328.843 and a two-hundred day moving average price translates $340.9267 for the stock.
The latest earnings results from Cigna Group (NYSE: CI) was released for 2024-09-30. The net profit margin was 1.32% and return on equity was 6.92% for CI. The company reported revenue of $63.69 billion for the quarter, compared to $49.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.86 percent.
