Cigna Group (CI) Shares Decline Despite Market Challenges

The stock price of Cigna Group (NYSE: CI) has dropped by -0.27 compared to previous close of 364.08. Despite this, the company has seen a gain of 2.12% in its stock price over the last five trading days. CNBC Television reported 2024-04-02 that CNBC’s Bertha Coombs reports on what’s driving health insurer stocks lower.

Is It Worth Investing in Cigna Group (NYSE: CI) Right Now?

Cigna Group (NYSE: CI) has a price-to-earnings ratio of 20.88x that is above its average ratio. Additionally, the 36-month beta value for CI is 0.58. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”

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The public float for CI is 287.04M and currently, short sellers hold a 2.01% ratio of that float. The average trading volume of CI on April 03, 2024 was 1.65M shares.

CI’s Market Performance

CI’s stock has seen a 2.12% increase for the week, with a 9.05% rise in the past month and a 21.25% gain in the past quarter. The volatility ratio for the week is 1.29%, and the volatility levels for the past 30 days are at 1.40% for Cigna Group. The simple moving average for the past 20 days is 3.76% for CI’s stock, with a 20.82% simple moving average for the past 200 days.

Analysts’ Opinion of CI

Many brokerage firms have already submitted their reports for CI stocks, with Barclays repeating the rating for CI by listing it as a “Overweight.” The predicted price for CI in the upcoming period, according to Barclays is $393 based on the research report published on March 06, 2024 of the current year 2024.

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CI reach a price target of $354, previously predicting the price at $327. The rating they have provided for CI stocks is “Outperform” according to the report published on February 05th, 2024.

Cantor Fitzgerald gave a rating of “Overweight” to CI, setting the target price at $372 in the report published on February 05th of the current year.

CI Trading at 8.45% from the 50-Day Moving Average

After a stumble in the market that brought CI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.72% of loss for the given period.

Volatility was left at 1.40%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares surge +7.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.20% upper at present.

During the last 5 trading sessions, CI rose by +2.12%, which changed the moving average for the period of 200-days by +37.65% in comparison to the 20-day moving average, which settled at $351.24. In addition, Cigna Group saw 21.25% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CI starting from Cordani David, who sale 31,209 shares at the price of $355.17 back on Mar 25 ’24. After this action, Cordani David now owns 348,054 shares of Cigna Group, valued at $11,084,357 using the latest closing price.

Cordani David, the Chairman & CEO of Cigna Group, sale 6,338 shares at $355.11 during a trade that took place back on Mar 22 ’24, which means that Cordani David is holding 348,054 shares at $2,250,682 based on the most recent closing price.

Stock Fundamentals for CI

Current profitability levels for the company are sitting at:

  • 0.03 for the present operating margin
  • 0.81 for the gross margin

The net margin for Cigna Group stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 11.34, with 3.59 for asset returns.

Based on Cigna Group (CI), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 9.44.

Currently, EBITDA for the company is 5.16 billion with net debt to EBITDA at 3.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 8.24for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.

Conclusion

In conclusion, Cigna Group (CI) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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