Cigna Group is a healthcare plan company located in Connecticut, United States, which is part of the Healthcare sector, and is traded under the ticker CI on the NYSE exchange.
Cigna Group stock last closed at $344.62, up 4.11% from the previous day, and has increased 39.29% in one year. It has overperformed other stocks in the Healthcare Plans industry by 0.34 percentage points. Cigna Group stock is currently +35.94% from its 52-week low of $253.51, and -5.77% from its 52-week high of $365.71.
There are currently 284.07M CI shares outstanding. The market cap of CI is $97.90B. In the last 24 hours, 3.9M CI shares were traded.
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After you have decided on the best place to buy Cigna Group stock, it's crucial to evaluate their stock prior to investing, so you actually wrap your head around the risk and opportunity.
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You can view all of the due diligence checks on CI's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge CI's intrinsic value.
Using relative valuations methods:
You can do additional valuation research on CI's stock here.
Out of 15 sell side analysts who give ratings on CI, the consensus analyst rating on Cigna Group is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Ben Hendrix, a top 9% analyst from RBC Capital maintains CI with a buy rating and raises their CI price target from $354.00 to $383.00, on Mar 8, 2024.
David S Macdonald, a top 7% analyst from Truist Securities reiterates CI with a strong buy rating and raises their CI price target from $380.00 to $400.00, on Mar 8, 2024.
Truist Securities's David S Macdonald raised their price target on Cigna Group (NYSE: CI) by 5.3% from $380 to $400 on 2024/03/08. The analyst reiterated their Strong Buy rating on the stock.
The company's "upbeat" Investor Day event highlighted various growth opportunities across its complementary platforms, new initiatives around GLP-1s, behavioral and biosimilars, and a bump to its long-term growth outlook, the analyst reported.
Citing Cigna's strong position within the high-growth specialty and care services market, Macdonald said the company remains a good pick with market share gain opportunities underpinning core trends.
During the Investor Day event on 2024/03/07, management:
Ann Hynes, a top 6% analyst from Mizuho maintains CI with a strong buy rating and raises their CI price target from $370.00 to $385.00, on Mar 8, 2024.
Andrew Mok, a top 30% analyst from Barclays initiates coverage on CI with a strong buy rating and announces their CI price target of $393.00, on Mar 6, 2024.
Erin Wright, a top 5% analyst from Morgan Stanley reiterates CI with a strong buy rating and raises their CI price target from $382.00 to $392.00, on Mar 4, 2024.
You can dig deeper into what analysts are saying on the Cigna Group stock forecast page.
Last year, CI earnings were $3.62B. Over the last five year, CI's earnings have gone up by 3.21% per year. This was slower than the Healthcare Plans industry average of 5.66%.
Last year, CI revenue was $206.00B. In the last five year, CI's revenue has gone up by 22.34% per year. This was faster than the Healthcare Plans industry average of 14.05%.
You can analyze CI's earnings and revenue performance here.
In the past 12 months, executives and large shareholders at CI have sold more shares than they have bought.
Noelle K. Eder, EVP Global Chief Information Officer of CI, was the latest CI insider to buy. They bought $149,961.88 worth of CI stock on May 15, 2024.
Dig into more about who owns CI stock here.
Cigna Group pays a dividend of 1.48%, compared to the Healthcare Plans industry's average dividend yield of 1.87%. If you owned $1,000 worth of CI stock, you would have been paid $14.77 last year.
Cigna Group dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Cigna Group dividend yield and history here.
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