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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI

The Cigna Group (CI) Stock Price, News & Analysis

$346.79
-2.11 (-0.60%)
(As of 04/16/2024 ET)
Today's Range
$346.44
$355.87
50-Day Range
$330.55
$364.08
52-Week Range
$240.50
$365.71
Volume
1.80 million shs
Average Volume
1.61 million shs
Market Capitalization
$101.39 billion
P/E Ratio
19.94
Dividend Yield
1.61%
Price Target
$362.14

The Cigna Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
4.4% Upside
$362.14 Price Target
Short Interest
Healthy
1.94% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.19
Upright™ Environmental Score
News Sentiment
0.79mentions of The Cigna Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$39.30 M Sold Last Quarter
Proj. Earnings Growth
12.59%
From $28.36 to $31.93 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Medical Sector

57th out of 930 stocks

Hospital & Medical Service Plans Industry

4th out of 10 stocks

CI stock logo

About The Cigna Group Stock (NYSE:CI)

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. In addition, it offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. The company distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was formerly known as Cigna Corporation and changed its name to The Cigna Group in February 2023. The Cigna Group was founded in 1792 and is headquartered in Bloomfield, Connecticut.

CI Stock Price History

CI Stock News Headlines

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Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 3/21 Dividend
3/05/2024
Dividend Payable
3/21/2024
Today
4/17/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Hospital & medical service plans
Sub-Industry
Managed Health Care
CUSIP
12550910
Employees
72,500
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$362.14
High Stock Price Target
$393.00
Low Stock Price Target
$330.00
Potential Upside/Downside
+4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
13 Analysts

Profitability

Net Income
$5.16 billion
Pretax Margin
2.82%

Debt

Sales & Book Value

Annual Sales
$195.27 billion
Cash Flow
$35.50 per share
Book Value
$158.03 per share

Miscellaneous

Free Float
290,309,000
Market Cap
$101.39 billion
Optionable
Optionable
Beta
0.56

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Key Executives

Should I Buy The Cigna Group Stock? CI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Cigna Group:

  • The Cigna Group has a strong presence in the managed health care industry, providing a wide range of insurance and related products and services in the United States.
  • Evernorth Health Services segment offers a variety of health services, including pharmacy benefits and care delivery solutions, catering to different healthcare needs.
  • The company's international market presence and coverage for mobile individuals and multinational organizations provide diversification and potential growth opportunities.
  • The Cigna Group's stock has shown resilience and potential growth, with a current stock price that reflects investor confidence in the company's future prospects.
  • With a history dating back to 1792, The Cigna Group's long-standing presence in the industry signifies stability and experience in navigating market challenges.

Cons

Investors should be bearish about investing in The Cigna Group for these reasons:

  • Regulatory changes in the healthcare industry can impact the company's operations and profitability, leading to uncertainties for investors.
  • Competition in the managed health care sector is intense, which could potentially affect The Cigna Group's market share and pricing power.
  • Economic downturns or shifts in consumer behavior may influence demand for health services, affecting the company's financial performance.
  • Dependency on institutional investors for a significant portion of stock ownership may lead to volatility in the company's stock price due to market dynamics.
  • Market fluctuations and external factors beyond the company's control could impact investor sentiment and stock performance in the short term.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these The Cigna Group pros and cons to contact@marketbeat.com.

CI Stock Analysis - Frequently Asked Questions

Should I buy or sell The Cigna Group stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Cigna Group in the last twelve months. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CI shares.
View CI analyst ratings
or view top-rated stocks.

What is The Cigna Group's stock price target for 2024?

13 equities research analysts have issued 12 month price targets for The Cigna Group's stock. Their CI share price targets range from $330.00 to $393.00. On average, they expect the company's stock price to reach $362.14 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for CI
or view top-rated stocks among Wall Street analysts.

How have CI shares performed in 2024?

The Cigna Group's stock was trading at $299.45 at the start of the year. Since then, CI stock has increased by 15.8% and is now trading at $346.79.
View the best growth stocks for 2024 here
.

Are investors shorting The Cigna Group?

The Cigna Group saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 5,780,000 shares, a decrease of 10.4% from the February 29th total of 6,450,000 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is currently 3.6 days. Approximately 2.0% of the company's shares are sold short.
View The Cigna Group's Short Interest
.

When is The Cigna Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CI earnings forecast
.

How can I listen to The Cigna Group's earnings call?

The Cigna Group will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were The Cigna Group's earnings last quarter?

The Cigna Group (NYSE:CI) posted its quarterly earnings results on Friday, February, 2nd. The health services provider reported $6.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $0.25. The health services provider had revenue of $51.15 billion for the quarter, compared to the consensus estimate of $48.91 billion. The Cigna Group had a trailing twelve-month return on equity of 13.59% and a net margin of 2.64%. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $4.96 EPS.
Read the conference call transcript
.

How often does The Cigna Group pay dividends? What is the dividend yield for The Cigna Group?

The Cigna Group announced a quarterly dividend on Friday, February 2nd. Shareholders of record on Wednesday, March 6th will be paid a dividend of $1.40 per share on Thursday, March 21st. This represents a $5.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 5th. This is an increase from the stock's previous quarterly dividend of $1.23.
Read our dividend analysis for CI
.

Is The Cigna Group a good dividend stock?

The Cigna Group (NYSE:CI) pays an annual dividend of $5.60 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CI will have a dividend payout ratio of 17.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CI.

What guidance has The Cigna Group issued on next quarter's earnings?

The Cigna Group issued an update on its FY 2024 earnings guidance on Wednesday, March, 20th. The company provided EPS guidance of 28.250- for the period, compared to the consensus estimate of 28.420. The company issued revenue guidance of -.

What is David Cordani's approval rating as The Cigna Group's CEO?

1,329 employees have rated The Cigna Group Chief Executive Officer David Cordani on Glassdoor.com. David Cordani has an approval rating of 91% among the company's employees. This puts David Cordani in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of The Cigna Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Cigna Group investors own include NVIDIA (NVDA), Walt Disney (DIS), Bank of America (BAC), Salesforce (CRM), Alibaba Group (BABA), CVS Health (CVS), UnitedHealth Group (UNH), Intel (INTC), Johnson & Johnson (JNJ) and Micron Technology (MU).

Who are The Cigna Group's major shareholders?

The Cigna Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.07%), Wilsey Asset Management Inc. (0.03%), AMF Tjanstepension AB (0.03%), CWM LLC (0.02%), Perpetual Ltd (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Brian C Evanko, Cynthia Ryan, David Cordani, Donna F Zarcone, Elder Granger, Eric P Palmer, Everett Neville, Hoeltzel Mary T Agoglia, Jason D Sadler, Michael W Triplett, Nicole S Jones and Paul A Sanford.
View institutional ownership trends
.

How do I buy shares of The Cigna Group?

Shares of CI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does The Cigna Group have any subsidiaries?
The following companies are subsidiares of The Cigna Group: Accredo Health Group, Accredo Health Incorporated, Alegis Care, Allegiance Life & Health Insurance Company, Allegiance Re, American Retirement Life Insurance Company, Benefits Management Corp., Bravo Health Mid-Atlantic, Bravo Health Pennsylvania, Brighter, CareAllies, CareCore National LLC, Central Reserve Life Insurance Company, Ceres Sales of Ohio, Choicelinx, Cigna & CMB Life Insurance Company Limited, Cigna Apac Holdings Limited, Cigna Arbor Life Insurance Company, Cigna Beechwood Holdings, Cigna Behavioral Health, Cigna Behavioral Health of California, Cigna Behavioral Health of Texas, Cigna Bellevue Alpha, Cigna Benefits Financing, Cigna Brokerage & Marketing (Thailand) Limited, Cigna Cedar Holdings, Cigna Chestnut Holdings, Cigna Corporate Services, Cigna Data Services (Shanghai) Company Limited, Cigna Dental Health, Cigna Dental Health Plan of Arizona, Cigna Dental Health of California, Cigna Dental Health of Colorado, Cigna Dental Health of Delaware, Cigna Dental Health of Florida, Cigna Dental Health of Illinois, Cigna Dental Health of Kansas, Cigna Dental Health of Kentucky, Cigna Dental Health of Maryland, Cigna Dental Health of Missouri, Cigna Dental Health of New Jersey, Cigna Dental Health of North Carolina, Cigna Dental Health of Ohio, Cigna Dental Health of Pennsylvania, Cigna Dental Health of Texas, Cigna Dental Health of Virginia, Cigna Elmwood Holdings, Cigna Europe Insurance Company S.A.-N.V., Cigna European Services (UK) Limited, Cigna Finans Emeklilik ve Hayat A.S., Cigna Global Holdings, Cigna Global Insurance Company Limited, Cigna Global Reinsurance Company, Cigna Global Wellbeing Holdings Limited, Cigna Global Wellbeing Solutions Limited, Cigna HLA Technology Services Company Limited, Cigna Health Corporation, Cigna Health Management, Cigna Health Solutions India Pvt. Ltd., Cigna Health and Life Insurance Company, Cigna HealthSpring, Cigna Healthcare Holdings, Cigna Healthcare Mid-Atlantic, Cigna Healthcare of Arizona, Cigna Healthcare of California, Cigna Healthcare of Colorado, Cigna Healthcare of Connecticut, Cigna Healthcare of Florida, Cigna Healthcare of Georgia, Cigna Healthcare of Illinois, Cigna Healthcare of Indiana, Cigna Healthcare of Maine, Cigna Healthcare of Massachusetts, Cigna Healthcare of New Hampshire, Cigna Healthcare of New Jersey, Cigna Healthcare of North Carolina, Cigna Healthcare of Pennsylvania, Cigna Healthcare of South Carolina, Cigna Healthcare of St. Louis, Cigna Healthcare of Tennessee, Cigna Healthcare of Texas, Cigna Healthcare of Utah, Cigna Holding Company, Cigna Holdings, Cigna Holdings Overseas, Cigna Hong Kong Holdings Company Limited, Cigna Insurance Middle East S.A., Cigna Insurance Public Company Limited, Cigna Insurance Services (Europe) Limited, Cigna Intellectual Property, Cigna International Corporation, Cigna International Health Services, Cigna International Health Services BVBA, Cigna International Health Services Kenya Limited, Cigna International Health Services SDN BHD, Cigna International Services, Cigna International Services Australia Pty. Ltd., Cigna Investment Group, Cigna Investments, Cigna Korean Chusik Hoesa, Cigna Laurel Holdings, Cigna Legal Protection UK Ltd., Cigna Life Insurance Company of Canada, Cigna Life Insurance Company of Europe S.A.- N.V., Cigna Life Insurance Company of New York, Cigna Life Insurance New Zealand Limited, Cigna Linden Holdings, Cigna Magnolia Holdings, Cigna Myrtle Holdings, Cigna Nederland Alpha Cooperatief U.A., Cigna Nederland Beta B.V., Cigna Nederland Gamma B.V., Cigna Oak Holdings, Cigna Palmetto Holdings, Cigna Poplar Holdings, Cigna Sequoia Holdings, Cigna Spruce Holdings GmbH, Cigna Taiwan Life Assurance Company Limited, Cigna Walnut Holdings, Cigna Willow Holdings, Cigna Worldwide General Insurance Company Limited, Cigna Worldwide Insurance Company, Cigna Worldwide Life Insurance Company Limited, CignaTTK Health Insurance Company Limited, Connecticut General Corporation, Connecticut General Life Insurance Company, CuraScript Inc., E-2 CIGNA CORPORATION - 2018 Form 10-K, ESI Mail Pharmacy Service Inc., ESI Partnership, ESI Resources Inc., Express Scripts Holding Company, Express Scripts Inc., Express Scripts Pharmaceutical LLC, Express Scripts Pharmacy Inc., Express Scripts Strategic Development Inc., FirstAssist Administration Limited, Firstassist Insurance Services Ltd, Great-West Healthcare of Illinois, Grown Ups New Zealand Limited, Health-Lynx LLC, HealthSource, HealthSpring, HealthSpring Life & Health Insurance Company, HealthSpring of Alabama, HealthSpring of Florida, HealthSpring of Tennessee, KDM Thailand Limited, LINA Financial Services, LINA Life Insurance Company of Korea, Life Insurance Company of North America, Loyal American Life Insurance Company, MCC Independent Practice Association of New York, Manipal Cigna Health Insurance Company Limited, Medco Containment Life Insurance Company, Medco Health Services Inc., Medco Health Solutions Inc., NewQuest, NewQuest Management Northeast, Olympic Health Management Services, Oz Parent, PT Asuransi Cigna, Provident American Life and Health Insurance Company, Qualcare, Qualcare Alliance Networks, Qualcare Captive Insurance Company Inc. PCC, Qualcare Management Resources Limited Liability Company, RHP (Thailand) Limited, Scibal Associates, Sterling Life Insurance Company, Tel-Drug, Tel-Drug of Pennsylvania, Temple Insurance Company Limited, United Benefit Life Insurance Company, Verity Solutions Group, Zurich Insurance Middle East, and eviCore 1 LLC.
Read More
This page (NYSE:CI) was last updated on 4/17/2024 by MarketBeat.com Staff

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