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Wednesday, February 1, 2023

Cigna Corporation (NYSE: CI) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Cigna Corporation (CI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.89, or -0.29%, to $301.79. The Cigna Corporation has recorded 131,431 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Cigna Corporation Announces Appearance at the 41st Annual J.P. Morgan Healthcare Conference.

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Stocks Info

Cigna Corporation is listed on the NYSE in the Healthcare sector while operating in the Healthcare Plans industry. At the end of the last regular session, the stock closed at $302.68 and fluctuated between $305.36 as its day high and $299.51 as its day low. The current market capitalization of Cigna Corporation is $93.00B. A total of 3.55 million shares were traded on the day, compared to an average of 1.83M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CI has seen 4 BUY and 5 SELL insider trades, representing the acquisition of 21,169 and the disposition of 23,492 shares. Over the last 12 months, there were 66 BUYs and 58 SELLs from insiders. Insiders purchased 197,955 shares during that period but sold 166,805.

In the most recent transaction, Ryan Cynthia sold 3,009 shares of CI for 327.95 per share on Dec 16. After the transaction, the EVP, CHRO now owns 4,319 company shares. In a previous transaction on Dec 08, Sadler Jason D sold 16,667 shares at 333.88 per share. CI shares that Pres., International Markets owns now total 35,750.

Among the insiders who sold shares, Palmer Eric P disposed of 4,000 shares on Oct 14 at a per-share price of $300.00. This resulted in the President & CEO, Evernorth holding 36,838 shares of CI after the transaction. In another insider transaction, Sanford Paul A sold 373 shares at $300.00 per share on Oct 14. Company shares held by the EVP Operations now total 8,748.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Cigna Corporation pays an annual dividend of $4.48, resulting in a dividend yield of 1.48%, and it has a price to earnings (P/E) ratio of 14.46. CI’s most recent ex-dividend date was 12/5/2022 when it declared a $1.12 quarterly dividend that was paid in cash on 12/21/2022. Previously, the company paid the dividend on 9/22/2022 with an ex-dividend date of 9/6/2022. The CI stock dividend was $1.12 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CI in the last 3 months, the mean price target is $362.82 with high estimates of $385.00 and low estimates of $335.00. In terms of 52-week highs and lows, CI has a high of $340.11 and a low of $213.16.

As of this writing, CI has an earnings estimate of $5.71 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $6.07 per share and a lower estimate of $5.56. The company reported an EPS of $6.01 in the last quarter, which was 16.00% higher than expectations of $5.18.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CI is Sell with a score of 3.95. A total of 10 analysts rated the stock as Buy while 3 rated it as Overweight while 13 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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