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Friday, September 29, 2023

The Cigna Group (NYSE: CI) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for The Cigna Group (CI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.52, or 0.18%, to $282.00. The The Cigna Group has recorded 30,632 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that CIGNA HEALTHCARE LAUNCHES NEW GLOBAL HEALTH BENEFITS PLAN FOR ADULTS AGED 60+.

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Stocks Info

The Cigna Group is listed on the NYSE as a member of the Healthcare sector and is a part of the Healthcare Plans industry. At the end of the last regular session, the stock closed at $281.48 and fluctuated between $284.19 as its day high and $279.38 as its day low. The current market capitalization of The Cigna Group is $83.26B. A total of 1.07 million shares were traded on the day, compared to an average of 1.47M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CI has seen 9 BUY and 6 SELL insider trades, representing the acquisition of 21,584 and the disposition of 37,506 shares. Over the last 12 months, there were 53 BUYs and 56 SELLs from insiders. Insiders purchased 241,044 shares during that period but sold 213,407.

In the most recent transaction, Ryan Cynthia sold 3,768 shares of CI for 282.22 per share on Aug 29. After the transaction, the EVP, CHRO now owns 5,503 company shares. In a previous transaction on Aug 21, Jones Nicole S sold 7,819 shares at 276.86 per share. CI shares that EVP, General Counsel owns now total 30,069.

Among the insiders who sold shares, Agoglia Hoeltzel Mary T disposed of 12,250 shares on Aug 08 at a per-share price of $291.00. This resulted in the SVP Tax & Chief Acct. Officer holding 2,093 shares of CI after the transaction. In another insider transaction, Evanko Brian C sold 2,307 shares at $300.00 per share on Aug 02. Company shares held by the EVP, Chief Financial Officer now total 31,332.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. The Cigna Group pays an annual dividend of $4.92, resulting in a dividend yield of 1.75%, and it has a price to earnings (P/E) ratio of 12.82. CI’s most recent ex-dividend date was 9/5/2023 when it declared a $1.23 quarterly dividend that was paid in cash on 9/21/2023. Previously, the company paid the dividend on 6/22/2023 with an ex-dividend date of 6/6/2023. The CI stock dividend was $1.23 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CI in the last 3 months, the mean price target is $337.68 with high estimates of $385.00 and low estimates of $300.00. In terms of 52-week highs and lows, CI has a high of $340.11 and a low of $240.50.

As of this writing, CI has an earnings estimate of $6.67 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $6.84 per share and a lower estimate of $6.59. The company reported an EPS of $5.41 in the last quarter, which was 3.60% higher than expectations of $5.22.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CI’s latest balance sheet shows that the firm has $6.00B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $154.31, while its Total Shareholder’s Equity was $47.18B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.06.

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