After Hours
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. Yahoo Finance discussed the stock recently as it posted The Cigna Group Raises Long-Term Growth Target, and Launches New Innovative Solutions at 2024 Investor Day.
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Stocks Info
CI belongs to the Healthcare sector of the NYSE while operating in the Healthcare Plans industry. At the end of the last regular session, the stock closed at $341.79 and fluctuated between $345.85 as its day high and $340.86 as its day low. The current market capitalization of Cigna Group is $99.93B. A total of 1.48 million shares were traded on the day, compared to an average of 1.87M shares.
In the most recent transaction, Cordani David sold 19,288 shares of CI for 332.62 per share on Mar 04 ’24. After the transaction, the Chairman & CEO now owns 340,438 company shares. In a previous transaction on Mar 04 ’24, Jones Nicole S sold 4,436 shares at 332.62 per share. CI shares that the insider owns now total 31,587.
Among the insiders who sold shares, Triplett Michael W disposed of 1,953 shares on Mar 04 ’24 at a per-share price of $332.62. This resulted in the Special Advisor holding 32,452 shares of CI after the transaction. In another insider transaction, Cordani David sold 2,000 shares at $345.04 per share on Feb 27 ’24. Company shares held by the Chairman & CEO now total 336,783.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cigna Group pays an annual dividend of $5.09, resulting in a dividend yield of 1.49%, and it has a price to earnings (P/E) ratio of 19.66. CI’s most recent ex-dividend date was 3/5/2024 when it declared a $1.40 quarterly dividend that was paid in cash on 3/21/2024. Previously, the company paid the dividend on 12/21/2023 with an ex-dividend date of 12/5/2023. The CI stock dividend was $1.23 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CI has a high of $347.99 and a low of $240.50.
As of this writing, CI has an earnings estimate of $6.21 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $6.54 per share and a lower estimate of $6.04. The company reported an EPS of $6.77 in the last quarter, which was 1.50% higher than expectations of $6.67.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $158.03, while its Total Shareholder’s Equity was $47.18B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.52.
