It’s Not Over Yet For Cigna Group (NYSE: CI)

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. Most recently, Yahoo Finance reported about the stock as it publicized that The Cigna Group Raises Long-Term Growth Target, and Launches New Innovative Solutions at 2024 Investor Day.

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Stocks Info

Cigna Group is listed on the NYSE as a member of the Healthcare sector and is a part of the Healthcare Plans industry. The current market capitalization of Cigna Group is $104.59B. A total of 1.21 million shares were traded on the day, compared to an average of 1.63M shares.

In the most recent transaction, Cordani David sold 31,209 shares of CI for 355.17 per share on Mar 25 ’24. After the transaction, the Chairman & CEO now owns 348,054 company shares. In a previous transaction on Mar 22 ’24, Cordani David sold 6,338 shares at 355.11 per share. CI shares that Chairman & CEO owns now total 348,054.

Among the insiders who sold shares, Cordani David disposed of 2,293 shares on Mar 21 ’24 at a per-share price of $355.02. This resulted in the Chairman & CEO holding 348,054 shares of CI after the transaction. In another insider transaction, Cordani David sold 13,761 shares at $347.33 per share on Mar 13 ’24. Company shares held by the Chairman & CEO now total 340,438.

Dividend

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. Cigna Group pays an annual dividend of $5.09, resulting in a dividend yield of 1.42%, and it has a price to earnings (P/E) ratio of 20.57. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CI has a high of $355.81 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

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 $158.03, 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 4.52.

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