Cigna will likely see an increase in demand for its pharmacy business in the near term, as the Covid-19 crisis winds down. The Fed Is Fueling Fear and Uncertainty. The Cigna Group (NYSE:CI) pays an annual dividend of $4.92 per share and currently has a dividend yield of 1.67%. Market Cap / Employee. Cigna has participated in the rotation from growth to value, but still trades at 10x earnings. -1.3%. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. This didnt bode well with the investors, weighing on CI stock. -1.00% Following solid third-quarter 2020 results, Cigna now estimates 2020 adjusted revenues to be around $158 billion, which is pegged higher than the prior expectation of $154-156 billion. The Cigna Group's (NYSE:CI) Stock Has Fared Decently: Is the Market Can Dominos Pizza Rise To New Highs In 2023? Zacks Equity Research. Why? WebCigna (CI) Stock Sinks As Market Gains: What You Should Know. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks. AI Over? The Fly Cigna price target lowered to $365 from $375 at All insurance policies and group benefit plans contain exclusions and limitations. In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Cigna . The Cigna Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CI.". Reported on 5/5/23. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Cigna carries a Zacks Rank #3 (Hold), at present. Cigna Sees FY21 Profit Below Market; Stock Down. Stock Learn about the media coverage comparison. WebCigna (CI) Stock Sinks As Market Gains: What You Should Know. David Cordani has an approval rating of 91% among the company's employees. Stock That said, any further recovery in the economy and its timing hinge on the broader containment of the coronavirus spread. For example, youll be surprised how counter-intuitive the stock valuation is for Cerner vs. Humana. You can blame J.P. Morgan for that. Can Dominos Pizza Rise To New Highs In 2023? View analysts price targets for MRK or view top-rated stocks among Wall Street analysts. Interested parties can register for or listen to the call using this link. Why Compared with the health maintenance organization's industry trailing 12-month +0.42% One share of CI stock can currently be purchased for approximately $292.06. View real-time stock prices and stock quotes for a full financial overview. Create a list of the investments you want to track. Zacks.com users have recently been watching Cigna (CI) quite a bit. Cigna (CI) closed at $281.16 in the latest trading session, marking a -0.57% move from the prior day. CI stock fares better after Case 1, with an average return of 2.6% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of -0.6% for Case 2. +0.42% Cigna ( CI), Humana ( HUM 2.51%), and UnitedHealth Group ( UNH 7.24%) gained 17.6%, 15.1%, and 16.3% respectively in October, according to data from S&P Global Market Intelligence. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. How many employees does The Cigna Group have? Case 1: Cigna stock drops by -5% or more in a week, Case 2: Cigna stock rises by 5% or more in a week. View daily, weekly or monthly format back to when The Cigna Group stock was issued. 3 Stocks on the Move in July: Adobe, Salesforce, Enovix. Why Etsy Stock Kept Falling in the First Half of 2023 Older adults are finally catching up on delayed surgeries. The "Magnificent Seven" Stocks Are Soaring Toward a Bull The total amount of income generated by the sale of goods or services related to the company's primary operations, Represents the total incurred expenses through normal operations, Companys earnings for a period net of operating costs, taxes, and interest. WebShares of Cigna Group CI shed 2.02% to $256.50 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling Is Slowdown in ChatGPT Traffic a Sign of AI Fatigue? Represents the company's profit divided by the outstanding shares of its common stock. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. I see value in CI at the current price of $205, with a forward PE of just 10.1, sitting well below the normal PE of 13.2 over the past decade. Our dashboard, What Factors Drove 13% Change In Cignas Stock between 2018 and now?, has the underlying numbers. Measures how much net income or profit is generated as a percentage of revenue. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images). Cigna This morning, investment bank J.P. 9d ago. The Cigna Group has a PEG Ratio of 1.06. Who are The Cigna Group's major shareholders? Analysts polled by Thomson Reuters expect the company to report profit per share of $20.42 on revenue of $166.45 billion. Cigna Group Stock Price: Bottom Line. Its pretty powerful to test the trend for yourself for Cigna stock by changing the inputs in the charts above. The Cigna Group issued an update on its FY 2023 earnings guidance on Friday, May, 26th. Cigna carries a Zacks Rank #3 (Hold) at present. The Cigna Group (NYSE:CI) posted its quarterly earnings data on Friday, May, 5th. The health services provider had revenue of $46.52 billion for the quarter, compared to analyst estimates of $45.43 billion. Answer: If you buy and hold Cigna stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong. rising 0.40% to 4,554.64 and the Dow Jones Industrial Average 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. Q4 and FY 2021 Motley Fool. Cigna Stock Cigna While CI stock may see higher levels, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. MGIC Investment Corporation (MTG) Soars to 52-Week High, Time to Cash Out? Here are Fridays biggest analyst calls: Apple, Netflix, Target, Tesla, Corning, Adobe, Meta and more. By William White, InvestorPlace Writer. The Zacks Consensus Estimate for Cignas 2021 earnings is pegged at $20.41 per share, indicating a 10.6% year-over-year rise. Records Impressive Financial Results. On average, they predict the company's share price to reach $333.00 in the next year. Sign-up to receive the latest news and ratings for The Cigna Group and its competitors with MarketBeat's FREE daily newsletter. Why According to the Trefis Machine Learning Engine, which identifies trends in the companys stock price using ten years of historical data, returns for CI stock average 4.1% in the next one-month (twenty-one trading days) period after experiencing a 9% drop over the previous week (five trading days). The ex-dividend date is Tuesday, June 6th. The NSE Nifty fell 1.17% to 19,745 and the BSE Sensex declined 1.31% to 66,684.26. The consensus among Wall Street analysts is that investors should "moderate buy" CI shares. Real-time analyst ratings, insider transactions, earnings data, and more. Cigna Stock Analysts on Marketbeat are equally optimistic. Analysts expected revenue of $41.31 billion, for the quarter. The 10x figure for CI based on 2021 EPS, compares with a 18x figure for Humana and 12x for Anthem. Subscriber Agreement & Terms of Use | Stock Why AT&T Stock Was Sliding Today | The Motley Fool rose 1.20% to $75.95, and Elevance Health Inc. Thus, it is worth knowing the facts that could determine the stock's prospects. Shares of Sirius XM Holdings ( SIRI -9.35%) were down 12.7% at 10:14 a.m. Cigna (CI) is up after beating analysts earnings and revenue guidance in the first quarter. A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its Cigna Group closed $83.61 below its 52-week high ($340.11), which the company achieved on December 13th. More perks. WebCurrently, Cigna Groups price-earnings ratio is 12.6. Cigna Groups trailing 12-month revenue is $182.8 billion with a 3.7% profit margin. RTTNews. Why (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images), New Legislation Could Raise Pilot Retirement Age Amid A Record-Breaking Summer For Airlines, Novartis AG To Spin-Off Sandoz Business In 4Q23. Is Newmont Stock Attractive Post The Q2 Sell-Off? The Cigna Corporation stock price fell by -0.153% on the last day (Friday, 21st Jul 2023) from $294.22 to $293.77.During the last trading day the stock fluctuated 1.30% from a day low at $293.02 to a day high of $296.83.The price has risen in 7 of the last 10 days and is up by 6.01% over the past 2 weeks. The P/E ratio of The Cigna Group is 13.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.34.

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