Cigna Corporation [NYSE: CI] gained 0.29% on the last trading session, reaching $235.93 price per share at the time. The company report on July 1, 2021 that President George W. Bush Joined Cigna Corporation CEO David Cordani to Honor American Veterans and Support the Achilles International Freedom Team.
Cigna Corporation CEO David Cordani hosted an exclusive fireside conversation with President George W. Bush on Wednesday to honor American veterans and support athletes on the Achilles International Freedom Team, which is composed of wounded members of the U.S. military. Cordani led the discussion, where President Bush reflected on personal lessons in leadership, his deep respect for the military, and the importance of mental health.
“As we reflect on the challenges of the past year, we can all learn from the resilience and determination of our American soldiers,” Bush said. “Demonstrating bravery on the battlefield, they often return home with injuries – both visible and invisible – that intensify the challenges of transitioning to civilian life. Together, we celebrate an elite group of veterans who, through their perseverance and athletic accomplishments, are teaching us that when we face adversity, we can push our limits of what is possible.”.
Cigna Corporation represents 348.65 million in outstanding shares, while the company has a total market value of $81.05 billion with the latest information. CI stock price has been found in the range of $233.10 to $236.375.
If compared to the average trading volume of 1.64M shares, CI reached a trading volume of 2020418 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cigna Corporation [CI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CI shares is $293.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CI stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Cigna Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 19, 2021. While these analysts kept the previous recommendation, SVB Leerink raised their target price to Mkt Perform. The new note on the price target was released on July 01, 2020, representing the official price target for Cigna Corporation stock. Previously, the target price had yet another raise to $223, while Bernstein analysts kept a Mkt Perform rating on CI stock.
The Average True Range (ATR) for Cigna Corporation is set at 3.99, with the Price to Sales ratio for CI stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 18.94. Price to Free Cash Flow for CI in the course of the last twelve months was 9.95.
Trading performance analysis for CI stock
Cigna Corporation [CI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.32. With this latest performance, CI shares dropped by -4.71% in over the last four-week period, additionally plugging by 15.98% over the last 6 months – not to mention a rise of 29.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CI stock in for the last two-week period is set at 39.88, with the RSI for the last a single of trading hit 41.00, and the three-weeks RSI is set at 41.02 for Cigna Corporation [CI]. The present Moving Average for the last 50 days of trading for this stock 249.48, while it was recorded at 236.91 for the last single week of trading, and 220.70 for the last 200 days.
Cigna Corporation [CI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Cigna Corporation [CI] shares currently have an operating margin of +5.47. Cigna Corporation’s Net Margin is presently recorded at +5.27.
Return on Total Capital for CI is now 10.54, given the latest momentum, and Return on Invested Capital for the company is 10.72. Return on Equity for this stock inclined to 17.68, with Return on Assets sitting at 5.57. When it comes to the capital structure of this company, Cigna Corporation [CI] has a Total Debt to Total Equity ratio set at 66.70. Additionally, CI Total Debt to Total Capital is recorded at 40.01, with Total Debt to Total Assets ending up at 22.15. Long-Term Debt to Equity for the company is recorded at 59.99, with the Long-Term Debt to Total Capital now at 35.99.
Reflecting on the efficiency of the workforce at the company, Cigna Corporation [CI] managed to generate an average of $114,763 per employee.
Cigna Corporation [CI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cigna Corporation go to 12.60%.
An analysis of insider ownership at Cigna Corporation [CI]
There are presently around $72,734 million, or 92.20% of CI stock, in the hands of institutional investors. The top three institutional holders of CI stocks are: BLACKROCK INC. with ownership of 29,603,822, which is approximately 5.849% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 28,167,759 shares of the stock with an approximate value of $6.65 billion in CI stocks shares; and VANGUARD GROUP INC, currently with $6.45 billion in CI stock with ownership of nearly -1.708% of the company’s market capitalization.
Positions in Cigna Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 524 institutional holders increased their position in Cigna Corporation [NYSE:CI] by around 13,313,639 shares. Additionally, 565 investors decreased positions by around 20,042,783 shares, while 236 investors held positions by with 274,931,915 shares. The mentioned changes placed institutional holdings at 308,288,337 shares, according to the latest SEC report filing. CI stock had 134 new institutional investments in for a total of 2,217,009 shares, while 95 institutional investors sold positions of 1,146,215 shares during the same period.