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Cigna Corporation (NYSE:CI) Achieved Almost -1.20% Growth In A Month. Also Looks Good Long Term.

In recent trading session, Cigna Corporation (NYSE:CI) saw 0.68 million shares changing hands at last check today with its beta currently measuring 0.71. Company’s recent per share price level of $277.67 trading at -$5.23 or -1.85% at last check today assigns it a market valuation of $86.20B. That most recent trading price of CI’s stock is at a discount of -6.71% from its 52-week high price of $296.29 and is indicating a premium of 30.95% from its 52-week low price of $191.74. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.32 million shares which gives us an average trading volume of 2.00 million if we extend that period to 3-months.

For Cigna Corporation (CI), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 25 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $5.48 in the current quarter.

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Cigna Corporation (NYSE:CI) trade information

Upright in the red during last session for losing -1.85%, in the last five days CI remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $277.67 price level, adding 5.64% to its value on the day. Cigna Corporation’s shares saw a change of 23.20% in year-to-date performance and have moved -2.43% in past 5-day. Cigna Corporation (NYSE:CI) showed a performance of -1.20% in past 30-days. Number of shares sold short was 7.89 million shares which calculate 3.52 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $311.74 to the stock, which implies a rise of 10.93% to its recent value today. Analysts have been projecting $230.00 as a low price target for the stock while placing it at a high target of $340.00. It follows that stock’s current price would drop -22.45% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.17% for stock’s current value.

Cigna Corporation (CI) estimates and forecasts

Statistics highlight that Cigna Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 18.62% of value to its shares in past 6 months, showing an annual growth rate of 12.26% while that of industry is 1.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 4.60% in the current quarter and calculating 1.60% increase in the next quarter. This year revenue growth is estimated to rise 2.60% from the last financial year’s standing.

17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $44.41 billion for the same. And 17 analysts are in estimates of company making revenue of $44.46 billion in the next quarter that will end on Sep 2022. Company posted $43.11 billion and $42.92 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 3.00% while estimating it to be 3.60% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -31.50% while estimates for its earnings growth in next 5 years are of 11.56%.

CI Dividends

Cigna Corporation is more likely to be releasing its next quarterly report between February 02 and February 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Cigna Corporation (NYSE:CI)’s Major holders

Insiders are in possession of 1.53% of company’s total shares while institution are holding 90.96 percent of that, with stock having share float percentage of 92.37%. Investors also watch the number of corporate investors in a company very closely, which is 90.96% institutions for Cigna Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CI for having 29.35 million shares of worth $7.03 billion. And as of Mar 30, 2022, it was holding 9.25% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 25.99 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 8.19% of outstanding shares, having a total worth of $6.23 billion.

On the other hand, Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 10.67 million shares of worth $2.81 billion or 3.36% of the total outstanding shares. The later fund manager was in possession of 9.26 million shares on Mar 30, 2022, making its stake of worth around $2.22 billion in the company or a holder of 2.92% of company’s stock.

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