Cigna Co. (NYSE:CI – Get Rating) has been given a consensus recommendation of “Buy” by the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $278.96.
A number of research firms have issued reports on CI. SVB Leerink increased their target price on shares of Cigna from $224.00 to $245.00 and gave the stock a “market perform” rating in a report on Tuesday, February 22nd. Morgan Stanley reduced their target price on shares of Cigna from $238.00 to $235.00 and set an “equal weight” rating on the stock in a report on Thursday, February 10th. Wells Fargo & Company increased their target price on shares of Cigna from $278.00 to $306.00 in a report on Monday, May 9th. Truist Financial increased their target price on shares of Cigna from $290.00 to $310.00 in a report on Monday, May 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Cigna from a “buy” rating to a “hold” rating and dropped their price objective for the company from $271.00 to $236.00 in a research report on Friday, February 4th.
In other Cigna news, EVP Everett Neville sold 268 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $228.70, for a total transaction of $61,291.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Cordani sold 10,069 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $228.70, for a total transaction of $2,302,780.30. The disclosure for this sale can be found here. Insiders have sold a total of 91,836 shares of company stock worth $23,795,261 over the last three months. 0.80% of the stock is currently owned by insiders.
Shares of CI stock traded up $4.09 during trading hours on Friday, hitting $270.58. The company had a trading volume of 28,389 shares, compared to its average volume of 1,419,279. The company’s fifty day moving average is $249.57 and its 200 day moving average is $233.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.70 and a quick ratio of 0.70. Cigna has a fifty-two week low of $191.74 and a fifty-two week high of $269.97. The stock has a market capitalization of $85.85 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.78.
Cigna (NYSE:CI – Get Rating) last issued its quarterly earnings data on Friday, May 6th. The health services provider reported $6.01 EPS for the quarter, topping the consensus estimate of $5.13 by $0.88. The firm had revenue of $44.01 billion for the quarter, compared to analyst estimates of $43.48 billion. Cigna had a net margin of 3.04% and a return on equity of 15.31%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.73 EPS. Equities analysts forecast that Cigna will post 22.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Investors of record on Wednesday, June 8th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, June 7th. Cigna’s dividend payout ratio (DPR) is 27.79%.
Cigna Company Profile (Get Rating)
Cigna Corporation provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and point solution health services, including pharmacy, benefits management, care delivery and management, and intelligence solutions to health plans, employers, government organizations, and health care providers.
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