How to Buy Cigna Group Stock
Cigna Group
Cigna Group is a healthcare plan company located in Connecticut, United States, which is part of the Healthcare sector, and is traded under the ticker CI on the NYSE exchange.
Cigna Group stock last closed at $341.70, up 0.33% from the previous day, and has increased 19.86% in one year. It has overperformed other stocks in the Healthcare Plans industry by 0.21 percentage points. Cigna Group stock is currently +34.55% from its 52-week low of $253.95, and -7.85% from its 52-week high of $370.83.
There are currently 279.55M CI shares outstanding. The market cap of CI is $95.52B. In the last 24 hours, 719,283 CI shares were traded.
How to Buy Cigna Group Stock
Wondering how to invest in Cigna Group stock? Here's how.
- Decide where to buy Cigna Group stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Cigna Group stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Evaluate Cigna Group stock: The Cigna Group ticker symbol is CI. Is Cigna Group stock a good investment? Should you buy shares of CI? How do CI's underlying business fundamentals look? Do top analysts think Cigna Group is a good buy? Why has CI's stock price moved recently? (Hint: Our stock analysis website can help you figure out if CI is a good stock to buy).
- Make your CI buy order: Decide if you will purchase CI shares at the current market price or use a limit order to purchase CI stock at a particular price.
- Get notifications regarding your investment in CI: Create a watchlist to important notifications about your new investment in Cigna Group shares.
Step 1: Decide where to buy Cigna Group stock
You will need a brokerage account to access the NYSE market and buy CI stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can invest in CI today.
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Step 3: Put funds into your brokerage account
Now that you have finished signing up on stock apps to use, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details transferring money into your new investment account.
Step 4: Evaluate Cigna Group stock
After you have decided on the best place to buy Cigna Group stock, it's crucial to evaluate their stock prior to investing, so you actually wrap your head around the risk and opportunity.
Overview of key CI info
Fundamentals of CI
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on CI's stock page.
Is CI stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge CI's intrinsic value.
Using relative valuations methods:
- CI may be undervalued based on its P/E ratio of 26.55x, relative to Healthcare Plans industry P/E ratio of 31.97x
- CI may be undervalued based on its P/B ratio of 2.31x, relative to Healthcare Plans industry P/B ratio of 3.14x
- CI could be undervalued based on its PEG ratio of 0.67x
You can do additional valuation research on CI's stock here.
A look at CI Cashflows and Balance Sheet
Pros:
- CI's operating cash flow of $9.40B allows it to safely service it's debt of $31.89B.
Cons:
- CI has a relatively high debt to equity ratio of 2.76.
- Total CI debt is higher than 5 years ago, relative to shareholder equity.
- CI earnings of $5.25B is not enough to cover its interest payments.
- There are more short-term liabilities than short-term assets on the CI balance sheet.
- CI profit margin has gone down from 3.6% to 1.7% in the past year.
- There are more long-term liabilities than short-term assets on the CI balance sheet.
Is CI stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 9 sell side analysts who give ratings on CI, the consensus analyst rating on Cigna Group is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest CI Analyst Recommendations
Andrew Mok, a top 21% analyst from Barclays maintains CI with a strong buy rating and raises their CI price target from $393.00 to $405.00, on Aug 2, 2024.
Barclays's Andrew Mok raised their price target on Cigna Group (NYSE: CI) by 3.1% from $393 to $405 on 2024/08/02. The analyst maintained their Strong Buy rating on the stock.
Cigna Group reported its Q2 2024 earnings on 2024/08/01.
Mok highlighted that they did not expect a material shift in Cigna Group's FY 2024 cost trend, and argued that the post-print dip was "overdone."
Earnings Report
For q2 2024, Cigna Group reported:
- EPS of $6.72, which beat the Zacks Consensus Estimate by 4.7% and, by 9.6%, Q2 2023's $6.13.
- Revenue of $60.5B, which beat the Zacks Consensus Estimate by 3.4% and, by 24.4%, Q2 2023's $48.59B.
For FY 2024, management guided:
- EPS of $28.40, representing 13.2% Y/Y growth.
- Revenue of $235B, representing 20.3% Y/Y growth.
Chairman & CEO David M. Cordani commented: “Our Q2 results underscore the strength of our diversified portfolio.
"We continue to deliver innovative solutions to meet the evolving needs of those we serve.
“We remain disciplined in our approach to executing our strategy, enabling us to consistently deliver value and sustain our growth in a dynamic environment.”
Jessica Tassan, a top 26% analyst from Piper Sandler initiates coverage on CI with a strong buy rating and announces their CI price target of $400.00, on Jun 26, 2024.
Michael Ha, a top 27% analyst from Baird initiates coverage on CI with a buy rating and announces their CI price target of $388.00, on May 30, 2024.
Michael Wiederhorn, a top 13% analyst from Oppenheimer maintains CI with a buy rating and raises their CI price target from $370.00 to $400.00, on May 3, 2024.
You can dig deeper into what analysts are saying on the Cigna Group stock forecast page.
CI Momentum
CI Performance Numbers
Last year, CI earnings were $3.71B. Over the last five year, CI's earnings have gone up by 3.32% per year. This was slower than the Healthcare Plans industry average of 4.62%.
Last year, CI revenue was $217.94B. In the last five year, CI's revenue has gone up by 16.28% per year. This was faster than the Healthcare Plans industry average of 12.86%.
You can analyze CI's earnings and revenue performance here.
Are CI insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at CI have sold more shares than they have bought.
David J. Brailer, EVP Chief Health Officer of CI, was the latest CI insider to sell. They sold $104,753.80 worth of CI stock on Aug 30, 2024.
Dig into more about who owns CI stock here.
Does CI stock generate passive income?
Cigna Group pays a dividend of 1.59%, compared to the Healthcare Plans industry's average dividend yield of 1.95%. If you owned $1,000 worth of CI stock, you would have been paid $15.89 last year.
Cigna Group dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Cigna Group dividend yield and history here.
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Step 5: Make your CI buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Press the Open button and your broker will execute your order.
If you want additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in CI
Now that you own some CI stock, you'll want to stay up-to-date on your new investment.
Create a watchlist to monitor your CI stock.
CI Feed
How to Buy Stock in Cigna Group
To reiterate, here are the 6 steps to buy Cigna Group stock:
- Decide where to buy Cigna Group stock
- Create a brokerage account
- Put funds into your brokerage account
- Evaluate Cigna Group stock
- Make your CI buy order
- Get notifications regarding your investment in CI
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your new investment in Cigna Group, create a watchlist on WallStreetZen today.
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