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 $353.18, up 0.22% from the previous day, and has increased 37.91% in one year. It has overperformed other stocks in the Healthcare Plans industry by 0.34 percentage points. Cigna Group stock is currently +46.85% from its 52-week low of $240.50, and -3.43% from its 52-week high of $365.71.
There are currently 292.36M CI shares outstanding. The market cap of CI is $103.25B. In the last 24 hours, 1.14M 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 overvalued based on its P/E ratio of 20.1x, relative to Healthcare Plans industry P/E ratio of 18.68x
- CI may be undervalued based on its P/B ratio of 2.23x, relative to Healthcare Plans industry P/B ratio of 2.93x
- CI could be undervalued based on its PEG ratio of 0.48x
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 $11.81B allows it to safely service it's debt of $30.93B.
- Total CI debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- There are more long-term liabilities than short-term assets on the CI balance sheet.
- CI earnings of $6.75B is not enough to cover its interest payments.
- CI has a relatively high debt to equity ratio of 2.3.
- CI profit margin has gone down from 3.7% to 2.6% in the past year.
- There are more short-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 13 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 bottom 25% analyst from Barclays initiates coverage on CI with a strong buy rating and announces their CI price target of $393.00, on Mar 6, 2024.
Erin Wright, a top 4% analyst from Morgan Stanley reiterates CI with a strong buy rating and raises their CI price target from $382.00 to $392.00, on Mar 4, 2024.
Morgan Stanley's Erin Wright raised their price target on Cigna Group (NYSE: CI) by 2.6% from $382 to $392 on 2024/03/04. The analyst reiterated their Strong Buy rating on the stock.
Ahead of the company's 2024 Investor Day on 2024/03/07, Morgan Stanley bumped Cigna Group up to its Top Pick in Managed Care, replacing UnitedHealth, Wright told investors.
The analyst predicted that management's presentation would "further instill confidence in Cigna Group's long-term growth algorithm while underscoring the value proposition of its Evernorth segment and leading commercial insurance business."
Wright pointed out that the timing of the Investor Day is "advantageous" because it follows those of peers with larger Medicare Advantage exposure that are facing various levels of headwinds and disruptions.
Stephen Baxter, a top 36% analyst from Wells Fargo maintains CI with a hold rating and raises their CI price target from $334.00 to $348.00, on Feb 6, 2024.
Frank Morgan, a bottom 5% analyst from RBC Capital upgrades CI to a buy rating and raises their CI price target from $327.00 to $354.00, on Feb 5, 2024.
George Hill, a top 11% analyst from Deutsche Bank upgrades CI to a strong buy rating and raises their CI price target from $355.00 to $370.00, on Feb 1, 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 $5.16B. Over the last five year, CI's earnings have gone up by 10.45% per year. This was slower than the Healthcare Plans industry average of 12.31%.
Last year, CI revenue was $195.27B. In the last five year, CI's revenue has gone up by 32.04% per year. This was faster than the Healthcare Plans industry average of 14.58%.
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 Cordani, Chairman CEO of CI, was the latest CI insider to buy. They bought $1,080,486.42 worth of CI stock on Mar 26, 2024.
Dig into more about who owns CI stock here.
Does CI stock generate passive income?
Cigna Group pays a dividend of 1.44%, compared to the Healthcare Plans industry's average dividend yield of 1.77%. If you owned $1,000 worth of CI stock, you would have been paid $14.41 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.
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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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