What's Going On With Cigna Stock Today?

The Cigna Group CI shares are trading lower on Tuesday. The stock has been falling since the company reported third-quarter earnings last week.
 

What To Know: Cigna reported third-quarter financial results on Nov. 2 before the open of the market. The company reported quarterly earnings of $6.77 per share which beat the analyst consensus estimate, a 12.09% increase over earnings of $6.04 per share from the same period last year.

Sales clocked in at $49.08 billion, exceeding the analyst consensus estimate of $48.20 billion by 1.82 percent, marking a 8.20% increase over sales of $45.36 billion the same period last year.

Cigna issued full-year earnings guidance of at least $24.75 per share, versus previous guidance of $24.70 and consensus of $24.82. Full-year revenue is anticipated to be at least $192 billion, versus the consensus of between $191.86 billion and $190 billion

While Cigna stock did experience a boost from the earnings report on Nov. 2, the stock has been sliding over the past several days.

Additionally, two analysts raised their price targets on the stock since the company reported. On Nov. 3, Cantor Fitzgerald analyst Sarah James maintained Cigna Group with a Neutral and raised the price target from $310 to $334 and RBC Capital analyst Ben Hendrix maintained the stock with a Sector Perform and raised the price target from $300 to $327.

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CI Price Action: Shares of CI were down 4.36% at $293.45 at the time of publication, according to Benzinga Pro.

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