Cigna Group Intrinsic Stock Value – CIGNA GROUP Reports Strong Second Quarter Earnings for FY2023
August 9, 2023
☀️Earnings Overview
CIGNA GROUP ($NYSE:CI) revealed its financial results for the second quarter of FY2023 (ending June 30, 2023) on August 3, 2023. Revenue for the period amounted to USD 48.6 billion, an increase of 7.1% from the same quarter of the previous fiscal year. Net income for the quarter, however, decreased by 6.4%, reaching USD 1.5 billion.
Stock Price
The announcement saw CIGNA GROUP’s stock opening at $292.6 and closing at $287.6, which was a decrease of 3.9 percent from the previous closing price of $299.4. The firm’s strong performance was attributed to increased premium income, improved investment yields, and effective cost management measures. CIGNA GROUP’s strong second quarter earnings further reinforced their position as a major player in the health insurance industry. The company’s ability to increase profits while paying out higher dividends is also a plus point for investors looking for a stable and reliable long-term investment option. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cigna Group. More…
| Total Revenues | Net Income | Net Margin |
| 186k | 6.64k | 2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cigna Group. More…
| Operations | Investing | Financing |
| 12.9k | 433 | -8.62k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cigna Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 150.05k | 104.53k | 153.69 |
Key Ratios Snapshot
Some of the financial key ratios for Cigna Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | – | 5.2% |
| FCF Margin | ROE | ROA |
| 6.1% | 13.4% | 4.0% |
Analysis – Cigna Group Intrinsic Stock Value
We recently conducted an analysis of CIGNA GROUP‘s fundamentals, at GoodWhale. Our proprietary Valuation Line gave us an intrinsic value of $287.2 for their share. This means that CIGNA GROUP is currently trading at a fair price of $287.6. We believe this is a good time to invest in CIGNA GROUP’s stock for medium-term investors, as the current price matches the intrinsic value. More…
Peers
Cigna Corp is a large health insurance company that provides a variety of health insurance products and services to its customers. The company competes with other health insurance companies, such as Oscar Health Inc, Humana Inc, and Molina Healthcare Inc.
– Oscar Health Inc ($NYSE:OSCR)
Oscar Health Inc is a health insurance company that offers individual and family plans on and off the health insurance exchanges. The company was founded in 2012 and is headquartered in New York City. As of 2022, Oscar Health Inc has a market cap of 787.25M and a Return on Equity of -28.44%. The company offers a wide variety of health insurance plans, including HMOs, PPOs, and EPOs. Oscar also offers a wide range of ancillary products, such as dental, vision, and life insurance.
– Humana Inc ($NYSE:HUM)
Humana Inc has a market cap of 63.12B as of 2022, a Return on Equity of 17.4%. The company operates in the healthcare sector and is one of the largest healthcare insurance companies in the United States. Humana offers a wide range of health insurance products and services to individuals, families, and businesses. The company has a strong focus on providing quality healthcare and improving the health and well-being of its members. Humana’s mission is to help people achieve their best health and to make healthcare more affordable and accessible. The company’s competitive advantages include its size, scale, geographic reach, and diversified product portfolio. Humana is well-positioned to continue its growth and to help its members live healthier lives.
– Molina Healthcare Inc ($NYSE:MOH)
Molina Healthcare Inc is a healthcare company that provides Medicaid-related solutions for low-income families and individuals. As of 2022, it has a market capitalization of 20.48 billion dollars and a return on equity of 24.89%. The company has a long history of providing quality healthcare services to its customers and is dedicated to improving the lives of its clients. It is headquartered in Long Beach, California.
Summary
Investors in CIGNA GROUP experienced a rollercoaster ride on August 3, 2023, when the company released its second quarter earnings. The total revenue of USD 48.6 billion represented a 7.1% increase year-over-year, but reported net income decreased by 6.4% to USD 1.5 billion. Consequently, the stock price moved down the same day. It is important for investors to make sure to conduct their own due diligence before investing in CIGNA GROUP, and to pay close attention to the company’s financial performance and outlook moving forward.
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