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The Cigna Group - CI STOCK NEWS

Welcome to our dedicated page for The Cigna Group news (Ticker: CI), a resource for investors and traders seeking the latest updates and insights on The Cigna Group stock.

The Cigna Group (NYSE: CI) is a global health services company dedicated to improving health outcomes and providing comprehensive healthcare solutions. The company operates primarily through two platforms: Evernorth Health Services and Cigna Healthcare. Cigna offers a diverse portfolio of pharmacy, medical, behavioral, dental, and supplemental products and services.

Pharmacy Benefit Management (PBM) and Health Insurance: Cigna's PBM services experienced significant growth following its 2018 merger with Express Scripts. The company's PBM and specialty pharmacy services are primarily sold to health insurance plans and employers, with notable contracts including the Department of Defense and insurer Centene. Cigna serves 18 million U.S. medical members as of December 2023, focusing on self-funded employer arrangements.

Recent Achievements: In 2024, Cigna repurchased $3.2 billion of common stock through accelerated stock repurchase agreements, reflecting strong business growth and commitment to shareholder value. The company is also addressing chronic conditions by introducing innovative solutions like EncircleRx, which offers financial guarantees for managing the cost of GLP-1s.

Partnerships and Community Engagement: Cigna partners with various organizations to enhance community health. This includes sponsoring the NFL's Vincent Country Safe Zone Activity Day, providing essential health screenings and eye exams for students, and participating in behavioral health initiatives through Evernorth Behavioral Care Group.

Financial Performance: Cigna reported strong first-quarter 2024 results, with adjusted income from operations of $1.9 billion, reflecting growth across its Evernorth and Cigna Healthcare businesses. The company also announced pricing terms for tender offers to manage its senior notes, aiming for significant savings for both patients and health plans through biosimilar initiatives.

Future Outlook: As of 2024, Cigna aims to achieve an adjusted EPS growth target of 10%-14% and has reaffirmed its 2024 adjusted EPS guidance of at least $28.25. The company continues to innovate and expand its healthcare offerings, focusing on affordability, access, and improved clinical outcomes.

News

AM Best Affirms Credit Ratings of The Cigna Group and Its Subsidiaries

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AM Best affirms the credit ratings of The Cigna Group and its subsidiaries, reflecting strong balance sheet strength, operating performance, and favorable business profile. The ratings are stable, indicating a positive outlook. Cigna's core U.S. health insurance entities show consistent cash flow, strong earnings, and robust capitalization. The organization's high goodwill/intangibles and debt management are notable. Cigna's commercial segment drives earnings, with positive growth expected in 2024. The sale of its Medicare business to Health Care Service is on track, enhancing Cigna's business profile. Overall, Cigna showcases a strong position in the health care market, supported by a diverse product portfolio and comprehensive ERM program.
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The Cigna Group Declares Quarterly Dividend

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The Cigna Group (CI) declares a quarterly dividend of $1.40 per share, payable on June 20, 2024, to shareholders of record as of June 4, 2024.
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The Cigna Group Announces Appearance at the BofA Securities 2024 Health Care Conference

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The Cigna Group, a global health company, will be presenting at the BofA Securities 2024 Health Care Conference on May 15, 2024. Brian Evanko, the executive vice president and chief financial officer, will be leading the presentation in Las Vegas, NV. Investors can access the live webcast on The Cigna Group's website.
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The Cigna Group's First Quarter 2024 Earnings Release Details

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The Cigna Group (CI) will release its first quarter 2024 financial results on May 2, 2024. A conference call will follow to review the results. Participants can access the call via phone or webcast. Financial documents will be available on the company's website.
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The Cigna Group Named Among Best Employers for Health and Well-Being

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The Cigna Group (NYSE: CI) has been recognized for excellence in employee health and well-being by the Business Group on Health, marking the 17th consecutive year of recognition. The company focuses on advancing employee well-being through comprehensive benefits and innovative initiatives, emphasizing the importance of a healthy and diverse workforce. Initiatives include virtual-first care solutions, Peloton-powered fitness programs, and enhanced physical office spaces.
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The Cigna Group Raises Long-Term Growth Target, and Launches New Innovative Solutions at 2024 Investor Day

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The Cigna Group (CI) raises its long-term average annual adjusted EPS growth target to 10%-14% and reaffirms its 2024 adjusted EPS guidance of at least $28.25. The company announces innovative solutions for health care challenges, including a financial guarantee for GLP-1s, mental health care access, and a $0 out-of-pocket cost Humira biosimilar for eligible patients.
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The Cigna Group Announces Appearance at Barclays 26th Annual Global Healthcare Conference

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The Cigna Group (CI) will present at Barclays 26th Annual Global Healthcare Conference on March 12, 2024, in Miami, FL. Brian Evanko, the CFO, will lead the presentation at 4:05 p.m. ET. Investors can access a live webcast on The Cigna Group's Investor Relations website.
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High Maximum Benefit Dental Insurance Sales Skyrocket

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DentalInsurance.com reports a significant increase of 122% in annual sales of high maximum benefit dental plans in 2023 compared to 2022. The average maximum benefit observed across their products was $1,893, with high maximum plans offering at least $2,500. The most generous limit on DentalInsurance.com was $10,000, while the lowest was $500. The surge in sales was attributed to the strategic decision to offer more plans with high maximum benefits to counter rising inflation post-COVID.
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The Cigna Group Announces Pricing Terms of Tender Offers

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Cigna Group (CI) announces pricing terms for its tender offers to purchase senior notes with specific details on Total Consideration, Early Tender Payment, and Tender Offer amounts. The offers include Any and All Tender Offer and Maximum Tender Offer, with detailed information on the securities, acceptance priority levels, and reference U.S. Treasury securities.
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The Cigna Group Announces Early Results of Tender Offers and Upsize of Maximum Tender Offer

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Cigna Group (CI) announces successful results of tender offers for various senior notes, with an increase in the Maximum Tender Offer Amount. The company will purchase validly tendered notes and has set specific acceptance priorities and proration factors for each series of securities.
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FAQ

What is the current stock price of The Cigna Group (CI)?

The current stock price of The Cigna Group (CI) is $276.92 as of December 20, 2024.

What is the market cap of The Cigna Group (CI)?

The market cap of The Cigna Group (CI) is approximately 78.0B.

What services does The Cigna Group offer?

The Cigna Group offers pharmacy, medical, behavioral, dental, and supplemental products and services through its Evernorth Health Services and Cigna Healthcare platforms.

What is Cigna's primary business focus?

Cigna primarily focuses on pharmacy benefit management and health insurance services, catering to health insurance plans and employers.

What are some recent achievements of The Cigna Group?

Recent achievements include a $3.2 billion stock repurchase, the launch of EncircleRx for managing GLP-1s costs, and strong financial results in the first quarter of 2024.

Who are Cigna's key partners?

Cigna partners with organizations like the NFL's Vincent Country, Centene, and provides services for the Department of Defense.

What are Cigna's future plans?

Cigna aims for an adjusted EPS growth target of 10%-14% and continues to innovate in healthcare, focusing on affordability, access, and improved clinical outcomes.

How does Cigna support community health?

Cigna supports community health through events like Vincent Country Safe Zone Activity Day, offering health screenings, eye exams, and other health services.

What is Cigna's role in pharmacy benefit management?

Cigna's PBM services, expanded through its merger with Express Scripts, are sold to health insurance plans and employers, including the Department of Defense and Centene.

What financial initiatives has Cigna undertaken recently?

Cigna has repurchased $3.2 billion of common stock through accelerated stock repurchase agreements and announced pricing terms for tender offers to manage senior notes.

What are some of Cigna's innovative healthcare solutions?

Innovative solutions include EncircleRx for managing GLP-1s costs and Evernorth Behavioral Care Group for expanding access to quality behavioral health therapy.

How many medical members does Cigna cover in the U.S.?

As of December 2023, Cigna covers 18 million medical members in the U.S.

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The Cigna Group

NYSE:CI

CI Rankings

#165 Ranked by Market Cap
#1396 Ranked by Dividends

CI Stock Data

77.97B
273.71M
1.59%
89.64%
1.29%
Healthcare Plans
Hospital & Medical Service Plans
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United States of America
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