STOCK TITAN
  1. Home
  2. News
  3. CI

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

The Cigna Group Announces $3.2 Billion Accelerated Stock Repurchase

Rhea-AI Summary
The Cigna Group (CI) announces a $3.2 billion accelerated stock repurchase program with Deutsche Bank AG and Bank of America, N.A., aiming to repurchase $5 billion of common stock by the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
buyback
-
News

Cigna Healthcare and HelloFresh Team Up To Expand Access to Affordable, Healthy Meal Choices

Rhea-AI Summary
Cigna Healthcare partners with HelloFresh to offer discounted meal kits to 12 million customers, focusing on combatting food insecurity. The collaboration aims to support employee health and well-being, providing fresh, affordable meals and free kits to communities in need.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
none
-
News

SEVENTH ANNUAL "VINCENT COUNTRY SAFE ZONE ACTIVITY DAY" THEMED DREAM BIGGER, ACHIEVE GREATER HELD AT MATT KELLY ELEMENTARY DURING SUPER BOWL LVIII WEEK IN LAS VEGAS, NV

Rhea-AI Summary
Cigna Healthcare and Zebra Technologies sponsored Vincent Country Safe Zone Activity Day, providing free biometric health and skin cancer screenings, eye exams, and glasses to students and school staff. The event also featured NFL and Nickelodeon figures, flag football games, and a mural sponsored by Zebra Technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
none
News

The Cigna Group Named No. 6 Among Best Corporate Citizens by JUST Capital and CNBC

Rhea-AI Summary
The Cigna Group (CI) ranks #6 in America for corporate citizenship, leading the health care industry for the second consecutive year. Underpinned by four pillars, the company focuses on improving society, workforce, company, and environment. The company's efforts include increasing behavioral health specialists, addressing food insecurity, expanding health plans, and reducing environmental impact.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
-
News

The Cigna Group Announces Commencement of Tender Offers for up to $2.25 Billion in Aggregate Principal Amount of Outstanding Notes

Rhea-AI Summary
Cigna Group (CI) has commenced tender offers to purchase for cash any and all of its 3.50% Senior Notes due 2024 and Evernorth Health, Inc.'s 3.50% Senior Notes due 2024, as well as up to $1,250,000,000 aggregate principal amount of various senior notes due 2025, 2026, 2027, and 2030. The tender offers will expire on March 5, 2024, and the company's obligation to accept for purchase and pay for the securities is subject to certain conditions. J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC are the Dealer Managers for the Tender Offers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
-
News

AM Best Comments on Health Care Service Corporation’s Planned Acquisition of The Cigna Group’s Medicare Business

Rhea-AI Summary
AM Best has announced that the Credit Ratings of Health Care Service Corporation and its subsidiaries remain unchanged following its agreement to acquire all of The Cigna Group's Medicare Advantage, Medicare Part D, Medicare Supplement, and CareAllies businesses. The transaction is expected to expand HCSC's geographic diversification and provide additional scale and capabilities to its Medicare Advantage business. The acquisition is projected to have a limited impact on HCSC's overall balance sheet metrics, and financial leverage is expected to remain within AM Best's tolerances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
Tags
acquisition
News

The Cigna Group Reports Strong Fourth Quarter and Full Year 2023 Results, Raises 2024 Adjusted EPS Outlook, and Increases Dividend

Rhea-AI Summary
Global health company The Cigna Group (NYSE: CI) reported total revenues of $195.3 billion and shareholders' net income of $5.2 billion for 2023. The company also declared a 14% increase in the quarterly dividend to $1.40 per share. Cigna Group's adjusted income from operations for 2023 was $7.4 billion, with a projected 2024 adjusted income from operations of at least $8.025 billion. The company experienced strong growth in total revenues and earnings across its diversified portfolio of businesses, with a focus on improving value, affordability, and clinical outcomes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
Tags
dividends earnings
-
News

The Cigna Group to Host Investor Day in New York City on March 7

Rhea-AI Summary
The Cigna Group (CI) will host its Investor Day on March 7, 2024, in New York City. The event will feature in-depth presentations on corporate strategy and financial targets, with a live webcast available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
conferences
-
News

The Cigna Group to Sell Medicare Businesses and CareAllies to Health Care Service Corporation (HCSC)

Rhea-AI Summary
The Cigna Group has entered into an agreement with HCSC for the acquisition of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses for $3.7 billion. The transaction is expected to close in Q1 2025 and will be accretive to The Cigna Group's adjusted EPS1 in 2025. The Cigna Group reaffirmed its 2024 outlook and long-term adjusted EPS1 growth target of 10-13%, showing a commitment to growth and investment in its services platform. The transaction further aligns with The Cigna Group's disciplined approach to portfolio management and resource allocation. The company will provide updated guidance with its fourth-quarter earnings release on February 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
News

The Cigna Group announces leadership changes to continue driving growth

Rhea-AI Summary
The Cigna Group (NYSE: CI) announced leadership changes, with Brian Evanko taking on the role of President and CEO of Cigna Healthcare, Ann Dennison as Deputy Chief Financial Officer, Mike Triplett retiring, and Bryan Holgerson being promoted to President of U.S. Commercial for Cigna Healthcare. Eric Palmer will assume an expanded role leading enterprise strategy and corporate development, while continuing as President and CEO of Evernorth Health Services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
Tags
management

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.

Stock CI logo
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
Link
United States of America
BLOOMFIELD