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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

The Cigna Group's Fourth Quarter 2023 Earnings Release Details

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The Cigna Group (CI) will release its fourth quarter 2023 financial results on February 2, 2024, and will host a conference call the same day. The call-in numbers for the live call and replay, along with internet webcast details, are provided. Participants are suggested to dial in by 8:15 a.m. ET on February 2. The news release and financial supplement will be available on The Cigna Group's website.
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The Cigna Group Announces Appearance at the 42nd Annual J.P. Morgan Healthcare Conference

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The Cigna Group (CI) to Present at 42nd Annual J.P. Morgan Healthcare Conference on January 9, 2024
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The Cigna Group Foundation Commits $3.3 Million to Community Organizations in Support of Healthier Kids

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The Cigna Group Foundation (Cigna) (CI) is partnering with nearly 30 local nonprofits in 16 states to fight childhood hunger and support youth mental health. Cigna has committed nearly $3.3 million to reduce food insecurity and support youth mental health as part of its Healthier Kids For Our Future® initiative, which has awarded $25 million to nearly 150 nonprofits in the United States since 2019.
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The Cigna Group Recognized as Corporate Sustainability Industry Leader by Dow Jones Sustainability Indices for 7th Consecutive Year

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The Cigna Group (NYSE:CI) has been recognized by Dow Jones Sustainability Indices (DJSI) as a corporate sustainability industry leader for the seventh consecutive year. The company's ESG vision focuses on advancing better health for all and is organized under four connected pillars: Healthy Society, Healthy Workforce, Healthy Environment, and Healthy Company. The Cigna Group has made significant strides in expanding access to behavioral health care and advancing impactful work in each pillar.
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The Cigna Group Announces Significant Increase to Share Repurchase Program of $10 Billion

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The Cigna Group (NYSE: CI) plans to repurchase at least $5 billion of common stock by the end of the first half of 2024, with an aggregate increase of $10 billion in incremental share repurchase authorization. The company reaffirms its outlook for full-year 2023 and targets consolidated adjusted income from operations on a per share basis of at least $28 for full-year 2024.
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Express Scripts Introduces New Option To Give Clients Maximum Simplicity in Drug Pricing

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Express Scripts (NYSE: CI) introduces ClearNetworkSM, a new pharmacy network option providing 'cost-plus' pharmacy pricing for brand, generic, and specialty medications. The new model aims to simplify prescription drug pricing for employers, government organizations, and health plans, offering a transparent and seamless experience for clients and their members. Through ClearNetwork, clients pay an estimated acquisition cost for medications, plus a small markup for dispensing and service costs. This innovative approach reinforces Express Scripts' commitment to transparency and affordability, leveraging industry benchmarks to estimate drug acquisition costs and sharing a reasonable profit with participating pharmacies. The model is set to apply to all covered prescription drugs in early 2024, available at more than 65,000 retail pharmacies in the network.
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The Cigna Group Reports Strong Third Quarter 2023 Results, Raises 2023 Adjusted EPS, Revenue, and Cash Flow Outlook

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Global health company The Cigna Group reported strong Q3 results with total revenues of $49.0 billion and shareholders' net income of $1.4 billion. Adjusted income from operations was $2.0 billion. The company's 2023 outlook for adjusted income from operations increased to at least $24.75 per share.
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Vitality in America: Optimism Prevails Despite Declines in Health, Finances and Job Satisfaction

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Americans are feeling more optimistic despite increases in work stress and loneliness, according to the Vitality in America study by The Cigna Group. The study shows that overall vitality levels have plateaued, but optimism has increased. Key findings include high stress levels about finances and housing conditions, with 47% of adults looking forward to each new day. Healthy habits and health engagement are linked to higher vitality, and workers with high vitality are more satisfied with their jobs. Gen Z adults report the lowest levels of vitality, driven by poor mental health and stress about finances.
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The Cigna Group Declares Quarterly Dividend

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The Cigna Group declares cash dividend of $1.23 per share of common stock.
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The Cigna Group Announces Appearance at the 5th Annual Wolfe Research Healthcare Conference

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The Cigna Group's executive vice president and CFO, Brian Evanko, will be presenting at the 5th Annual Wolfe Research Healthcare Conference on November 14, 2023 in New York, NY. A live webcast of the presentation will be available on The Cigna Group's website.
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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
#1395 Ranked by Dividends

CI Stock Data

77.97B
273.71M
1.59%
89.64%
1.29%
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