Cigna (CI) Stock

Cigna's shares fell on Thursday. Although the company's Q4 revenue of $65.65 billion exceeded Wall Street's prediction of $63.44 billion, higher medical expenses caused a larger-than-expected drop in earnings per share (EPS). Cigna reported $6.64 per share, while analysts had anticipated $7.82.

Cigna's shares (CI -7.49%) were falling on Thursday. By 1:20 p.m., the stock had decreased by 8.4%.

CI's results for the fourth quarter show a drop in the number of customers for Individual and Family Plans. The management anticipates that the adjusted earnings per share for 2025 will be at least $29.50, suggesting a growth of at least 7.9% compared to the 2024 numbers.

Cigna (CI) reported quarterly earnings of $6.64 per share, which is lower than the Zacks Consensus Estimate of $7.83 per share. This is also a decrease from the earnings of $6.79 per share from the same period last year.

On Thursday, Cigna predicted that its yearly profit would be lower than what Wall Street expected and did not meet estimates for the fourth quarter. This was due to increased medical expenses related to a specific type of employer-sponsored health plan.

In 2024, total revenues rose by 27% to reach $247.1 billion, with shareholders earning a net income of $3.4 billion, or $12.12 per share. The adjusted income from operations for 2024 was $7.7 billion, translating to $27.33 per share, and it is expected to increase to at least $7.9 billion in 2025. Additionally, the Board of Directors announced an 8% rise in the quarterly dividend to $1.51 per share and approved an increase in share repurchase authorization to $10.3 billion.

Evernorth Health, a division of Cigna, announced on Wednesday that it will implement various measures to reduce the out-of-pocket expenses for patients purchasing prescription drugs at its pharmacies.

The goal of these actions is to reduce the costs that patients have to pay themselves. They also aim to increase transparency for both patients and the providers of their benefits. Evernorth Health Services, part of The Cigna Group, has announced new measures to enhance affordability and clarity regarding pharmacy benefits.

Cigna Healthcare and Providence are increasing their network in Los Angeles County, providing customers with more healthcare choices. This partnership allows Cigna Healthcare Select HMO customers to access nearly 2,000 providers and specialists at various facilities, making affordable in-network care more accessible. As a result, customers will enjoy greater flexibility in their healthcare options.