Profile
Sector:
HealthcareIndustry:
Healthcare PlansCountry:
United StatesIPO:
31 March 1982Website:
http://www.cigna.comNext earnings report:
31 January 2025Last dividends:
04 September 2024Next dividends:
04 December 2024Price
after hours | Sat, 16 Nov 2024 00:22:44 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
CI Latest News
The healthcare company has put an end to the rumors about a merger.
The Cigna Group has stated that it is not looking to merge with Humana.
Cigna, a US health insurer, has wisely decided to abandon its plans to merge with competitor Humana, based on today's market response. The idea of the merger, which would have formed a massive $140 billion insurance company, started spreading last December, but concerns about the deal soon emerged.
The Cigna Group has confirmed its outlook for the full year of 2024, expecting at least a 10% growth in earnings per share for 2025. They also stated that they are not looking to merge with Humana Inc. Additionally, Cigna plans to continue using its capital to enhance shareholder value through share buybacks and dividends.
Cigna Group's results for the third quarter of 2024 demonstrated significant growth in both revenue and earnings. However, CI shares have dropped nearly 20% from their highest point in the past year. In this article, I will explore why CI stock is still attractively valued, share my thoughts on a potential merger with Humana, and discuss why I think the worries surrounding it are probably not justified.
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Infirmary Health's hospitals, services, and doctors along Alabama's Gulf Coast are now part of the network for Cigna Healthcare's Medicare Advantage customers. This agreement, announced on November 1, 2024, allows Cigna's MA customers to access Infirmary Health's resources.
The main figures for Cigna (CI) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.
CI's impressive results for the third quarter are largely due to the success of the Evernorth Health Services division. However, increased costs have somewhat balanced out these positive outcomes.
Cigna (CI) reported quarterly earnings of $7.51 per share, which is higher than the Zacks Consensus Estimate of $7.22 per share. This is an increase compared to earnings of $6.77 per share from the same period last year.
What type of business is Cigna?
Cigna Corporation is one of the largest healthcare organizations in America. Integrated Medical offers employer-sponsored health insurance for employees, Medicare for the elderly, and individual insurance offerings for non-retirees. Health Services provides clinical solutions, medication delivery services, pharmacy network management services, pharmacy benefit management services, and more. International Markets products and services include comprehensive medical insurance for hospitalization, dental care, critical illnesses, accidents, and more. Group Disability includes providing medical insurance products for clients with long-term and short-term disabilities, as well as life insurance products. Other operations include corporate life insurance, annuity business, and more.
What sector is Cigna in?
Cigna is in the Healthcare sector
What industry is Cigna in?
Cigna is in the Healthcare Plans industry
What country is Cigna from?
Cigna is headquartered in United States
When did Cigna go public?
Cigna initial public offering (IPO) was on 31 March 1982
What is Cigna website?
https://www.cigna.com
Is Cigna in the S&P 500?
Yes, Cigna is included in the S&P 500 index
Is Cigna in the NASDAQ 100?
No, Cigna is not included in the NASDAQ 100 index
Is Cigna in the Dow Jones?
No, Cigna is not included in the Dow Jones index
When was Cigna the previous earnings report?
No data
When does Cigna earnings report?
The next expected earnings date for Cigna is 31 January 2025