A few years ago, when Virta Health founder and CEO Sami Inkinen approached employers about leveraging the company's nutrition-oriented digital diabetes program for obesity-related weight loss, most companies weren't ready to commit. Now, more employers are all in on nutritional counseling and coaching as they grapple with rising costs for diabetes and weight loss drugs like Novo Nordisk's Ozempic and Wegovy and Eli Lilly's Mounjaro and Zepbound. "Our goal is not to drive the maximum number of GLP-1 prescrip ...

BLOOMFIELD, Conn., Jan. 8, 2025 /PRNewswire/ -- The Cigna Group Foundation announced today 22 recipients for the first year of its new grant program that aims to improve veteran mental health with a focus on housing stability. Through this initiative, The Cigna Group Foundation, the philanthropic arm of The Cigna Group (NYSE: CI), is allocating $9 million over the next three years as part of its continuing focus on veteran well-being. Volunteers from The Cigna Group install a fence with Veterans Communit ...

Shares of The Cigna Group (CI) have plunged 18.7% in the past three months, underperforming the industry’s decline of 12%. Peers like Centene Corporation (CNC) and Humana Inc. (HUM) have lost 12.1% and gained 8.7%, respectively, over the same time frame.The S&P 500 Composite has returned 4.8% over the same period, highlighting a divergence in performance. The stock is currently trading below its 50-day and 200-day moving average, signaling potential downward momentum.CI's 3-Month Price Performance Compariso ...

The health insurance industry has received a lot of backlash over its managed care practices that bog down providers with pre-authorizations and rampant medical claim denials. The rise in medical benefits ratios (MBRs) driven by Medicare Advantage plans have squeezed margins for major health insurance providers like Humana Inc. NYSE: HUM, UnitedHealth Group Inc. NYSE: UNH, and CVS Health Co. NYSE: CVS. However, one major insurer saw the writing on the wall early on and divested its Medicare Advantage busine ...

Cigna (CI) shares ended the last trading session 6.3% higher at $282.41. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 17.7% loss over the past four weeks.Cigna’s recent price movement stems from recovering investor confidence in the prospects of the company after an overreaction by investors to the new resolution targeting pharmacy benefit managers. These provisions were initially feared to impose stringent regu ...

It's often said that death and taxes are the only two certainties in life. However, I'd add another: In the stock market, volatility is a fact of life. That is because it's important to remember thatThis article was co-produced with Kody Kester.Introducing iREIT®Join iREIT® on Alpha today to get the most in-depth research that includes REITs, mREIT, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers. Our iREIT® Tracker provides data on over 250 tickers with our quality scores, buy targets, and trim ...

UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Shares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients could force changes to their business models.The declining stocks include UnitedHealth Group, Cigna and CVS Health, which operate three of the nation's largest private health insurers and drug supply chain middlemen called pharmacy benefit managers, or PBMs. They also own pharmacy busine ...

The Cigna Group (CI) continues to be aided by solid pharmacy revenues, a sound medical customer base, acquisitions and a robust financial position. A solid 2024 guidance acts as an additional tailwind for the company. CI’s Zacks Rank & Price PerformanceCigna carries a Zacks Rank #3 (Hold) at present. The stock has gained 17.1% in the past year compared with the industry’s 6.9% growth. Image Source: Zacks Investment Research Cigna’s Favorable Style ScoreCI is well-poised for progress, as evidenced by its imp ...

New grant program to support 15 nonprofits focused on addressing health disparities in Hartford, CT, and Houston, TXBLOOMFIELD, Conn., Nov. 26, 2024 /PRNewswire/ -- The Cigna Group Foundation, the philanthropic arm of The Cigna Group (NYSE: CI), announced today the first round of grant recipients – comprised of 15 nonprofits across Hartford, CT, and Houston, TX – for The Cigna Group Health Equity Impact Fund. Through this new program, The Cigna Group Foundation will allocate $9 million to nonprofit organiza ...

Shares of The Cigna Group (CI) jumped 7.3% yesterday after it clarified in a press release that it's not pursuing a merger with Humana Inc. (HUM) . Recent speculation suggested a possible merger deal due to a potentially more business-friendly environment following the presidential election.However, Cigna put these rumors to rest, clarifying that its M&A criteria includes only acquisitions that are strategically aligned, financially attractive and have a high likelihood of closing. The stock price jump indi ...