The healthcare company put merger rumors to bed.Shares of Cigna Group (CI 7.62%), the healthcare company, were rising today after the company announced in a press release that it's not pursuing a merger with one of its competitors, Humana.Cigna's share price was up by 7.7% as of 1:15 p.m. ET.Putting Humana merger speculation to restCigna stated clearly in its release today that it is "not pursuing a combination with Humana." Investors had been wondering if the two companies might merge, and the recent presi ...

The Cigna Group headquarters in Bloomfield, Connecticut, US, on Friday, Oct. 27, 2023. Photographer: ... [+] Joe Buglewicz/Bloomberg© 2023 Bloomberg Finance LPThe Cigna Group confirmed “it is not pursuing a combination with Humana.”Despite speculation in certain media outlets, including the Wall Street Journal, such a deal really made little sense, especially given Cigna’s move to get out of the Medicare business. Cigna is nearing completion of the $3.3 billion sale of its Medicare business to Health Care S ...

Reaffirming Previously Provided Outlook for Full-Year 2024, and adjusted EPS growth of at least 10% in 2025 Confirming it is not Pursuing a Combination with Humana Inc. Confirming Continuing to Use Capital to Drive Shareholder Value, including Share Repurchase and DividendsBLOOMFIELD, Conn., Nov. 11, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE: CI) officials expect to participate in meetings with investors and analysts over the next several weeks. During these meetings, The Cigna Group ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CI, ELV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considered investmen ...

Infirmary's hospitals, facilities and doctors on Alabama's Gulf Coast are now in-network for Cigna Healthcare MA customersMOBILE, Ala., Nov. 1, 2024 /PRNewswire/ -- Cigna Healthcare and Mobile-based Infirmary Health have reached an agreement that allows Cigna Healthcare's Medicare Advantage (MA) customers to have in-network access to Infirmary Health's hospitals, facilities and doctors.The agreement includes value-based aspects that are focused on improving customer health, lowering costs and achieving high ...

For the quarter ended September 2024, Cigna (CI) reported revenue of $63.7 billion, up 29.8% over the same period last year. EPS came in at $7.51, compared to $6.77 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $59.83 billion, representing a surprise of +6.46%. The company delivered an EPS surprise of +4.02%, with the consensus EPS estimate being $7.22.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001 ...

The Cigna Group (NYSE:CI) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Ralph Giacobbe - Senior Vice President of Investor Relations David Cordani - Chairman and Chief Executive Officer Brian Evanko - Chief Financial Officer and President and Chief Executive Officer, Cigna Healthcare Eric Palmer - President and Chief Executive Officer, Evernorth Health Services Conference Call Participants AJ Rice - UBS Justin Lake - Wolfe Research Ryan Langston - TD Cowen Lisa Gill - JPM ...

The Cigna Group (CI) reported third-quarter 2024 adjusted earnings per share (EPS) of $7.51, which beat the Zacks Consensus Estimate by 4%. The bottom line improved 10.9% year over year.Adjusted revenues were $63.7 billion, which climbed 29.8% year over year on the back of large client wins in the Evernorth Health Services segment. The top line outpaced the consensus mark by 6.5%.The strong quarterly results were driven by growth in the Specialty and Care Services businesses within the Evernorth Health Serv ...

Cigna (CI) came out with quarterly earnings of $7.51 per share, beating the Zacks Consensus Estimate of $7.22 per share. This compares to earnings of $6.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.02%. A quarter ago, it was expected that this health insurer would post earnings of $6.42 per share when it actually produced earnings of $6.72, delivering a surprise of 4.67%. Over the last four quarters, the company has s ...