Cigna(CI)
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Cigna(CI) - 2024 Q3 - Quarterly Results
2024-10-31 10:15
Exhibit 99.1 Press Release INVESTOR RELATIONS CONTACT: Ralph Giacobbe 860-787-7968 Ralph.Giacobbe@TheCignaGroup.com MEDIA CONTACT: Justine Sessions 860-810-6523 Justine.Sessions@Evernorth.com The Cigna Group Reports Strong Third Quarter 2024 Results, Reaffirms 2024 Adjusted EPS Outlook • Total revenues for the third quarter 2024 increased 30% to $63.7 billion • Shareholders' net income for the third quarter 2024 was $0.7 billion, or $2.63 per share • Adjusted income from operations1 for the third quarter 20 ...
The Cigna Group Reports Strong Third Quarter 2024 Results, Reaffirms 2024 Adjusted EPS Outlook
Prnewswire· 2024-10-31 10:00
Total revenues for the third quarter 2024 increased 30% to $63.7 billion Shareholders' net income for the third quarter 2024 was $0.7 billion, or $2.63 per share Adjusted income from operations1 for the third quarter 2024 was $2.1 billion, or $7.51 per share Reaffirms 2024 outlook2 for adjusted income from operations1,2 of at least $28.40 per share BLOOMFIELD, Conn., Oct. 31, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE: CI) today reported strong third quarter 2024 results demonstrating ...
Cigna Turns $739 Million Profit Despite $1 Billion Loss On VillageMD
Forbes· 2024-10-31 10:00
The Cigna Group reported a $700 million third quarter profit as the company's Evernorth health ... [+] services business deals with a $1 billion loss in value of its investment in doctor-staffed clinic operator VillageMD. Walgreens Boots Alliance The Cigna Group reported a $739 million third quarter profit despite a $1 billion loss on its investment in clinic operator VillageMD. On Thursday, Cigna reported a "non-cash investment loss" of $1 billion, or $3.69 per share, "related to VillageMD." That negativel ...
Cigna Considers Humana Acquisition – What It Means for the Stocks
MarketBeat· 2024-10-29 12:00
There has been speculation of a massive merger in the medical sector between two massive health insurers. Specifically, the rumor is The Cigna Group NYSE: CI is interested in acquiring Humana Inc. NYSE: HUM. The conjecture caused both stocks to react, as Cigna stock fell 10% as the rumored surfaced on Oct. 18, 2024, and Humana stock remained relatively flat. Based on the reactions, the market doesn't see this as a favorable merger, and for good reason. While there are many potential synergies in a merger, a ...
Countdown to Cigna (CI) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-10-28 14:21
In its upcoming report, Cigna (CI) is predicted by Wall Street analysts to post quarterly earnings of $7.22 per share, reflecting an increase of 6.7% compared to the same period last year. Revenues are forecasted to be $59.84 billion, representing a year-over-year increase of 21.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a com ...
Why Cigna Group Stock Got Mashed on Monday
The Motley Fool· 2024-10-21 21:57
A media report stated that the company is determined to grow with a major merger deal. Cigna Group (CI -4.69%) stock reacted to news that the large health insurer is reigniting its pursuit of a rival. Unfortunately for the company's shareholders, that reaction was largely negative, and the shares closed the trading day nearly 5% lower in price. That fall was far steeper than the 0.2% slide of the bellwether S&P 500 index. Back to the altar? In an article published after market close last Friday, Bloomberg w ...
Cigna, Humana Merger Discussions Reportedly Revived
Investopedia· 2024-10-21 14:45
Key TakeawaysDiscussions over Cigna's possible purchase of Humana reportedly have resumed after the two health insurers failed to strike a deal last year.Bloomberg said the talks are in their early stages.Humana has struggled lately as Medicare changes negatively impact results, while Cigna is selling its Medicare business to HCSC. Humana (HUM) shares edged higher Monday morning on a report that The Cigna Group (CI) has resumed discussions to buy its smaller health insurance rival after negotiations fell ap ...
Cigna Healthcare Commits $600,000 To Reduce Food Insecurity Among Seniors
Prnewswire· 2024-10-21 10:00
54 community-based organizations receive funds to support the dietary needs of older adultsBLOOMFIELD, Conn., Oct. 21, 2024 /PRNewswire/ -- Cigna Healthcare, the health benefits division of The Cigna Group (NYSE: CI), is investing $600,000 in community-based organizations this fall to address food insecurity among older Americans. Collectively, the funds are expected to impact more than 1.4 million people in need."Food insecurity continues to be a major challenge for seniors in our country, and that can con ...
Cigna Breaks Below 200-Day Moving Average
Forbes· 2024-10-18 20:10
In trading on Friday, shares of The Cigna Group crossed below their 200 day moving average of $340.21, changing hands as low as $338.60 per share. The Cigna Group shares are currently trading off about 3.8% on the day. Start slideshow: 10 Stocks Crossing Below Their 200 Day Moving Average » The chart below shows the one year performance of CI shares, versus its 200 day moving average: CI tickertech Looking at the chart above, CI's low point in its 52 week range is $253.95 per share, with $370.825 as the 52 ...
4 HMO Stocks to Watch Despite Continued Industry Headwinds
ZACKS· 2024-10-17 15:25
The U.S. health insurance industry, referred to as Health Maintenance Organization ("HMO"), is expected to benefit from rising premiums that it earns by offering affordable health insurance plans and result in membership growth, with Medicare demand expected to rise as the U.S. population ages. Active merger and acquisition ("M&A") moves, supported by potential interest rate cuts, help HMOs expand regionally and diversify. Investment in telehealth platforms is critical as digital healthcare demand increases ...