Cigna Corporation (CI)

NYSE: CI · IEX Real-Time Price · USD
334.79
+1.23 (0.37%)
Jul 12, 2024, 4:00 PM EDT - Market closed
0.37%
Market Cap 95.11B
Revenue (ttm) 206.00B
Net Income (ttm) 3.62B
Shares Out 284.07M
EPS (ttm) 12.19
PE Ratio 27.46
Forward PE 11.19
Dividend $5.60 (1.67%)
Ex-Dividend Date Jun 4, 2024
Volume 571,777
Open 333.56
Previous Close 333.56
Day's Range 330.53 - 335.61
52-Week Range 253.95 - 365.71
Beta 0.53
Analysts Strong Buy
Price Target 380.06 (+13.52%)
Earnings Date Aug 1, 2024

About CI

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. The company’s Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, and other product... [Read more]

Sector Healthcare
Founded 1792
Employees 72,500
Stock Exchange NYSE
Ticker Symbol CI
Full Company Profile

Financial Performance

In 2023, Cigna's revenue was $195.27 billion, an increase of 8.17% compared to the previous year's $180.52 billion. Earnings were $5.16 billion, a decrease of -22.97%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for CI stock is "Strong Buy." The 12-month stock price forecast is $380.06, which is an increase of 13.52% from the latest price.

Price Target
$380.06
(13.52% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

FTC to sue drug middlemen over prices of medications including insulin

The Federal Trade Commission is planning to sue three large U.S. health companies over their practices as middlemen who negotiate prices for medications such as insulin, a source familiar with the mat...

Other symbols: CVSUNH
4 days ago - CNBC

FTC reportedly plans to sue the three largest pharmacy benefit managers over insulin prices

CNBC's Angelica Peebles joins 'Power Lunch' to discuss reports that the FTC is threatening to sue the three largest pharmacy benefit managers over insulin prices.

Other symbols: CVSUNH
4 days ago - CNBC Television

4 Cheap Stocks to Buy Ahead of Earnings

Cigna, Merck, Toll Brothers, Medtronic could see shares gain after proving their earnings growth remains strong.

Other symbols: MDTMRKTOL
5 days ago - Barrons

3 buys and a bail: Merck, Abbott, Cigna, and Zoom

Gina Sanchez, chief market strategist at Lido Advisors, joins CNBC's 'The Exchange' to discuss four stocks: Merck, Abbott, Cigna, and Zoom.

Other symbols: ABTMRKZM
5 days ago - CNBC Television

The Cigna Group Publishes 2023 ESG Report, Furthering Its Commitment to Advancing Better Health for All

Report highlights progress in each of the four pillars underpinning The Cigna Group's ESG framework: Healthy Society, Healthy Workforce, Healthy Environment, and Healthy Company BLOOMFIELD, Conn. , Ju...

5 days ago - PRNewsWire

The Cigna Group's Second Quarter 2024 Earnings Release Details

BLOOMFIELD, Conn. , July 3, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE:CI) will release its second quarter 2024 financial results on Thursday, August 1, 2024, and will host a con...

11 days ago - PRNewsWire

Cigna's Specialty Pharmacy Leadership Expected to Drive Long-Term EPS Growth, Analyst Says

Piper Sandler has initiated coverage on Cigna Corporation CI, a diversified managed care and healthcare delivery organization specializing in commercial insurance markets and pharmacy services.

18 days ago - Benzinga

Express Scripts by Evernorth Members Paid Less for Prescriptions in 2023 Despite Drug Price Increases

Members with employer-sponsored insurance saw about a 1% decrease in out-of-pocket costs for their prescription medicines last year, paying an average of $15.10 for a 30-day supply ST. LOUIS, Mo.

24 days ago - PRNewsWire

Zero Emission Line Haul Locomotives for $1.1 Million? OptiFuel Puts Renewable Fuel Credits to Smart Use for the Benefit of US Railroads

BEAUFORT, S.C.--(BUSINESS WIRE)--OptiFuel's Zero Emission Locomotives fueled by RNG = lower cost than diesel. Their pioneering Locomotive-as-a-Service (LAAS™) Program = affordability.

4 weeks ago - Business Wire

UnitedHealth hack impacted outpatient claims for Cigna - GS conference

Cigna's CFO Brian Evanko said the company's "outpatient dynamic" was impacted by the Change Healthcare hack which disrupted claims during the first quarter of 2024.

Other symbols: UNH
4 weeks ago - Reuters

OpsMill Transforms Infrastructure Automation with Beta Release of Open Source Infrahub

PARIS--(BUSINESS WIRE)--OpsMill, a pioneer in infrastructure and network automation, today announced the beta release of its open source Infrahub platform. Infrahub unifies previously disparate automa...

6 weeks ago - Business Wire

Express Scripts enhances strategies to support access to care at independent pharmacies

Based on guidance from its Independent Pharmacy Advisory Committee, Express Scripts will collaborate with CPESN  ®  USA through its IndependentRx initiative ST. LOUIS , May 23, 2024 /PRNewswire/ -- Ex...

7 weeks ago - PRNewsWire

The Cigna Group Announces Appearance at Goldman Sachs 45th Annual Global Healthcare Conference

BLOOMFIELD, Conn. , May 21, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE:CI) announced today that Brian Evanko, EVP and CFO of The Cigna Group, President and CEO of Cigna Healthcar...

7 weeks ago - PRNewsWire

The Cigna Group Ranks No. 7 in Fair360 Top 50 Companies

Overall ranking increased seven spots from 2023, reflecting the enterprise's actions to bolster the vitality of The Cigna Group's workforce and the communities it serves BLOOMFIELD, Conn. , May 14, 20...

2 months ago - PRNewsWire

Cigna's stock jumps 2.7% after earnings beat estimates and company raises guidance

Cigna Group's stock CI, +0.04% rose 2.7% early Thursday, after the healthcare and insurance company posted better-than-expected first-quarter earnings and raised its guidance. The company had a net lo...

2 months ago - Market Watch

Cigna sees strong annual profit on lower costs, pharmacy benefit strength

Health insurer Cigna Group raised its annual profit forecast on Thursday, as lower-than-expected medical costs and strength in its pharmacy benefit management unit helped it beat first-quarter earning...

2 months ago - Reuters

The Cigna Group Reports Strong First Quarter 2024 Results, Raises 2024 Outlook

Total revenues for the first quarter 2024 were $57.3 billion Shareholders' net loss for the first quarter 2024 was $0.3 billion, or $0.97 per share Adjusted income from operations1 for the first quart...

2 months ago - PRNewsWire

Cigna Suffers $300 Million Loss As VillageMD Clinic Investment Reels

The Cigna Group reported a $300 million first quarter loss as the company's Evernorth health services business grapples with the loss in value of its investment in doctor-staffed clinic operator Villa...

2 months ago - Forbes

New Report: Employers Play Critical Role in Curbing Today's Youth Mental Health Crisis

Declining youth mental health persists, and many young people receive fragmented care Managing a child's mental health needs significantly impacts working parents, both personally and professionally O...

2 months ago - PRNewsWire

Cigna to offer Humira rivals with $0 copay at specialty pharmacy

Cigna plans to make close copies of AbbVie's blockbuster arthritis drug Humira available with no out-of-pocket payment to eligible patients in the U.S. using its specialty pharmacy beginning in June, ...

2 months ago - Reuters

Evernorth announces Humira biosimilar available at $0 out of pocket for Accredo patients in June

High- and low-concentration interchangeable biosimilar will be available, estimated to save individual patients around $3,500 on average per year  Biosimilar price will be about 85% lower than Humira®...

2 months ago - PRNewsWire

The Cigna Group Declares Quarterly Dividend

BLOOMFIELD, Conn. , April 24, 2024 /PRNewswire/ -- The Board of Directors of The Cigna Group (NYSE: CI) today declared a cash dividend of $1.40 per share of its common stock, payable on June 20, 2024 ...

2 months ago - PRNewsWire

FTC looking to accelerate inquiry into prescription-drug middlemen, chair says

The Federal Trade Commission is working to accelerate its inquiry into the prescription-drug middlemen known as pharmacy-benefit managers, while also expanding its scrutiny of drug patents that can ke...

Other symbols: AMGNCVSSNYUNH
2 months ago - Market Watch

The Cigna Group Announces Appearance at the BofA Securities 2024 Health Care Conference

BLOOMFIELD, Conn. , April 23, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE:CI) announced today that Brian Evanko, executive vice president and chief financial officer, will present...

2 months ago - PRNewsWire

The Cigna Group Foundation Announces New Grant Program To Address Youth Mental Health Crisis

Grant application now open for nonprofits that aim to improve youth mental health  New multiyear philanthropic and community engagement initiative will also prioritize the mental health of veterans th...

3 months ago - PRNewsWire