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The Cigna Group - $CI STOCK NEWS

Welcome to our dedicated page for The Cigna Group news (Ticker: $CI), a resource for investors and traders seeking the latest updates and insights on The Cigna Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Cigna Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Cigna Group's position in the market.

Rhea-AI Summary

The Cigna Group reported strong first quarter 2024 results with $57.3 billion in total revenues, a net loss of $0.3 billion, adjusted income from operations of $1.9 billion, and raised their 2024 outlook to at least $28.40 per share. Shareholders experienced a net loss due to an investment loss related to VillageMD equity securities. Despite this, the company remains optimistic about its strong performance and growth trajectory.

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The Cigna Group releases a new report highlighting the increasing youth mental health crisis, detailing challenges parents face, and suggesting steps for employers to support workforce mental health. The report reveals a significant rise in young people with mental health conditions, inadequate treatment, and challenges faced by working parents in obtaining care for their children. Employers have an opportunity to enhance family mental health support and improve health outcomes. The Cigna Group also introduces a philanthropic program to address post-pandemic acute stress in youth mental health.
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Evernorth's announcement of the availability of a Humira biosimilar at $0 out of pocket for Accredo patients in June is set to save individual patients around $3,500 on average per year. The biosimilar will offer both high- and low-concentration options, providing cost-effective alternatives for patients.
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AM Best affirms the credit ratings of The Cigna Group and its subsidiaries, reflecting strong balance sheet strength, operating performance, and favorable business profile. The ratings are stable, indicating a positive outlook. Cigna's core U.S. health insurance entities show consistent cash flow, strong earnings, and robust capitalization. The organization's high goodwill/intangibles and debt management are notable. Cigna's commercial segment drives earnings, with positive growth expected in 2024. The sale of its Medicare business to Health Care Service is on track, enhancing Cigna's business profile. Overall, Cigna showcases a strong position in the health care market, supported by a diverse product portfolio and comprehensive ERM program.
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The Cigna Group (CI) declares a quarterly dividend of $1.40 per share, payable on June 20, 2024, to shareholders of record as of June 4, 2024.
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The Cigna Group, a global health company, will be presenting at the BofA Securities 2024 Health Care Conference on May 15, 2024. Brian Evanko, the executive vice president and chief financial officer, will be leading the presentation in Las Vegas, NV. Investors can access the live webcast on The Cigna Group's website.
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The Cigna Group (CI) will release its first quarter 2024 financial results on May 2, 2024. A conference call will follow to review the results. Participants can access the call via phone or webcast. Financial documents will be available on the company's website.
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The Cigna Group (NYSE: CI) has been recognized for excellence in employee health and well-being by the Business Group on Health, marking the 17th consecutive year of recognition. The company focuses on advancing employee well-being through comprehensive benefits and innovative initiatives, emphasizing the importance of a healthy and diverse workforce. Initiatives include virtual-first care solutions, Peloton-powered fitness programs, and enhanced physical office spaces.
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The Cigna Group (CI) raises its long-term average annual adjusted EPS growth target to 10%-14% and reaffirms its 2024 adjusted EPS guidance of at least $28.25. The company announces innovative solutions for health care challenges, including a financial guarantee for GLP-1s, mental health care access, and a $0 out-of-pocket cost Humira biosimilar for eligible patients.
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The Cigna Group (CI) will present at Barclays 26th Annual Global Healthcare Conference on March 12, 2024, in Miami, FL. Brian Evanko, the CFO, will lead the presentation at 4:05 p.m. ET. Investors can access a live webcast on The Cigna Group's Investor Relations website.
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The Cigna Group

NYSE:CI

CI Rankings

CI Stock Data

98.49B
290.97M
1.5%
89.85%
1.97%
Direct Health and Medical Insurance Carriers
Finance and Insurance
Link
United States of America
BLOOMFIELD

About CI

The Cigna Group is a global health services company. The Companys portfolio of offerings solves diverse challenges across the healthcare system. The Company offers a differentiated set of pharmacy, medical, behavioral, dental and supplemental products, and services, primarily through two platforms: Evernorth Health Services and Cigna Healthcare.