Cigna Group Stock Price, News & Analysis

Cigna Corporation (NYSE: CI) announced that CFO Brian Evanko will present at the Wolfe Research Virtual Healthcare Conference on November 18, 2021, starting at approximately 11:35 a.m. ET. This presentation will be available live via webcast to investors and the public on the company's website. Cigna is a global health service company focused on providing access to integrated health solutions.

Cigna Corporation (NYSE: CI) has declared a cash dividend of $1.00 per share of common stock. This dividend is payable on December 22, 2021 to shareholders of record as of the close of business on December 7, 2021. The announcement reflects Cigna's commitment to returning value to shareholders while maintaining a strong cash position.

Cigna Health Plan announced on October 26, 2021, a significant expansion of access to virtual care services through its acquisition of MDLIVE. Starting January 2022, all employer-sponsored plan customers will have access to MDLIVE's network for various virtual care services, enhancing the patient experience. The integrated services include primary, dermatology, behavioral, and urgent care, with MDLIVE providers gaining secure access to patient health information. Cigna also plans to introduce $0 copay virtual-first health plans, making healthcare more accessible.

Cigna Corporation has expanded its Medicare Advantage network by incorporating Iora Primary Care providers in Maricopa County, Arizona, effective immediately. This addition allows customers in all Cigna MA plans to access Iora's 12 practices, enhancing care for adults over 65. Cigna has increased its provider network by over 25% in the last 18 months, with more than 80% of members in value-based care arrangements. Iora Health's focus on comprehensive care aligns with Cigna's goal of improving health outcomes and customer satisfaction.

Cigna Corporation (NYSE:CI) announced that CFO Brian Evanko will present at the Credit Suisse 30th Annual Healthcare Conference on November 9, 2021, via a virtual webcast. The presentation is set to begin at 8:50 a.m. ET, and participants can access it through Cigna's investor relations page. Cigna is dedicated to improving healthcare access and affordability through a range of integrated services and operates in over 30 countries, serving 190 million customer relationships worldwide.

Cigna is expanding its Medicare business into Portland, offering Medicare Advantage (MA) plans in Clackamas, Multnomah, Washington counties in Oregon, and Clark County in Washington. These plans include benefits like vision, dental, and hearing coverage, available at a $0 premium. The HMO plan features unique support for daily living activities, while the PPO provides out-of-network services at higher costs. Enrollment starts during the Annual Election Period from Oct. 15 to Dec. 7, effective Jan. 1, 2022.

Cigna Corporation (NYSE: CI) will announce its third quarter 2021 financial results on November 4, 2021, at 6:30 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss these results. Participants are encouraged to call in by 8:15 a.m. ET. The call will be accessible via a live Internet webcast and will also be available for replay. Cigna continues to enhance its healthcare services and maintain a global presence with over 190 million customer relationships.

AM Best has placed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of 'a' (Excellent) of Cigna Life Insurance New Zealand Limited (CLINZ) under review with positive implications. This follows Cigna Corporation's announcement on October 7, 2021, regarding the sale of its life and supplemental benefits businesses to Chubb Limited for USD 5.75 billion. The review will assess the impact of this acquisition, including potential changes in ratings and support from the new parent company, Chubb.

AM Best has affirmed Cigna's Long-Term Issuer Credit Rating at 'bbb' and its Long- and Short-Term Issue Ratings following the announcement of Cigna's sale of its life, accident, and supplemental benefits business to Chubb Limited for $5.75 billion. This transaction involves operations in seven countries, contributing about $3 billion in premium revenue, and is expected to close in Q2 2022, pending regulatory approvals. Proceeds will be used for general corporate purposes, including share repurchases.