Cigna Group Stock Price, News & Analysis

Cigna Corporation (NYSE: CI) reported second quarter 2021 results with total revenues of $43.1 billion and net income of $1.5 billion, yielding $4.25 per share. Adjusted income from operations was $1.8 billion ($5.24 per share). Year-to-date, Cigna repurchased 18 million shares for $4.1 billion. Full year 2021 adjusted revenues are projected at at least $170 billion and adjusted income from operations at at least $6.96 billion ($20.20 per share), despite estimated COVID-19 impacts. Customer relationships increased to 191,111 thousand.

Cigna Corporation (NYSE:CI) has announced significant changes to its Board of Directors, effective September 1, 2021. Isaiah Harris, Jr. will retire at the end of the year after serving as Chair since 2009. Neesha Hathi, currently Chief Digital Officer at Charles Schwab, will join the Board as an independent director. Additionally, David M. Cordani, currently CEO, will take on the role of Chair of the Board beginning January 1, 2022, while Eric Wiseman will serve as Lead Independent Director. These leadership changes aim to enhance Cigna's strategic direction and innovation.

The Board of Directors of Cigna Corporation (NYSE: CI) has declared a cash dividend of $1.00 per share of common stock. This dividend is payable on September 23, 2021, to shareholders on record as of the close of business on September 8, 2021.

Cigna continues to demonstrate commitment to shareholder value through consistent dividend payments.

Cigna Corporation (NYSE: CI) will announce its Q2 2021 financial results on August 5, 2021, at 6:30 a.m. ET. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results. Participants are encouraged to join by 8:15 a.m. ET. The call can be accessed via phone or live webcast and a replay will be available starting at 12:30 p.m. ET on August 5 until 11:59 p.m. ET on August 19. Cigna provides integrated health services worldwide, impacting around 190 million customers.

Cigna has appointed Bonnie Evelyn as the new market president for its health care and related benefits plans in Georgia and Alabama, succeeding Bryan Holgerson, who has taken on the role of Chief Underwriting Officer. In her new position, Evelyn will focus on serving clients with over 500 plan employees and enhancing access to affordable health care. With over 25 years of experience, including her current role leading Cigna’s Taft-Hartley and Federal Business segment, her leadership is expected to strengthen Cigna's market position in the region.

On June 30, 2021, Cigna Corporation CEO David Cordani and former President George W. Bush held a fireside chat to honor American veterans and support the Achilles International Freedom Team, comprised of wounded military members. Bush emphasized the resilience of veterans facing both visible and invisible injuries. Cordani praised their athletic accomplishments. The event was part of the 650-mile Achilles Resilience Relay, culminating in New York's Central Park on July 9, 2021. Cigna aims to improve veteran health through its sponsorship of the Achilles Freedom Team.

Evernorth, part of Cigna, is expanding its weight management program to include Wegovy (semaglutide), a newly approved obesity treatment by the FDA. The program offers virtual consultations with MDLIVE physicians, providing patients easier access to medications and support. Key benefits include affordability via value-based arrangements and personalized health coaching. With obesity-related annual costs soaring to $45,514 per patient, this initiative aims to enhance patient adherence and reduce long-term health costs. This comprehensive strategy may improve health outcomes and help manage chronic conditions associated with obesity.

Oscar Health, Inc. (NYSE: OSCR) and Cigna (NYSE: CI) have partnered to offer Cigna Administered by Oscar small group health insurance in Arizona starting July 1, 2021. This initiative aims to support small businesses recovering from the COVID-19 pandemic, which saw 30.2% reporting revenue declines. The partnership offers tailored health plans with cost-saving options, extensive doctor networks, and behavioral health benefits. Both companies will share risk under a reinsurance agreement and plan to expand their collaboration over time, enhancing employee health coverage for small businesses.

Cigna Corporation (NYSE:CI) has announced that Tim Wentworth, CEO of Evernorth, will present at the Goldman Sachs 42nd Annual Healthcare Conference on June 9, 2021, via a virtual webcast. The presentation is set to begin at approximately 11:20 a.m. ET, with a live webcast available on Cigna's investor relations page. This event highlights Cigna's commitment to engaging with investors and providing updates on their integrated health services, which include medical, dental, pharmacy, and more, serving approximately 190 million customers globally.