Cigna Group Stock Price, News & Analysis

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.

Cigna reported strong first quarter results for 2021, with total revenues of $41.0 billion and net income of $1.2 billion, or $3.30 per share. Adjusted income from operations was $1.7 billion, or $4.73 per share. The company projects full-year adjusted income from operations to reach at least $7.0 billion, or $20.20 per share. Cigna's customer base grew, with medical customers totaling 16.7 million and pharmacy customers 101.0 million. Despite COVID-19 impacts, the firm showcased strong execution across its business segments.

The Board of Directors of Cigna Corporation (NYSE: CI) has declared a cash dividend of $1.00 per share on April 28, 2021. This dividend will be paid on June 23, 2021 to shareholders on record as of the close of business on June 8, 2021. Cigna emphasizes its commitment to delivering quality health services and maintaining strong shareholder returns through regular dividend payments.

Cigna Corporation (NYSE:CI) will present at the 2021 BofA Securities Health Care Conference on May 13, 2021, around 8:00 a.m. ET. Brian Evanko, Cigna's executive vice president and CFO, will lead the presentation, available via live webcast on Cigna's investor relations page. Cigna is dedicated to enhancing health and well-being through integrated health solutions across more than 30 countries, serving over 175 million customers globally.

Cigna is launching initiatives to enhance access to COVID-19 vaccinations, including paid time off for employees to get vaccinated, a $200 incentive for fully vaccinated staff, and free transportation for Medicare Advantage customers to vaccination sites. These measures aim to support community immunity and reduce health disparities. The company extended the use of emergency time off for COVID-19-related reasons through 2021, with over 875,500 hours already claimed. Cigna's outreach includes direct assistance to vulnerable seniors, reinforcing its commitment to equitable health care.

Cigna Corporation (NYSE:CI) will announce its first quarter 2021 financial results on May 7, 2021. The results will be released by 6:30 a.m. ET, followed by a conference call at 8:30 a.m. ET. Participants are encouraged to dial in by 8:15 a.m. ET for the live call. The call can be accessed domestically at (800) 857-1657, and internationally at (773) 799-3811, with a passcode of 572021. A replay will be available until May 21 and a webcast will be provided on the company’s website.

Cigna and Oscar Health have partnered to offer Cigna + Oscar small business health insurance in various California regions. The initiative aims to address the needs of small businesses, especially in light of the pandemic, as 88% prioritize employee health. The partnership combines Cigna's extensive provider networks with Oscar’s tech-driven customer service to offer affordable and comprehensive plans. Key features include expected monthly savings, behavioral health benefits, and access to 24/7 virtual urgent care. The two companies will share risks under a reinsurance agreement and plan future expansions.