Cigna Group Stock Price, News & Analysis

Cigna's latest Value of Integration study reveals that integrating medical, pharmacy, and behavioral benefits enhances health engagement and lowers overall costs. Covering over 2.2 million claims, the findings show Cigna clients save an average of $227 annually per customer, with those needing health improvements saving up to $4,741. Notably, expenses drop by over $6,700 for oncology patients and $2,700 for diabetes patients. Improved health engagement was observed, with customers experiencing 21% higher engagement in mental health resources.

Cigna Corporation (NYSE: CI) has announced the initiation of a quarterly dividend of $1.00 per share, with the first payment scheduled for March 25, 2021. This dividend will benefit shareholders on record as of March 10, 2021. CEO David Cordani highlighted this move as a demonstration of Cigna's confidence in its growth potential. Alongside the dividend, the company plans to repurchase at least $2 billion in shares during the first quarter, part of a broader strategy to maximize shareholder value.

Cigna Corporation has integrated Iora Health into its expanding Medicare Advantage (MA) network, effective immediately. This partnership allows Cigna MA customers nationwide to access Iora's patient-centered primary care practices. With locations in major cities like Denver and Houston, Iora specializes in providing convenient and comprehensive care for older adults. The collaboration emphasizes value-based care and preventive health, enhancing patient satisfaction and outcomes. Cigna has recently added over 25,000 physicians to its network, reinforcing its commitment to improving healthcare access and quality.

Cigna Corporation (NYSE:CI) is set to present at the 39th Annual J.P. Morgan Healthcare Conference on Jan. 12, 2021, at approximately 3:40 p.m. ET via a virtual webcast. Interested listeners are advised to join 15 minutes early for necessary software installation. Cigna emphasizes its commitment to enhancing health and well-being through integrated health services, reaching 190 million customer relationships globally. For more details, visit www.cigna.com.

On December 16, 2020, Cigna's International Markets business released the fourth edition of its COVID-19 Global Impact Study, revealing rising concerns about the pandemic's long-term effects. Key findings include that 48% of respondents are stressed by future uncertainty and 45% lack a financial safety net. Well-being scores dropped in several countries, with the U.S. showing an improvement of 2.6 points. The study highlights a shift towards virtual health services, with 59% of respondents likely to use them post-pandemic, suggesting significant changes in health management.

The Cigna Foundation has announced the opening of its Healthier Kids For Our Future® grant program, part of a $25 million initiative aimed at enhancing children's health. In 2021, $5 million in grants will be awarded to schools and nonprofits addressing food insecurity and mental health issues among children, particularly related to loneliness, anxiety, and depression. Since its launch in 2019, the program has allocated over $8 million in grants. Applications open on January 25 and close on February 26, with awards announced in spring 2021.

Cigna Corporation (NYSE: CI) announced significant leadership changes effective January 1, 2021, aimed at driving growth for its brands Cigna and Evernorth. Eric Palmer will serve as president and COO of Evernorth, overseeing pharmacy and care management services. Brian Evanko has been appointed CFO, while Matt Manders will lead Cigna's government business. Other key appointments include Everett Neville as EVP of strategy, Aparna Abburi as president of Medicare, and Amy Bricker as president of Express Scripts. These strategic placements are part of Cigna's commitment to enhancing value for customers and shareholders.

Cigna Corporation (NYSE: CI) has announced significant leadership changes effective January 1, 2021, aimed at driving growth through its brands, Cigna and Evernorth. Eric Palmer will become president and COO of Evernorth, while Brian Evanko is appointed CFO of Cigna. Matt Manders will oversee Cigna's government and solutions, Everett Neville takes on strategy and business development, Aparna Abburi becomes president of Medicare, and Amy Bricker will lead Express Scripts. CEO David Cordani highlights the experience of the new leaders, focusing on value creation for customers and shareholders.

Cigna Global Employer Health announced a partnership with InterNations to launch the Cigna StudyWell™ plans, designed for students studying abroad. The initiative aims to provide comprehensive health coverage to students, faculty, and chaperones, addressing their unique needs. The plans include telehealth access, mental health support, and coverage for medical expenses. This collaboration reflects a commitment to enhance the well-being of globally mobile populations, with flexible options tailored for both outbound and inbound students.