Cigna Group Stock Price, News & Analysis

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.

Cigna is expanding its health coverage through the Affordable Care Act marketplace in 63 counties in North Carolina for 2021. Key features include $0 virtual care, a new Diabetes Care plan with $0 benefits for equipment, and partnerships with Duke Health and WakeMed. This expansion will increase Cigna's service area from 5 to 68 counties. The Open Enrollment Period starts Nov. 1 and ends Dec. 15, with plans effective Jan. 1, 2021. Cigna aims to enhance access to quality health care while minimizing out-of-pocket costs.

Cigna Corporation (NYSE:CI) announced that CEO Tim Wentworth will present at the Wolfe Research Healthcare Conference on November 19, 2020. The presentation is scheduled to start at 9:40 a.m. ET and will be available via a free webcast to investors, analysts, and the general public. Interested parties can access the webcast through Cigna's official website. Cigna focuses on health services that enhance the well-being of its clients, boasting sales capabilities in over 30 countries and approximately 190 million customer relationships globally.

Cigna Corporation (NYSE: CI) reported third-quarter 2020 total revenues of $41.0 billion, with adjusted revenues of $40.8 billion. Net income was $1.4 billion, or $3.78 per share, compared to $1.4 billion at $3.57 per share in Q3 2019. Adjusted income from operations was $1.6 billion, or $4.41 per share, reflecting strong performance, despite a slight year-over-year decline. Cigna's Evernorth segment drove revenue growth, while the company also repurchased 16 million shares, enhancing its capital position. The full-year adjusted income per share outlook is projected at $18.30 to $18.60.

Cigna has partnered with Earvin "Magic" Johnson to address health disparities and support minority and women-owned businesses in Los Angeles. The initiative includes an investment of $3 million in local charities and the introduction of customized health plans for companies with over 25 employees. These plans focus on addressing health issues like asthma and diabetes, while offering affordable care, virtual options, and comprehensive support services. This partnership aims to enhance workforce health, promoting economic prosperity in underserved communities.