Cigna Group Stock Price, News & Analysis

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.

Cigna Corporation (NYSE: CI) announced that Eric Palmer, the Executive Vice President and CFO, will present at the Credit Suisse 29th Annual Healthcare Conference on November 9, 2020, via virtual webcast starting at 12:30 p.m. ET. The presentation is accessible to investors, analysts, and the public through www.cigna.com. Participants are encouraged to join at least 15 minutes early to ensure all technical requirements are met.

Cigna Corporation (NYSE:CI) will announce its third quarter 2020 financial results on November 5, 2020. The results will be made public by 6:30 a.m. ET and will be discussed in a conference call at 8:30 a.m. ET. Investors are encouraged to join the call by 8:15 a.m. ET. Details for live and replay access are provided, along with a link to the company's Investor Relations page where the results and financial supplements will be available.

Cigna (NYSE:CI) has appointed Keith Barnes as market president for its commercial health care plans in North Texas and Oklahoma. His role is to drive market growth by enhancing customer value, improving health care affordability, and ensuring that local strategies meet client needs. With over 33 years of experience in health care leadership, including previous roles at HCSC and Aetna, Barnes aims to leverage his extensive relationships to boost sales and growth in the region. He will operate from Cigna's regional headquarters in Plano.

Cigna Corporation has announced the launch of its Medicare Advantage (MA) PPO plan in 66 counties across Tennessee, featuring $0 premiums and various benefits aimed at enhancing customer care. Key features include telehealth services, home delivery of prescriptions, and flexible provider options. The plan targets improving access to healthcare during challenging times. Cigna's MA HMO plans in Tennessee have a 4.5-star rating for quality. The Annual Enrollment Period (AEP) for Medicare begins on October 15, allowing individuals to choose their plans for 2021.

Cigna's International Markets business released the COVID-19 Global Impact Study, highlighting increased global financial anxiety due to the pandemic's long-term effects. Only 27% of respondents feel secure in meeting housing payments, with a notable 10% decline in confidence in the U.S. over three months. Nearly half (49%) worry about economic repercussions on their finances, with stress indicators showing 83% of people feeling stressed. The study suggests that strong familial support is crucial for resilience amid ongoing lockdown challenges.