Auxier Asset Management has reduced its stake in
The Cigna Group. Alongside, the company’s
balance sheet is under strain, however, it presented optimistically at the Goldman Sachs 45th Annual Global Healthcare Conference. Despite underperforming the S&P 500, Cigna’s
stock has been acquired by both
Raleigh Capital Management and
FIL Ltd.. The Cigna Group disclosed their
dividend analysis and declared a quarterly dividend while shares slipped amid a surge in inpatient activity. The company’s Q1 2024 case showed it exceeded EPS forecasts in spite of challenges. Furthermore,
V Square Quantitative Management, Price T Rowe Associates, and
PARUS Finance UK Ltd all increased their stakes in Cigna. Despite some stakeholders reducing their investments, Cigna saw a positive growth target and launched new innovative solutions during its 2024 Investor Day. Cigna plans to benefit from reduced Medicaid enrollments and reported strong first quarter 2024 results whilst also raising its outlook for the year. Interestingly, Cigna has been listed among
Best Employers for Health and Well-Being and
Best Corporate Citizens. Cigna also announced it would sell its Medicare businesses and CareAllies to Health Care Service Corporation (HCSC). Lastly, Cigna recently announced an increase in the share repurchase program to $10 Billion.
The Cigna Group CI News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 16 Jun 2024 16:04:32 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 3
