The Cigna Group (CI) has been garnering attention in the investment world, with hedge funds displaying bullish sentiment. This comes during a period where
quarterly dividends are being declared and firms like
1832 Asset Management L.P. and
Advisors Asset Management Inc. have sold their shares. However, it's worth noting that investors who put their stake in the company five years back have seen an
increase of 113%. Following a promising Q1 2024 earnings result that surpassed estimates, the group launched a
$3.2 billion accelerated stock repurchase. In light of the ongoing growth, the company has raised long-term growth projections and introduced new innovative solutions. With a robust first quarter in 2024 and a positive 2024 outlook, Cigna is considered both a strong value and growth stock. Moreover, amidst plans to sell
Medicare businesses to
Health Care Service Corporation (HCSC), the company has also announced a substantial increase to its share repurchase program of $10 billion.
The Cigna Group CI News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 28 Jul 2024 17:47:42 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor 0
