201.31 0.00 (0.00%)
After hours: 5:07PM EDT
|Bid||190.00 x 900|
|Ask||200.80 x 1200|
|Day's range||196.25 - 202.51|
|52-week range||118.50 - 224.64|
|Beta (5Y monthly)||0.68|
|PE ratio (TTM)||15.45|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||0.04 (0.02%)|
|Ex-dividend date||09 Mar 2020|
|1y target est||240.56|
Cigna’s (CI) Express Scripts is offering a new prescription drug program that limits costs to consumers, acting as a safety net for millions of newly uninsured individuals.
Shares of the health insurer were up 1.1% at $198. Cigna's Express Scripts business though modestly vulnerable to job losses during a recession, is well diversified to weather the hit, Chief Financial Officer Eric Palmer said. The company said while the impact of the pandemic is still developing, the recession could affect enrollment in employer-sponsored health plans.
Cigna is expecting a strong year despite a decline in non-coronavirus related medical procedures, its CEO told Yahoo Finance in an interview.
New York Life Insurance Co. and Cigna Corp. said Tuesday they are setting up a $100 million fund to support the families of health care workers who have died treating COVID-19 patients. The philanthropic arms of the two insurers will contribute $25 million each to the Brave of Heart Fund, which will support the survivors of fallen health care workers around the country, the companies said. The New York Life Foundation will additionally match contributions from individuals to the fund up to another $25 million.
As American insurers expand coverage for treatment related to the coronavirus, questions are arising about whether insurers will ask for federal aid and whether premiums for Americans will rise in 2021.
The global coronavirus case count surpassed 735,000 Monday, with more than 35,000 deaths reported, according to Johns Hopkins.
AM Best has assigned the Long-Term Issue Credit Ratings (Long-Term IRs) of "bbb" to the $1.5 billion 2.4% senior unsecured notes due 2030, $750 million 3.2% senior unsecured notes due 2040 and the $1.25 billion 3.4% senior unsecured notes due 2050 recently issued by Cigna Corporation (Cigna) (headquartered in Bloomfield, CT) [NYSE:CI]. Furthermore, AM Best has assigned indicative Long-Term IRs of "bbb" to senior unsecured debt and "bb+" to preferred shares under the recently filed shelf registration. The outlook assigned to these Credit Ratings (ratings) is stable. The existing ratings of Cigna and its subsidiaries are unchanged (see related press release).
The worldwide coronavirus outbreak surpassed a grim new milestone on Friday, with over 100,000 reported infections on a death toll that topped 3,400.
Oscar Health is offering prescription drugs at rock-bottom prices, following the lead of other health care players responding to the public’s demand for lower costs.
Health care stocks may be under pressure from Democratic candidates' rhetoric and Congressional scrutiny, but don't dump them yet, one analyst says.
Novo Nordisk's <NOVOb.CO> new diabetes pill, Rybelsus, will be covered by Express Scripts Holding Co, one of the largest U.S. pharmacy benefit managers, the Danish drugmaker said on Friday. Pharmacy benefit managers act as middlemen in the drug supply chain, and negotiate discounts on drugs on behalf of health insurers. Depending on the discounts drugmakers are willing to provide, pharmacy benefits managers make decisions about which drugs to include in coverage plans.
Oscar Health, the upstart healthcare insurance company and technology developer, expects to have roughly 400,000 members insured under its healthcare plans, who collectively will bring in roughly $2 billion in revenue for the company by the end of 2020, according to slides of a presentation from the JP Morgan Healthcare conference seen by TechCrunch. Earlier today, Oscar announced that it was partnering with Cigna to provide services to small business owners. Commercial health insurance is a small but growing proportion of Oscar's total membership, and it's one area where the company hopes to expand.
Investing.com - Health insurance stocks bucked the overall market trend Monday, falling as a recent poll of the Democratic field in Iowa showed Sen. Bernie Sanders in the lead.
New York Life will spend more than $6 billion in cash to acquire the group life and disability coverage business of the insurer Cigna. New York Life said Wednesday that the deal will add millions of customers to its business. Cigna Corp. gets a significant amount of cash that it will use to buy back stock and pare its debt, among other things.