Cigna (CI) pops after selling its Medicare Business to Health Care Service for $3.7 billion

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Go back to Cigna (CI) pops after selling its Medicare Business to Health Care Service for $3.7 billion

Cigna Corp. (CI) lifted by Deutsche Bank following 'value-unlocking transaction'

February 1, 2024 1:13 PM EST

Shares of Cigna Corp. (NYSE: CI) rose more than 1% Thursday after the stock was upgraded to Buy from Hold at Deutsche Bank. Analyst George Hill raised the price target to $370 from $355 per share.

The upgrade follows CI announcing the agreement to sell its MA,... More

Deutsche Bank Upgrades CIGNA (CI) to Buy

February 1, 2024 5:18 AM EST

Deutsche Bank analyst George Hill upgraded CIGNA (NYSE: CI) from Hold to Buy with a price target of $370.00 (from $355.00).

The analyst comments "Upgrading CI Shares to Buy: We are upgrading CI shares to Buy and increasing our price target to $370 from $355, reflecting 13x (up from 12.5x) our 2024 EPS estimate of $28.42. We have increased... More

Cigna sells Medicare business to Health Care Service for $3.3 billion

January 31, 2024 7:34 AM EST

(Reuters) -Insurer Health Care Service Corp said on Wednesday it would buy Cigna's Medicare business that manages government-backed health insurance for people aged 65 and older for $3.3 billion in cash.

The sale consists of Cigna's Medicare lines, including Medicare Advantage, Medicare supplement and Medicare drug plans, as well... More