Key Developments: Cigna Corp (CI.N)

CI.N on New York Stock Exchange

104.56USD
3:56pm EST
Price Change (% chg)

$-0.02 (-0.02%)
Prev Close
$104.58
Open
$104.89
Day's High
$105.49
Day's Low
$104.43
Volume
688,384
Avg. Vol
416,984
52-wk High
$105.60
52-wk Low
$74.04

Search Stocks

Latest Key Developments (Source: Significant Developments)

Cigna Corp issues FY 2014 earnings guidance below analysts' estimates
Friday, 7 Feb 2014 06:00am EST 

Cigna Corp:Expects FY 2014 consolidated adjusted income from operations is in the range of $1.9 bln to $2.0 bln, or $6.80-$7.20.FY 2014 net income of $2.039 bln and EPS of $7.32 - Thomson Reuters I/B/E/S.  Full Article

Moody's affirms Cigna Corp's Senior Debt at Baa2 - Reuters
Tuesday, 12 Nov 2013 01:11pm EST 

Reuters reported that Moody's Investors Service has affirmed the Baa2 senior debt rating of Cigna Corporation and the A2 insurance financial strength (IFS) ratings of its operating subsidiaries.  Full Article

Cigna Corp Raises FY 2013 EPS Guidance
Thursday, 31 Oct 2013 06:00am EDT 

Cigna Corp increased its outlook for fiscal 2013 consolidated adjusted income from operations to be in the range of $1.90 billion to $1.96 billion, or $6.70 to $6.90 per share (EPS). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $6.65 for fiscal 2013.  Full Article

Cigna Corp and Samsung Electronics Co Ltd Team Up to Deliver Digital Health Improvement Platform
Monday, 28 Oct 2013 10:00am EDT 

Cigna Corp and Samsung Electronics Co Ltd have signed a multi-year agreement to co-develop health and wellness related features built into Samsung's S Health on Samsung's smart mobile devices. The initial development is focused on delivering health-related tips and articles through the Samsung S Health Application, with an ultimate goal of connecting individuals with caregivers, doctors and hospitals to improve health and wellness globally.  Full Article

Chicago Transit Authority Chooses Cigna Corp to Administer Medical Plan
Wednesday, 23 Oct 2013 10:00am EDT 

Cigna Corp announced that the Chicago Transit Authority (CTA) has selected Cigna to administer the medical benefits plan and employee assistance program (EAP) for CTA employees and their family members, beginning January 1, 2014. Approximately 24,000 people are enrolled in the CTA medical plan. Under a multi-year contract, Cigna will provide administrative services, such as claims processing and health care professional network management for CTA, which will self-fund its medical plan. Cigna will also provide CTA employees and their enrolled family members with health coaching and with health management programs for people with chronic health care conditions. Through an integrated offering, Cigna's behavioral health benefits and EAP will also be available to employees.  Full Article

Fitch Affirms Cigna Corp's IDR At BBB+ - Reuters
Tuesday, 8 Oct 2013 01:42pm EDT 

Reuters reported that Fitch Ratings has affirmed Cigna Corporation's (Cigna) Issuer Default Rating (IDR) at BBB+ and unsecured senior debt ratings at 'BBB'. In addition, the Insurer Financial Strength (IFS) ratings of various Cigna subsidiaries were affirmed at A. The rating Outlooks have been revised to Positive from Stable.  Full Article

Cigna Corp Completes Acquisition Of Alegis Care
Tuesday, 3 Sep 2013 08:00am EDT 

Cigna Corp announced that it has completed its acquisition of Alegis Care, a portfolio company of Triton Pacific Capital Partners. Alegis Care is a multi-specialty, medical health services organization dedicated to creating a comfortable medical home experience for homebound Medicare and Medicaid patients. Alegis Care specializes in serving the chronically ill and elderly with physician services, comprehensive care coordination and a high level of patient care in the safety and comfort of a patient's own home or place of residence. The terms of the deal were not disclosed.  Full Article

Cigna Corp Raises FY 2013 Earnings Guidance
Thursday, 1 Aug 2013 06:00am EDT 

Cigna Corp announced that it has increased its outlook for fiscal 2013 consolidated adjusted income from operations to be in the range of $1.8 billion to $1.9 billion, or $6.25 to $6.65 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $1.9 billion and EPS of $6.50 for fiscal 2013.  Full Article

Cigna Corp Announces Resignation Of CFO-Form 8-K
Wednesday, 17 Jul 2013 05:01pm EDT 

Cigna Corp reported in its Form 8-K that On May 13, 2013, Cigna Corporation (Company) filed a Form 8-K to disclose the resignation of Ralph J. Nicoletti, Executive Vice President and Chief Financial Officer (CFO) of the Company. On July 11, 2013, the Company and Mr. Nicoletti executed an Agreement and Release in connection with his resignation. Under the agreement, Mr. Nicoletti’s resignation as Executive Vice President and Chief Financial Officer (CFO) was effective as of July 12, 2013.  Full Article

Cigna Corp Enters Partnering Agreement With Catamaran Corp
Wednesday, 12 Jun 2013 07:06am EDT 

Cigna Corp announced that it will build on its pharmacy benefits business by entering into a ten-year strategic PBM partnering agreement with Catamaran Corp which combines the customer focus and clinical excellence of Cigna's pharmacy team with the capabilities of Catamaran, and the combined purchasing scale of the two companies. Under the terms of the agreement, Cigna will continue to lead formulary management, clinical and product development and sales and marketing, while also managing all day-to-day customer- and client-facing functions. Cigna will also continue to provide differentiated clinical services to over eight million customers and integration of medical care and disability management with clinical and pharmacy programs. In retaining its direct engagement with physicians and health care professionals, Cigna will build on its commitment to provide better health outcomes for customers.  Full Article

Photo

Cigna says Obamacare business losses on the decline

- Cigna Corp. said on Thursday that financial losses from the new Obamacare health insurance eased in the third quarter, becoming the second insurer this week to say that business was improving.

Search Stocks