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Cigna Corp. (CI)

  • Thu, Jun. 25, 10:26 AM
    • Medical services-related stocks jump after the Supreme Court rules 6-3 to affirm the ruling in King v. Burwell.
    • Related tickers: (HUM +2.6%)(CNC +3.2%)(MOH +2.3%)(ANTM +0.1%)(CI +0.2%)(UNH +1.8%)(AET +0.8%)(MGLN +1.1%)(HNT +0.7%)(WCG +2.9%)(CYH +8.8%)(XLV +0.9%)
    | Thu, Jun. 25, 10:26 AM | 87 Comments
  • Mon, Jun. 22, 10:08 AM
    • Anthem (ANTM +4.1%) will host a conference call this morning at 11:00 am ET to discuss its non-binding $184 per share cash-and-stock offer for Cigna (CI +6%).
    • The company believes that the merger will generate ~$2B in synergies within two years and at least $17 in non-GAAP EPS by 2018.
    | Mon, Jun. 22, 10:08 AM | 1 Comment
  • Mon, Jun. 22, 9:18 AM
    | Mon, Jun. 22, 9:18 AM | 2 Comments
  • Mon, Jun. 22, 2:58 AM
    • The nation's biggest health insurers, which are pursuing a series of potential megamergers due to changes in the healthcare landscape, have many market overlaps that pose challenges to competition around the country.
    • On Saturday, Anthem (NYSE:ANTM) made a third offer to purchase Cigna (NYSE:CI) for $54B (although the bid was rejected), while Aetna (NYSE:AET) made a takeover offer for Humana. Those deals, if completed, would shrink the current top five insurers to a powerful big three, each with revenue on paper of more than $100B.
    • UnitedHealth (NYSE:UNH), the largest industry player by revenue, has also recently jumped on the bandwagon by making a takeover approach to Aetna.
    | Mon, Jun. 22, 2:58 AM | 9 Comments
  • Sun, Jun. 21, 4:50 PM
    | Sun, Jun. 21, 4:50 PM | 13 Comments
  • Sat, Jun. 20, 5:10 PM
    • Anthem (NYSE:ANTM) has boosted its takeover offer for Cigna (NYSE:CI) and is going public with the bid after the two sides failed to reach agreement.
    • Anthem's $184/share bid (cash and 31% stock) reflects a 35.4% premium to unaffected Cigna price on May 28.
    • Anthem’s pursuit of Cigna comes as Cigna is eying Humana (NYSE:HUM), which has put itself up for sale, and whom now appears to be on Aetna's (NYSE:AET) radar screen.
    • The five big managed-care companies are jockeying for deals that will enable them to get more efficient and better respond to changes in the healthcare landscape. Analysts say regulators will only allow one or two such combinations.
    • "Anthem has been engaged with Cigna to explore a potential combination since August 2014 and is making its proposal public today following Cigna's refusal to reasonably negotiate and its insistence on securing governance matters that are not common practice in similar transactions."
    • Source: press release
    | Sat, Jun. 20, 5:10 PM | 5 Comments
  • Mon, Jun. 15, 12:47 PM
    | Mon, Jun. 15, 12:47 PM | 3 Comments
  • Mon, Jun. 15, 12:18 PM
    | Mon, Jun. 15, 12:18 PM | 5 Comments
  • Fri, May 29, 2:12 PM
    • Humana (HUM +19.6%) surges following a WSJ report that it is exploring a potential sale after receiving indications of takeover interest, and has hired Goldman Sachs to help it explore a potential sale.
    • Sources say Aetna (AET +2.2%) and Cigna (CI +5.2%) are among companies that have held preliminary discussions with HUM.
    • HUM is one of five health insurers that bankers and analysts have long considered ripe for consolidating the industry, including AET, CI, UnitedHealth (UNH +1%) and Anthem (ANTM +2.6%).
    | Fri, May 29, 2:12 PM | 5 Comments
  • Fri, May 22, 11:14 AM
    • Major health insurers in some states are proposing rate increases of as much as 51% for plans sold under the federal health law, according to a WSJ analysis, setting the stage for an intense debate over the law’s impact.
    • All the insurers cite high medical costs incurred by people newly enrolled under the Affordable Care Act, saying their proposed rates reflect the revenue they need to pay claims now that they have had time to analyze their experience with the law’s requirement that they offer the same rates to everyone regardless of medical history.
    • Some insurers are trying to catch up with the impact of expensive drugs such as Sovaldi, foreseeing significant pent-up demand from the newly enrolled, says a fellow at the Society of Actuaries.
    • Relevant tickers: IHF, HNT, UNH, MOH, CNC, UAM, AET, CI, HUM, HCA, WCG, GTS, EMCI, MGLN
    | Fri, May 22, 11:14 AM | 10 Comments
  • Thu, Apr. 30, 7:46 AM
    • Cigna (NYSE:CI) Q1 results ($M): Total Revenues: 9,467 (+11.4%); Premiums: 7,402 (+10.9%); EPS: 2.04 (+6.3%);
    • Customers: Global Medical: 14,654 (+3.4%); Commercial: 14,099 (+3.0%); Behavioral Care: 23,865 (+5.1%); Dental: 13,674 (+2.9%); Pharmacy: 7,909 (+10.0%); Medicare Part D: 1,468 (+18.3%).
    • 2015 Guidance: Revenue growth: 8 - 10%; non-GAAP operating income: $2.12B - 2.21B; non-GAAP operating income per share: $8.15 - 8.50.
    | Thu, Apr. 30, 7:46 AM | 1 Comment
  • Thu, Apr. 30, 6:16 AM
    • CIGNA (NYSE:CI): Q1 EPS of $1.96 beats by $0.12.
    • Revenue of $9.39B (+11.1% Y/Y) beats by $110M.
    • Press Release
    | Thu, Apr. 30, 6:16 AM | Comment!
  • Wed, Apr. 29, 5:30 PM
  • Thu, Mar. 19, 10:34 AM
    • According to Bloomberg, major providers of Medicare coverage like Humana (HUM +0.9%), WellCare (WCG +0.6%) and Centene (CNC +1.4%) are high on the acquisition radar of large insurers who have relatively modest exposure to the rapidly growing Obamacare-stoked space. Likely suitors would be Aetna (AET +1.3%) and Anthem (ANTM +0.3%).
    • There hasn't been much M&A activity among health insurers due to the uncertainties surrounding the implementation of the Patient Protection and Affordable Care Act. Now that its implications are better understood, the number of deals should perk up.
    • No bargains are out there, though. S&P's index of health insurers galloped 57% last year. The current valuations for Humana, WellCare and Centene are $26.9B, $4.1B and $8.3B, respectively, all at record levels since at least 2007.
    • Anthem CFO Wayne DeVeydt says his firm will continue to make smaller deals although a larger purchase is not out of the question. Other firms declined to comment.
    • Leerink Partners analyst Ana Gupte says a likely scenario is consolidation among the five largest health insurers: UnitedHealth Group (UNH +0.8%), Anthem, Aetna, Cigna (CI +0.6%) and Humana.
    • Aging baby boomers, born between 1946 and 1964, are driving the increase in Medicare enrollment. Membership is expected to rise to 68.4M in 2023, up more than 25% from this year's 54.4M. Medicaid is projected to add 9.3M people over the same time frame.
    | Thu, Mar. 19, 10:34 AM | 2 Comments
  • Wed, Mar. 4, 12:11 PM
    • Hospitals rally on comments from Supreme Court Justice Anthony Kennedy, often a swing vote in important cases. He says there is a powerful point to the Obama administration's argument that the Affordable Care Act would fall apart if the subsidies were ruled invalid.
    • The Court is currently hearing arguments in the case King v. Burwell, which challenges federal subsidies in states that did not create their own health insurance exchanges. Its final decision will not be announced until June, though.
    • Hospitals and health insurers have the most at stake. They have benefited greatly since the law was signed in 2010. To date, 11.4M Americans have signed up for coverage in 2015, giving both groups more paying customers and potentially cutting the number of non-paying emergency room visits. If the subsidies were ruled invalid then many people would drop coverage due to the higher cost.
    • Related tickers: (HCA +6.2%)(THC +5.4%)(UHS +2.6%)(CYH +5.4%)(LPNT +3.3%)(SEM -0.9%)(SSY)(HUM +0.1%)(CI -0.4%)(CNC)(MOH +0.3%)(ANTM +0.5%)(UNH +0.3%)(MGLN +0.3%)(WCG +0.3%)
    | Wed, Mar. 4, 12:11 PM | 17 Comments
  • Wed, Feb. 25, 4:35 PM
    • CIGNA (NYSE:CI) declares $0.04/share annual dividend, in line with previous.
    • Forward yield 0.03%
    • Payable April 10; for shareholders of record March 12; ex-div March 10.
    | Wed, Feb. 25, 4:35 PM | Comment!
Company Description
Cigna Corp is a health services organization with insurance subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services.
Sector: Healthcare
Country: United States