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In a recent transaction, Eder Noelle K, the Executive Vice President and Global Chief Information Officer of Cigna Group (NYSE:CI), a prominent healthcare provider with a market capitalization of $86.76 billion and currently trading at $317.87, sold 9,944 shares of the company’s common stock. According to InvestingPro analysis, Cigna appears undervalued with a GREAT financial health score. The shares were sold at a price of $320 each, totaling approximately $3.18 million. This transaction was executed under a Rule 10b5-1 trading plan, which was adopted by Noelle in September 2024.
Following this sale, Noelle retains direct ownership of 13,406 shares. Additionally, Noelle holds 184 shares indirectly through participation in Cigna’s 401(k) plan.
In other recent news, Cigna Corporation has reported a significant shortfall in its fourth-quarter earnings for 2024, with an adjusted earnings per share of $6.64, missing the consensus estimate of $7.82. This shortfall is largely attributed to higher-than-expected costs in its Stop-Loss insurance, driven by increased specialty drug costs and high-acuity surgical procedures. In response to these developments, Piper Sandler has reduced Cigna’s stock price target from $394 to $348 while maintaining an Overweight rating. Similarly, RBC Capital Markets has adjusted its price target for Cigna from $377 to $355, continuing to rate the stock as Outperform.
In another development, The Cigna Group has announced executive changes aimed at improving health outcomes and customer satisfaction. These changes include linking executive compensation to customer satisfaction and publishing an annual Customer Transparency Report starting in 2026. The company is also enhancing its digital tools to streamline care and reduce administrative errors. Additionally, Evernorth Health Services, part of The Cigna Group, is working to ensure patients benefit from lower medication prices negotiated by Express Scripts.
These recent developments highlight both challenges and strategic initiatives undertaken by Cigna to navigate its current financial landscape and improve customer experience.
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