- Cigna maintains its full-year adjusted operating EPS forecast, expecting at least $28.40 per share for 2024.
- The company is on track to buy back $5.0 billion of its stock in the first half of 2024.
- Officials will meet with investors and analysts over the next few weeks to discuss these plans and projections.
- Cigna recently completed accelerated share repurchase agreements to purchase a total of $3.2 billion in stock.
- The majority of discretionary cash flow is still expected to be used for share repurchases this year.
- Analyst recommendations include 19 buys, 6 holds, and 0 sells.
Cigna Group on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely monitoring Cigna Group‘s performance. In a recent report titled “The Cigna Group: Enhancing Their Virtual Care With The Acquisition Of Bright.md Technology Platform! – Major Drivers,” Baptista Research highlighted that Cigna Group exceeded revenue and earnings expectations set by Wall Street. The company’s health services and benefits platforms showed robust performance, in line with its growth objectives. Cigna Group reported a total revenue of $49 billion and adjusted earnings per share of $6.77, indicating a strong financial position for the company going into 2023.
A look at Cigna Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Cigna Group shows a balanced long-term outlook across key factors. With moderate scores of 3 out of 5 in Value, Dividend, Growth, Resilience, and Momentum, the company appears to be positioned steadily in the market. The consistent scores across these categories suggest a stable performance across various aspects that are crucial for investors’ assessment.
Cigna Group, operating as an insurance company offering a range of insurance products and services globally, seems to maintain a decent standing based on the Smartkarma Smart Scores. While not excelling in any specific category, the company’s all-around moderate scores indicate a certain level of reliability and consistency in its operations. Investors may view Cigna Group as a solid choice for a well-rounded investment option in the insurance sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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