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Cigna Group Shares Are On The Rise Friday: What's Going On?
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Cigna Group Shares Are On The Rise Friday: What's Going On?
Jan 31, 2025 10:01 AM

Cigna Group ( CI ) inc. shares are rebounding Friday after dropping on Thursday following a fourth-quarter earnings miss.

What To Know: Cigna ( CI ) reported fourth-quarter revenue of $65.68 billion, exceeding analyst estimates of $63.36 billion, but missed on earnings with an adjusted EPS of $6.64 versus expectations of $7.82. The earnings shortfall was driven by higher stop-loss medical costs, which contributed to an 8% decline in adjusted income from operations.

Despite the earnings miss, revenue grew 27% year-over-year, led by increases in pharmacy benefit services and specialty care. The company also announced a $6 billion increase to its share repurchase program, bringing total authorization to $10.3 billion.

Cigna ( CI ) provided 2025 guidance, expecting at least $252 billion in revenue, slightly above estimates. However, full-year adjusted EPS guidance of at least $29.50 fell short of analysts’ expectations of $31.50.

Shares initially dropped 11.1% on Thursday but are rebounding potentially as investors focus on management's corrective actions and long-term strategy.

CI Price Action: Cigna Group ( CI ) shares were up 4.97% at $297.04 at the time of writing, according to Benzinga Pro.

Read Next:

Alphabet Shares Are On The Rise Today: What’s Going On?

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