Cigna sells Medicare business to Health Care Service for $3.3 billion

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Go back to Cigna sells Medicare business to Health Care Service for $3.3 billion

Deutsche Bank Upgrades CIGNA (CI) to Buy

February 1, 2024 5:18 AM EST

Deutsche Bank analyst George Hill upgraded CIGNA (NYSE: CI) from Hold to Buy with a price target of $370.00 (from $355.00).

The analyst comments "Upgrading CI Shares to Buy: We are upgrading CI shares to Buy and increasing our price target to $370 from $355, reflecting 13x (up from 12.5x) our 2024 EPS estimate of $28.42. We have increased... More

Cigna (CI) pops after selling its Medicare Business to Health Care Service for $3.7 billion

January 31, 2024 8:40 AM EST

HCSC (Health Care Service Corporation) said it entered into a definitive agreement to acquire several Medicare-related businesses and CareAllies from The Cigna Group (NYSE: CI).

This acquisition includes Cigna's Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies businesses. The deal is... More