News & Analysis
News & Analysis

Cigna tops Wall Street expectations in Q1

9 May 2022 By Klavs Valters

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Cigna Corp. (C) reported its Q1 financial results before the market open in the US on Friday.

The American insurance company reported revenue of $44.108 billion in Q1, above the analyst estimate of $43.391 billion.

Earnings per share reported at $6.01 per share vs. $5.18 per share estimate.

“We’ve had a strong start to the year as we advance our growth strategy and support the health and well-being of our clients and customers,” Cigna CEO, David M. Cordani said in a press release after the results were announced.

“We’re taking decisive steps forward with innovation, new partnerships and re-investing in our company so we can achieve greater impact for the customers and communities we’re privileged to serve,” Cordani added.

Cigna Corp. chart

Share price of Cigna rose by around 4% on Friday, trading at $264.39 per share.

Here is how the stock has performed in the past year:

  • 1 Month +2.35%
  • 3 Month +24%
  • Year-to-date +95%
  • 1 Year +07%

Cigna price targets

  • Mizuho: $266
  • Morgan Stanley: $235
  • JP Morgan: $248
  • Goldman Sachs: $233

Cigna Corp. is the 163rd largest electric vehicle manufacturer in the world with a market cap of $84.14 billion.

You can trade Cigna Corp. (CI) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: Cigna Corp., TradingView, CompaniesMarketCap

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