|Bid||173.08 x 800|
|Ask||189.00 x 800|
|Day's range||170.40 - 176.70|
|52-week range||118.50 - 224.64|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||12.91|
|Forward dividend & yield||0.04 (0.02%)|
|1y target est||239.12|
As American insurers expand coverage for treatment related to the coronavirus, questions are arising about whether insurers will ask for federal aid and whether premiums for Americans will rise in 2021.
The global coronavirus case count surpassed 735,000 Monday, with more than 35,000 deaths reported, according to Johns Hopkins.
AM Best has assigned the Long-Term Issue Credit Ratings (Long-Term IRs) of "bbb" to the $1.5 billion 2.4% senior unsecured notes due 2030, $750 million 3.2% senior unsecured notes due 2040 and the $1.25 billion 3.4% senior unsecured notes due 2050 recently issued by Cigna Corporation (Cigna) (headquartered in Bloomfield, CT) [NYSE:CI]. Furthermore, AM Best has assigned indicative Long-Term IRs of "bbb" to senior unsecured debt and "bb+" to preferred shares under the recently filed shelf registration. The outlook assigned to these Credit Ratings (ratings) is stable. The existing ratings of Cigna and its subsidiaries are unchanged (see related press release).
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a" of the key U.S. life/health subsidiaries, health maintenance organizations and Europe-based insurance companies of Cigna Corporation (Cigna) (headquartered in Bloomfield, CT) [NYSE: CI]. Concurrently, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICRs to "a" from "a-" of Medco Containment Life Insurance Company (Warrendale, PA) and Medco Containment Insurance Company of New York (Troy, NY) (collectively referred to as Medco Containment Group). Additionally, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICRs to "a" from "a-" of the Cigna HealthSpring Companies (HealthSpring). AM Best also has affirmed the Long-Term ICR of "bbb" and the Short-Term Issue Credit Rating (Short-Term IR) of AMB-2 of Cigna. The outlook of these Credit Ratings (ratings) is stable. Furthermore, AM Best has withdrawn the Long-Term ICR of "bbb" and the Short-Term IR of AMB-2 on the intermediate holding company, Cigna Holding Company (Delaware). Lastly, AM Best has affirmed the Long-Term Issue Ratings (Long-Term IR) of Cigna Holding Company. The outlook of these ratings is stable. (Please see link below for a detailed listing of the companies and ratings.)
Cigna (CI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Health care stocks may be under pressure from Democratic candidates' rhetoric and Congressional scrutiny, but don't dump them yet, one analyst says.
Like all retirement-related things, healthcare is very important to plan for (financially and emotionally). Here's what retirees need to know about healthcare in your nest egg years.
Percentage of Americans aged 65 and above will climb to 21% by 2030 from 15% in 2018. In fact, the number of Americans aged more than 60 have already tripled since 1950.
Novo Nordisk's new diabetes pill, Rybelsus, will be covered by Express Scripts Holding Co, one of the largest U.S. pharmacy benefit managers, the Danish drugmaker said on Friday. Pharmacy benefit managers act as middlemen in the drug supply chain, and negotiate discounts on drugs on behalf of health insurers. Depending on the discounts drugmakers are willing to provide, pharmacy benefits managers make decisions about which drugs to include in coverage plans.
Riding high on its growing top line, reducing costs and an impressive capital position, CNO Financial (CNO) is well placed to benefit its investors.
Investing.com - Health insurance stocks bucked the overall market trend Monday, falling as a recent poll of the Democratic field in Iowa showed Sen. Bernie Sanders in the lead.