Julia Rendleman/Getty Images Entertainment The Cigna Group ( NYSE: CI ) announced Thursday that it expects to reaffirm its earnings target for the year and remains on track to repurchase $5B of common stock in the first half of 2024. The health insurer is scheduled to meet investors and analysts over the next several weeks, when it plans to reaffirm its projected full year 2024 consolidated adjusted income from operations of at least $28.40 per share vs.
$28.51 consensus . In addition, the firm recently completed accelerated share repurchase agreements to purchase an $3.
2B of its common stock as part of its existing share repurchase program. It also remains on track to repurchase $5B of common stock in the first half of 2024 and continues to expect the majority of discretionary cash flow to be used for share repurchase this year. More on Cigna The Cigna Group (CI) BofA Securities 2024 Health Care Conference Call Transcript Cigna: An Up-And-Coming Dividend Growth Stock To Buy Now The Cigna Group 2024 Q1 - Results - Earnings Call Presentation Dividend Roundup: Meta Platforms, Merck, Cigna, Halliburton, and more Managed care poised for long-term growth despite recent headwinds: Baird.
