Cigna Corporation (NYSE:CI) traded today at a new 52-week high of $273.57. This new high was reached on below average trading volume as 478,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services were greatly expanded by its 2018 merger with Express Scripts and are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 15 million medical members covered as of the end of 2020, but its services extend internationally, covering another 2 million people.
In the past 52 weeks, shares of Cigna Corporation have traded between a low of $191.74 and a high of $273.57 and is now at $272.63, which is 42% above that low price.
Cigna Corporation (NYSE:CI) is currently priced 2.3% above its average consensus analyst price target of $266.34.
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