Shares of Cigna Corporation (NYSE:CI) traded at a new 52-week high today of $284.46. Approximately 1.3 million shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
Based on a current price of $281.27, Cigna Corporation is currently 5.9% above its average consensus analyst price target of $264.77.
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 $284.46 and is now at $281.27, which is 47% above that low price.
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