Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  CIGNA Corporation    CI

Delayed Quote. Delayed  - 09/23 10:01:40 pm
131 USD   -0.76%
09/22DJANTHEM : Cigna Swap Allegations Of Breach -- WSJ
09/21DJANTHEM : Cigna Have Accused Each Other of Merger Breach, Filing Clai..
09/21DJANTHEM : DOJ Says Anthem and Cigna Accuse Each Other of Merger Breac..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Cigna To Buy Great American Supplemental Benefits For $295 Million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/11/2012 | 12:28am CEST

Cigna Corp. (>> CIGNA Corporation) has agreed to acquire American Financial Group Inc.'s (AFG) Medicare supplement and critical-illness businesses for approximately $295 million in cash, as the managed-care company looks to expand its presence in the individual and seniors markets.

Cigna said its acquisition of Great American Supplemental Benefits Group, one of the largest manufacturers of supplemental health insurance products in the U.S., is expected to close in the second half of 2012.

Great American generated approximately $325 million of revenue last year.

Cigna said the acquisition will expand its individual supplemental offerings to customers in the U.S., bring scaled offerings to the seniors market and extend its direct-to-consumer retail channel.

The deal comes after Cigna bought Medicare carrier HealthSpring Inc. in January for $3.8 billion. The HealthSpring acquisition represented a change in the balance of Cigna, which had primarily focused on employers but will now also be a major source of both Medicare prescription-drug plans and Medicare Advantage coverage, the private insurers' version of the government program.

Cigna has seen its revenue grow in recent quarters, helped by growing membership and a continuing trend of patients using fewer health-care services amid a shaky economy. Last week, the company reported its first-quarter earnings fell 10%, due in part to acquisition costs, though membership growth contributed to better-than-expected revenue.

Meanwhile, American Financial said the deal is expected to be slightly dilutive to its earnings in the short term but will help the company focus on its core businesses.

Cigna shares were up by 11 cents to $45.02 after hours. The stock is up 6.9% so far this year.

-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stocks mentioned in the article : CIGNA Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CIGNA CORPORATION
09/22DJANTHEM : Cigna Swap Allegations Of Breach -- WSJ
09/21DJANTHEM : Cigna Have Accused Each Other of Merger Breach, Filing Claims
09/21DJANTHEM : DOJ Says Anthem and Cigna Accuse Each Other of Merger Breach -Bloomberg
09/21DJANTHEM : Cigna Accuse Each Other of Merger Breach
09/20 CIGNA CORP : Other Events (form 8-K)
09/15 CIGNA : Obama, Cigna Officials Talk Obamacare
09/15 CIGNA : Recognizes Lena Pope for Commitment to Employee Health and Wellness
09/15 CIGNA : Recognizes Premier Inc for Commitment to Employee Health and Wellness
09/15 CIGNA : Global Health Benefits® deepens partnership with the Hollard Insurance G..
09/15 CIGNA : Short-Term Disability and Voluntary Benefits Claims Process Getting Easi..
More news
Sector news : Managed Healthcare - NEC
09/22DJANTHEM : Cigna Swap Allegations Of Breach -- WSJ
09/21DJANTHEM : Cigna Have Accused Each Other of Merger Breach, Filing Claims
09/21DJANTHEM : DOJ Says Anthem and Cigna Accuse Each Other of Merger Breach -Bloomberg
09/21DJANTHEM : Cigna Accuse Each Other of Merger Breach
09/21DJAMEDISYS : After the Floods, an Outpouring of Help From the CEO -- WSJ
More sector news : Managed Healthcare - NEC
News from SeekingAlpha
09/22 WALL STREET BREAKFAST : Trade Deals In Focus
09/22 Anthem, Cigna accuse each other of merger breach
09/13 Will Warren Buffett Save Wells Fargo?
08/30 OPKO Health Is A Buy At $9 - Cramer's Lightning Round (8/29/16)
08/29 WALL STREET BREAKFAST : Week Of Economic Data Up Next
Advertisement
Financials ($)
Sales 2016 39 642 M
EBIT 2016 3 140 M
Net income 2016 1 850 M
Debt 2016 1 787 M
Yield 2016 0,02%
P/E ratio 2016 17,38
P/E ratio 2017 13,87
EV / Sales 2016 0,89x
EV / Sales 2017 0,81x
Capitalization 33 611 M
More Financials
Chart CIGNA CORPORATION
Duration : Period :
CIGNA Corporation Technical Analysis Chart | CI | US1255091092 | 4-Traders
Full-screen chart
Technical analysis trends CIGNA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 150 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
David Michael Cordani President, Chief Executive Officer & Director
Isaiah Harris Chairman
Mark Marsters Senior Vice President-Group Operations
Thomas A. McCarthy Chief Financial Officer & Executive Vice President
Alan M. Muney Chief Medical Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CIGNA CORPORATION-10.48%33 611
UNITEDHEALTH GROUP INC19.44%133 821
AETNA INC6.95%40 563
ANTHEM INC-9.24%33 307
HUMANA INC-1.66%26 169
CENTENE CORP4.16%11 704
More Results