5 Healthcare Stocks Making Moves After Earnings

2. Cigna Corporation (NYSE:CI)

Number of Hedge Fund Holders: 53

Shares of Cigna Corporation (NYSE:CI) hit a new 52-week high of $284.46 on Thursday, August 4, 2022, after delivering solid results for the second quarter. The Connecticut-based healthcare giant reported adjusted earnings of $6.22 per share, up from $5.24 per share in the same period last year.

In addition, Cigna Corporation (NYSE:CI) posted revenue of $45.480 billion, compared to $43.131 billion in the year-ago period. The results easily surpassed the consensus of $5.48 per share for earnings and $44.41 billion for revenue.

Moving forward, Cigna Corporation (NYSE:CI) now anticipates an adjusted profit of at least $22.90 per share for the full year, compared to its previous projection of at least $22.60 per share.

Discussing the results, CEO of Cigna Corporation (NYSE:CI), David M. Cordani, said:

“Our focus on our customers, patients and clients continues to resonate in the market as our strong results and positive momentum reinforce the value we are delivering. Evernorth and Cigna Healthcare continue driving our strong performance, and our focus on ongoing innovation positions us for sustained, differentiated growth.”