Cigna (CI) has provided an update.
The Cigna Group is set to reassure investors and analysts of its positive financial outlook for 2024, projecting a minimum adjusted income of $28.40 per share. Following the completion of a substantial $3.2 billion accelerated share repurchase, the company is on track with its plan to buy back $5 billion worth of stock in the first half of the year. This aggressive repurchasing strategy underscores Cigna’s commitment to utilizing the majority of its discretionary cash flow for shareholder returns, as detailed in recent communications and available on their website.
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