By Dhirendra Tripathi
Investing.com – Cigna stock (NYSE:CI) traded 1% higher Monday after the company reiterated its outlook for the ongoing financial year as well as the next.
The insurer said its officials expect to reaffirm the projections in meetings with investors and analysts over the next several weeks.
Releasing its third-quarter numbers on November 4, the company had said that it expected full-year 2021 adjusted profit from operations of at least $20.35 per share. It sees adjusted annual revenue to be at least $172 billion.
For the full-year 2022, it sees growth of at least 10% in adjusted profit from operations on a per share basis.
Total revenue for third quarter was over $44 billion, growing around 9% year-on-year. Adjusted income from operations was $5.73 per share, up 30%.
Cigna shares are up around 14% in the year against the near 28% growth in S&P 500.