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Cigna

 

Buy Cigna stocks and shares

CIGNA (CI) Stocks

ABOUT CIGNA

Cigna Corporation, a global health-services organization, was founded in 1982 and is based in Bloomfield, Connecticut and Philadelphia, Pennsylvania, in the United States.

The company was established through the merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (parent company of Insurance Company of North America, the first stock insurance company in the U.S.

The company, through its insurance subsidiaries, is a leading provider of medical, dental, disability, life and accident insurance and related products and services, offered through employers such as governmental organizations, unions and associations, and other groups.

The company offers Medicare and Medicaid products and health, life and accident insurance coverage to clients in the U.S and selected international markets for clients to purchase. Cigna also has a number of run-off operations, which include a run-off reinsurance segment. The company offers a full-service staff-model health maintenance organization (HMO), known as the Cigna Medical Group, to clients in the Phoenix metropolitan area. This HMO comprises of satellite clinics across the region.

Cigna Global Health Benefits (CGHB), a business unit within the company, is headquartered in Wilmington, Delaware. Its health-benefit operations are located in Visalia, California, and it has international offices in Greenock, Scotland, Shangai, China, and Antwerp Bergium. Sales offices are situated in North America, Europe, Asia and the Middle East. CGHB’s global health plans comprise medical, dental, behavioural and disability, as well as business travel and life components. CGHB has its own, in-house international claims platform, with a network of physicians and hospitals for clients – about 550 000 in the U.S and 141 000 outside the country.

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OVERVIEW OF CIGNA

Cigna Corporation operates through a number of segments: Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.

The company’s other operations include corporate-owned life insurance business (COLI), run-off reinsurance and settlement annuity businesses. The Global Health Care division fuses the commercial and government operating segments. The company offers products, such as prescription drug benefit plans, health advocacy programs and other services, to insured and self-insured customers through the commercial segment, while the government operating segment offers Medicare Advantage, Medicare Part D and Medicaid plans to clients.

Global Supplemental Benefits focusses on supplemental health, life and accident insurance products in selected U.S. markets. It provides payments for a variety of health risks, such as personal accident, accidental death, critical illness and cancer coverage, to name but a few. It also offers clients individual private medical insurance, term- and variable universal life insurance, and savings products. Retirees can choose from a variety of medicare supplement plans that give them federally Medigap-style plans.

The Group Disability and Life division provides group long- and short-term disability insurance, group life insurance, accident- and speciality insurance and related services. These products are available in the whole of the U.S., the District of Columbia, Puerto Rico, the United States Virgin Islands and Canada.

VALUES OF CIGNA

Cigna Corporation’s mission is to improve the health, well-being and peace of mind of its global clientele. The company works in a spirit of authentic partnership to change lives. It believes that, when it comes to health, everyone is bounded in the quest for well-being.

The company is customer-focussed. It is committed to making experiences easy in ways that customers perceive as proactive, personal and empathetic. Cigna acts with integrity and believes in doing the right thing at all times. It constantly pushes boundaries through innovation to create a better tomorrow.

The company believes in teamwork, but also embraces diversity and individuality. As long as a common goal is shared by all, each individual input contributes to reaching the objective.

MARKET PERFORMANCE OF CIGNA

Cigna Corporation trades on the New York Stock Exchange (NYSE) under the stock symbol “CI”.

The company’s strong financial performance in the market boosts investor confidence. It 2018, it recorded revenue of USUS Dollar 49 billion. Adjusted revenues increased by 15% to USUS Dollar 48 billion. Shareholders’ net income for 2018 was USUS Dollar 2.6 billion. Those who buy or sell company shares can therefore expect sound dividends and returns.

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LATEST NEWS CIGNA

Buy CIGNA stocks / shares – A Step by Step Guide how to Buy / Purchase CIGNA Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CIGNA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CIGNA STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CIGNA STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CIGNA stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CIGNA stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : CHARLES SCHWAB STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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