HUM - Why Is Cigna Stock Trading Higher Today? | Benzinga
Cigna Group (NYSE: CI) shares are trading higher after the company reportedly ended its attempt to negotiate an acquisition deal with rival Humana Inc (NYSE: HUM) after the pair disagreed on price terms.
Instead, Cigna approved an aggregate increase of $10 billion in incremental share repurchase authorization, bringing the company's total share repurchase authority to $11.3 billion.
The company intends to use most of its discretionary cash flow for share repurchase in 2024.
Cigna expects ...