Cigna's 1Q Consistent With Strong Start to 2019 For Managed Care
Narrow-moat Cigna reported first-quarter results that tracked in line with our full-year expectations. We don’t anticipate altering our $231 fair value estimate, and believe shares look attractive trading at 9.5 times our current adjusted earnings forecast for 2019. However, given the ongoing integration of Express Scripts and the loss of Anthem's pharmacy benefits business, we'd emphasize our high uncertainty rating on the name.While the effects of integration, segment reclassifications, and t...
Cigna is a global health service organization. The company's segments are: Integrated Medical, which includes its employer-sponsored medical coverage and Medicare offerings for seniors and individual insurance offerings to non-seniors both on and off the public health insurance exchanges; Health Services, which consists of the pharmacy benefit management and certain health management services; International Markets, which provides a range of medical and supplemental health, life, and accident benefits to individuals and employers; and Group Disability and Other, which includes its commercial long- and short-term disability products, and its term life group insurance products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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