Cigna
announced it had increased its share buyback plan by $10 billion, for a total of $11.3 billion, with $5 billion of the stock to be purchased between now and the middle of 2024.
“We believe Cigna’s shares are significantly undervalued and repurchases represent a value-enhancing deployment of capital as we work to support high-quality care, improved affordability, and better health outcomes,” said CEO David M. Cordani in a statement on Sunday.
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