Cigna (CI) stock was down on Thursday after the health insurance company announced that it would exit the Affordable Care Act (ACA) market in 2027. This decision came as the ACA market has suffers volatility due to changing regulations under the Trump administration. As a result, premiums have spiked and more people are choosing not to sign up for insurance.
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The issues with the ACA market aren’t unique to Cigna. They affect all companies that offer plans on the market. A major factor that plays into this is the age of customers. As the end of subsidies leads to rising prices, younger customers are choosing not to renew their health insurance plans. This is an issue because these younger customers typically don’t use their insurance as much as older customers do. This helps balance out the prices. Without those younger users, prices can drastically increase to the point that health insurers don’t consider the ACA market worth supporting.
Investors will also note that Cigna released its Fiscal Q2 2026 earnings report today. The company’s adjusted earnings per share of $7.79 surpassed Wall Street’s estimate of $7.60. Revenue of $68.49 billion was above analysts’ estimates of $66.29 billion.
Cigna Stock Movement Today
Cigna stock was down 1.24% on Thursday but was still up 5.47% year-to-date. Even so, the stock has fallen 12.79% over the past 12 months.
CI stock trading activity today saw some 970,000 shares change hands, compared to a three-month average daily trading volume of about 1.57 million shares.
Is Cigna Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Cigna is Strong Buy, based on 14 Buy and one Hold rating over the past three months. With that comes an average CI stock price target of $340.08, representing a potential 17.9% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.
