U.S. health insurer Cigna Corp said on Thursday second-quarter profit and revenue both rose as it took in more healthcare premiums and fees from more customers in its commercial business.Cigna's profit beat analysts' expectations, following a trend this quarter from larger competitors that have already reported, including WellPoint Inc and Aetna Inc.Much of Cigna's healthcare business comes from fees it charges large corporations to manage plans for their employees. The company, which also has Medicare and Medicaid customers and sells dental, life, disability insurance, attributed the profit growth to higher revenue and management of expenses and medical costs.Leerink Partners analyst Ana Gupte said the company topped expectations on strength in its global disability and life business, which brought in 6 cents more per share in profit than Wall Street expected. Its supplemental insurance business contributed 3 cents per share more than estimated, she said.
Aetna Inc. (Aetna), is a diversified healthcare benefits company. Shares of AET fell by 2.61% or $-2.14/share to $79.74. In the past year, the shares have traded as low as $60.32 and as high as $85.72. On average, 2168620 shares of AET exchange hands on a given day and today's volume is recorded at 4767719.
Cigna Corporation (Cigna) is a holding company. Cigna is a global health service company, with insurance subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services. Shares of CI fell by 1.19% or $-1.13/share to $93.50. In the past year, the shares have traded as low as $72.64 and as high as $97.28. On average, 1629720 shares of CI exchange hands on a given day and today's volume is recorded at 3326061.
WellPoint, Inc. (WellPoint) is a health benefit company in terms of medical membership in the United States. Shares of WLP fell by 0.07% or $-0.08/share to $112.47. In the past year, the shares have traded as low as $81.46 and as high as $116.50. On average, 1901940 shares of WLP exchange hands on a given day and today's volume is recorded at 5450245.
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