Cigna shares are trading lower after the company reported an increase in Q2 medical cost ration.
Portfolio Pulse from Benzinga Newsdesk
Cigna's shares have dropped following the company's report of an increased Q2 medical cost ratio.

August 04, 2023 | 2:04 pm
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Cigna's stock price is trading lower due to an increase in Q2 medical cost ratio.
Cigna's Q2 medical cost ratio, which measures the proportion of premium revenues spent on medical services, has increased. This could indicate that the company's costs are rising, which may negatively impact its profitability and hence, the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100