CignaCI
Market Cap: 97.6B
About: Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense, and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, and the company operates mostly in the US with 18 million US medical members covered as of December 2023.
Employees: 72,500
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
32% more funds holding in top 10
Funds holding in top 10: 31 [Q4 2023] → 41 (+10) [Q1 2024]
18% more capital invested
Capital invested by funds: $76.1B [Q4 2023] → $89.5B (+$13.5B) [Q1 2024]
11% more first-time investments, than exits
New positions opened: 174 | Existing positions closed: 157
1% more funds holding
Funds holding: 1,588 [Q4 2023] → 1,605 (+17) [Q1 2024]
8% more call options, than puts
Call options by funds: $1.4B | Put options by funds: $1.3B
2.56% less ownership
Funds ownership: 86.96% [Q4 2023] → 84.39% (-2.56%) [Q1 2024]
12% less repeat investments, than reductions
Existing positions increased: 531 | Existing positions reduced: 603
Research analyst outlook
21 Wall Street Analysts provided 1 year price forecasts over the past 6 months
21 analyst ratings
Cantor Fitzgerald Sarah James | 16%upside $400 | Overweight Reiterated | 10 Jul 2024 |
Piper Sandler Jessica Tassan | 16%upside $400 | Overweight Initiated | 26 Jun 2024 |
Cantor Fitzgerald Sarah James | 16%upside $400 | Overweight Reiterated | 12 Jun 2024 |
JP Morgan Lisa Gill | 27%upside $435 | Overweight Maintained | 30 May 2024 |
Baird Michael Ha | 13%upside $388 | Outperform Initiated | 30 May 2024 |
Financial journalist opinion
Based on 19 articles about CI published over the past 30 days