Cigna
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 17 million US and 2 million international medical members covered as of September 2024.
Employees: 73,500
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $1.06B | Put options by funds: $946M
0.64% more ownership
Funds ownership: 86.69% [Q3] → 87.33% (+0.64%) [Q4]
4% less funds holding
Funds holding: 1,673 [Q3] → 1,601 (-72) [Q4]
15% less first-time investments, than exits
New positions opened: 177 | Existing positions closed: 208
20% less capital invested
Capital invested by funds: $83.8B [Q3] → $67B (-$16.8B) [Q4]
20% less repeat investments, than reductions
Existing positions increased: 522 | Existing positions reduced: 653
35% less funds holding in top 10
Funds holding in top 10: 34 [Q3] → 22 (-12) [Q4]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Cantor Fitzgerald Sarah James 33% 1-year accuracy 37 / 113 met price target | 14%upside $365 | Overweight Maintained | 20 Mar 2025 |
Truist Securities David Macdonald 60% 1-year accuracy 56 / 94 met price target | 17%upside $375 | Buy Maintained | 4 Feb 2025 |
Wells Fargo Stephen Baxter 33% 1-year accuracy 13 / 39 met price target | 7%upside $341 | Equal-Weight Maintained | 4 Feb 2025 |
UBS Kevin Caliendo 57% 1-year accuracy 8 / 14 met price target | 22%upside $390 | Buy Maintained | 3 Feb 2025 |
Piper Sandler Jessica Tassan 42% 1-year accuracy 10 / 24 met price target | 9%upside $348 | Overweight Reiterated | 3 Feb 2025 |
Financial journalist opinion
Based on 11 articles about CI published over the past 30 days









