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: 72,500
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
35% more call options, than puts
Call options by funds: $1.18B | Put options by funds: $880M
17% more funds holding in top 10
Funds holding in top 10: 29 [Q2] → 34 (+5) [Q3]
10% more first-time investments, than exits
New positions opened: 138 | Existing positions closed: 125
3% more repeat investments, than reductions
Existing positions increased: 601 | Existing positions reduced: 584
1% more funds holding
Funds holding: 1,632 [Q2] → 1,645 (+13) [Q3]
1% more capital invested
Capital invested by funds: $82.3B [Q2] → $82.8B (+$444M) [Q3]
1.98% less ownership
Funds ownership: 87.7% [Q2] → 85.71% (-1.98%) [Q3]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Piper Sandler Jessica Tassan 0 / 0 met price target | 19%upside $394 | Overweight Reiterated | 5 Nov 2024 |
Barclays Andrew Mok 0 / 0 met price target | 27%upside $420 | Overweight Maintained | 5 Nov 2024 |
Deutsche Bank George Hill 0 / 0 met price target | 19%upside $394 | Buy Maintained | 4 Nov 2024 |
Stephens & Co. Scott Fidel 0 / 0 met price target | 24%upside $410 | Overweight Reiterated | 1 Nov 2024 |
RBC Capital Ben Hendrix 0 / 0 met price target | 14%upside $377 | Outperform Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 28 articles about CI published over the past 30 days