CignaCI
Market Cap: $98.8B
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 Q2 SEC filings by fund managers ($100M+ AUM)
43% more call options, than puts
Call options by funds: $1.14B | Put options by funds: $794M
10% more repeat investments, than reductions
Existing positions increased: 600 | Existing positions reduced: 547
1% less funds holding
Funds holding: 1,624 [Q1] → 1,613 (-11) [Q2]
7% less first-time investments, than exits
New positions opened: 138 | Existing positions closed: 149
1.01% less ownership
Funds ownership: 86.51% [Q1] → 85.5% (-1.01%) [Q2]
13% less capital invested
Capital invested by funds: $91.8B [Q1] → $80.3B (-$11.5B) [Q2]
29% less funds holding in top 10
Funds holding in top 10: 41 [Q1] → 29 (-12) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
JP Morgan Lisa Gill 67% 1-year accuracy 16 / 24 met price target | 24%upside $438 | Overweight Maintained | 21 Aug 2024 |
Cantor Fitzgerald Sarah James 67% 1-year accuracy 84 / 125 met price target | 13%upside $400 | Overweight Reiterated | 19 Aug 2024 |
Stephens & Co. Scott Fidel 90% 1-year accuracy 28 / 31 met price target | 16%upside $410 | Overweight Reiterated | 2 Aug 2024 |
Barclays Andrew Mok 80% 1-year accuracy 35 / 44 met price target | 15%upside $405 | Overweight Maintained | 2 Aug 2024 |
Cantor Fitzgerald Sarah James 67% 1-year accuracy 84 / 125 met price target | 13%upside $400 | Overweight Reiterated | 10 Jul 2024 |
Financial journalist opinion
Based on 11 articles about CI published over the past 30 days