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 with the Department of Defense (current contract through 2029), and it recently won a multiyear deal with top-tier insurer Centene. In health insurance and other benefits, Cigna primarily 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 December 2024.
Employees: 73,500
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $1.06B | Put options by funds: $946M
1.98% more ownership
Funds ownership: 85.33% [Q3] → 87.31% (+1.98%) [Q4]
4% less funds holding
Funds holding: 1,673 [Q3] → 1,609 (-64) [Q4]
13% less first-time investments, than exits
New positions opened: 181 | Existing positions closed: 207
19% less capital invested
Capital invested by funds: $82.5B [Q3] → $67B (-$15.5B) [Q4]
19% less repeat investments, than reductions
Existing positions increased: 527 | Existing positions reduced: 650
35% less funds holding in top 10
Funds holding in top 10: 34 [Q3] → 22 (-12) [Q4]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Baird Michael Ha 27% 1-year accuracy 6 / 22 met price target | 8%upside $362 | Outperform Maintained | 15 Apr 2025 |
Truist Securities David Macdonald 53% 1-year accuracy 53 / 100 met price target | 15%upside $385 | Buy Maintained | 11 Apr 2025 |
Guggenheim Jason Cassorla 7% 1-year accuracy 1 / 14 met price target | 15%upside $384 | Buy Initiated | 9 Apr 2025 |
Mizuho | 15%upside $384 | Outperform Maintained | 9 Apr 2025 |
Cantor Fitzgerald Sarah James 25% 1-year accuracy 25 / 99 met price target | 9%upside $365 | Overweight Maintained | 20 Mar 2025 |
Financial journalist opinion
Based on 12 articles about CI published over the past 30 days









