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Cigna Corp(CI)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$280.45
09/16/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CI

09/16/2026: CI (1-star) is currently NOT-A-BUY. Pass it for now.

Cigna Corp is a diversified global health services company that operates through its two primary platforms, Evernorth Health Services and Cigna Healthcare. The company has a leading position in the pharmacy benefit management market, which creates a competitive moat by integrating pharmacy data with clinical care. While Cigna benefits from stable, recurring revenue in the employer-sponsored insurance market, it faces significant risks from regulatory scrutiny over drug pricing and potential changes to healthcare policy. Cigna stock is often considered a solid choice for value-oriented and dividend-focused investors. Looking forward, investors should monitor the company's ability to navigate healthcare cost inflation and potential regulatory shifts affecting its PBM segment.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitCigna offers steady growth via its PBM business but operates in a mature, highly regulated industry.
Momentum investorStrong fit while signal remains positiveThe stock often follows strong trends based on sector-wide positive regulatory news or earnings beats.
Value investorStrong fitCigna often trades at a moderate P/E multiple compared to broader market indices, offering value relative to earnings.
Dividend investorStrong fitThe company provides a reliable dividend and has a commitment to consistent capital return.
Low-risk investorMixed fitWhile established, the company faces significant regulatory and political headline risk that can increase volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumHealthcare stocks are sensitive to political cycles and election-year rhetoric.
Valuation riskLowThe stock typically trades at reasonable valuation multiples, limiting extreme downside from multiple compression.
Competition risk (PBM/Insurance)HighIntense competition from UNH and CVS forces constant pressure on pricing and margins.
Business qualityStrongCigna possesses a sticky, high-moat business model due to its integrated health and pharmacy services.
Dividend incomeMediumDividends are secure, though the yield may not be as high as pure-play utility or income stocks.
Execution riskMediumContinued success depends on the ability to manage medical costs effectively across a diverse member base.

Price Behavior

Steady Uptrend
PRICE PATH

Steady Uptrend

The stock demonstrates consistent and steady upward price momentum.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit -43.94%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/16/2026

Upturn Scorecard

Upturn Star Rating

CI receives a 4-star rating, supported by solid company fundamentals, solid quantitative characteristics, and strong analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

CI has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+73.5%) and solid revenue growth (+11.3%) are partially offset by soft cash generation (FCF margin 3.1%), soft profitability (net margin 2.2%), modest insider ownership of 1.44%.

Financial Health Rating

CI's financial health is supported by strong cash strength, including free-cash-flow generation of $8.4B (3.1% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Earnings growth is CI's strongest growth driver at +73.5% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+11.3%, solid) is also solid, while free-cash-flow growth (-6.3%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 92.2% and approximately 99.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.44% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 8.55%
Vanguard Capital Management, LLC 6.48%
State Street Corp 4.65%
Dodge & Cox 4.61%
Massachusetts Financial Services Company 4.39%

Unit Economics (Per $1K Revenue)

CI generates approximately $95 of gross profit, $33 of operating income, and $31 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 17.71%

Quantitative Style Profile

CI has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 76.34B USD
Price to earnings Ratio 11.94
1Y Target Price 339.36
Price to earnings Ratio 11.94
1Y Target Price 339.36
Volume (30-day avg) 1.6M shares
Beta 0.32
52 Weeks Range 234.17 - 308.44
Updated Date 09/16/2026
52 Weeks Range 234.17 - 308.44
Updated Date 09/16/2026
Dividends yield (FY) 2.12%
Basic EPS (TTM) 24.19

How Company Makes Money

Business areaWhat it includesRetail investor read
Evernorth Health ServicesPharmacy benefit management, specialty pharmacy, and care delivery.This is the 'engine room' that processes drug claims and provides specialty medicine, acting as a major growth driver.
Cigna HealthcareMedical, dental, and supplemental insurance plans.This is the core insurance business that collects premiums and manages risks for employer and individual clients.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 11.94
Forward PE 8.68
Enterprise Value 101.35B
Price to Sales(TTM) 0.27
Enterprise Value 101.35B
Price to Sales(TTM) 0.27
Enterprise Value to Revenue 0.36
Enterprise Value to EBITDA 7.93
Shares Outstanding 264.24M
Shares Floating 262.92M
Shares Outstanding 264.24M
Shares Floating 262.92M
Percent Insiders 1.44
Percent Institutions 92.18

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Cigna Corp

Exchange NYSE
Headquarters Bloomfield, CT, United States
IPO Launch date 1982-03-31
President, CEO & Director Mr. Brian Case Evanko C.F.A.
Sector Healthcare
Industry Healthcare Plans
Full time employees 65669
Full time employees 65669

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. It operates through two segments: Evernorth Health Services and Cigna Healthcare. The Evernorth Health Services segment includes Pharmacy Benefit Services and Specialty and Care Services, offering pharmacy benefit management, drug claim adjudication, retail pharmacy network administration, benefit design consultation, drug utilization review, drug formulary management, pharmacy benefits, home delivery pharmacy, specialty pharmacy, specialty pharmaceutical distribution, and clinical programs for whole-person health outcomes. The Cigna Healthcare segment comprises U.S. Healthcare and International Health, delivering comprehensive medical and coordinated solutions such as employer medical plans, individual and family plans, behavioral health, consumer health engagement, dental, pharmacy management, stop-loss insurance, global health care, and local health care solutions, as well as health care benefits for mobile individuals and employees of multinational organizations. The company offers other operations, including corporate-owned life insurance, reinsurance, and certain run-off and non-strategic businesses. The company distributes its products and services through brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was formerly known as Cigna Corporation and changed its name to The Cigna Group in February 2023. The company was founded in 1792 and is headquartered in Bloomfield, Connecticut.