Cigna Corporation (CI) Stock

Cigna Corporation (CI) is a Healthcare stock trading at $280.36 (as of 2026-08-24), with a market capitalization of $74.08B and a trailing P/E of 11.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Cigna provides insurance and related health services in the United States and internationally. Its Evernorth segment offers health services such as pharmacy and benefits management, care delivery and management, and intelligence solutions, while its Cigna Healthcare segment delivers medical and related coverage, including products for Medicare and individual plans, for health plans, employers, government organizations, care providers, and insured or self-insured customers.

Understand Cigna Corporation: how it makes money

Cigna provides health insurance and related services, it earns money from its Evernorth health services (including pharmacy, benefits management, care delivery and management, and intelligence solutions) and from its Cigna Healthcare offerings (medical and related benefits for insured and self-insured customers, including Medicare Advantage and Medicare Supplement).

Cigna’s profit engine is the combination of insurance coverage (Cigna Healthcare, including Medicare products) and large, service-led revenue from Evernorth, where pharmacy and benefits management are a core part of how value is delivered to health plans, employers, government organizations, and healthcare providers.

Business quality (Weak): Well-structured two-segment healthcare model (Cigna Healthcare, Evernorth) with a service component that can diversify beyond pure underwriting, but operating performance is likely sensitive to healthcare utilization and the economics of its pharmacy and benefits management services.

Valuation: At 13× earnings, CI trades in line with the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Service diversification inside Evernorth: Evernorth provides coordinated and point solutions across pharmacy, benefits management, care delivery and management, and intelligence solutions, sold to health plans, employers, government organizations, and healthcare providers.
  • Broader benefit portfolio in Cigna Healthcare: Cigna Healthcare offers medical, pharmacy, behavioral health, dental, vision, and health advocacy programs for insured and self-insured customers, including Medicare Advantage and Medicare Supplement.

Bear case

  • Sensitivity to healthcare economics: Because Cigna operates in insurance and health services (medical, pharmacy, behavioral health, and pharmacy benefit services), results can be impacted by changes in utilization, reimbursement dynamics, and client demand for services.
  • Execution risk across multiple care and pharmacy functions: Evernorth spans pharmacy benefit services plus care delivery and intelligence solutions, so performance depends on effective coordination across these operating areas.
Valuation — source: SEC EDGAR (first-party)
Price$280.36
Market Cap$74.08B
P/E Ratio11.9
EV / EBITDA5.6
Price / Book1.73
Price / Sales0.26
DCF Value (model)$434.08
DCF Upside vs Price54.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$274.90B
Net Margin2.2%
Revenue Growth (YoY)6.7%
EPS Growth (YoY)9.5%
Financial Health — source: SEC EDGAR
Altman Z-Score2.67 (grey)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E11.9
Sector P/E (Healthcare)21.7
Industry P/E (Insurance)13.1
vs Sector-45.2%
vs Industry-9.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($7.20B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorHealthcare
IndustryInsurance
CEODavid Michael Cordani
Employees71,295
CountryUS
IPO Date1982-03-31

Related Companies (Insurance; 8 comparable insurers)

  • Elevance Health Inc. (ELV)
  • Centene Corporation (CNC)
  • UnitedHealth Group Incorporated (UNH)
  • Humana Inc. (HUM)
  • Molina Healthcare, Inc. (MOH)
  • Oscar Health, Inc. (OSCR)
  • BERKSHIRE HATHAWAY INC (BRK)
  • The Progressive Corporation (PGR)
CI earnings history · CI institutional & insider holders · CI KPIs & operating metrics · CI financials · CI investor presentations & press releases · CI SEC filings · CI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.