Cigna (CI)
Combines pharmacy benefits and specialty care services with employer and international health coverage.
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Sells pharmacy benefits, specialty-drug distribution, care management, and employer and international health coverage through Evernorth Health Services and Cigna Healthcare. Evernorth generates most revenue and serves third-party health plans, employers, government organizations, and providers alongside the insurance business.
Runs Evernorth Health Services and Cigna Healthcare as complementary health services and benefits businesses. Evernorth houses Express Scripts pharmacy benefits, Accredo specialty pharmacy, eviCore medical benefits management, specialty-drug distribution, behavioral health, and care delivery. It sells these capabilities to health plans, employers, government organizations, and providers beyond the insurance operation.
Provides U.S. employer medical, pharmacy, behavioral, dental, vision, and supplemental benefits through Cigna Healthcare, plus international plans. Operations are overwhelmingly U.S.-based. Combining benefit administration with home delivery and specialty-drug fulfillment, Evernorth generates most revenue. The sale of Medicare insurance and CareAllies narrowed the insurance portfolio, while Evernorth retained Medicare service agreements. Results depend on a major PBM client, medical and drug-cost management, and extensive insurance, pharmacy, ERISA, and PBM regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | Jefferies | Downgrade | Target: $330 | Target: $307 |
| Aug 3, 2026 | Raymond James | Downgrade | Target: $340 | Target: $320 |
| Jul 31, 2026 | Robert W. Baird | Target | Target: $337 | Target: $362 |
| Jul 31, 2026 | Guggenheim | Reiterate | Rating: —Target: $318 | Target: $361 |
| Jul 31, 2026 | Wells Fargo | Reiterate | Rating: —Target: $300 | Target: $307 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.30B · Total debt $31.88B · Total assets $157.08B · Shareholders' equity $42.62B
- Revenue
- $71.67B
- Operating income
- $2.68B
- Net income
- $1.66B
HistoryDividendAnnual yield
| Institutions | 90.62% | 239.47M shares | |
|---|---|---|---|
| 1,766 holders · as of Jun 30, 2026 | |||
| Insiders | 0.23% | 601.4K shares | |
| 27 holders · as of Sep 8, 2026 | |||
| Other | 9.15% | 24.17M shares | |
| remainder | |||
264.24M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.87% | 23.44M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.54% | 17.28M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.80% | 12.68M | as of Jun 30, 2026 |
Dodge & CoxInstitution | 4.61% | 12.17M | as of Jun 30, 2026 |
Massachusetts Financial Services Co /MA/Institution | 3.95% | 10.44M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Everett Neville | officer: See Remarks | −617 | $284.05 |
| Aug 18, 2026 | Nicole S. Jones | officer: See Remarks | −2,677 | $279.61 |
| Aug 4, 2026 | Nicole S. Jones | officer: See Remarks | −19,436 | $276.27 |
| Jun 12, 2026 | Jamie G. Kates | officer: Chief Accounting Officer | −899 | $298.61 |
| May 12, 2026 | David Cordani | director, officer: Chairman & CEO | −201,878 | $292.82 |
- UnitedHealth Group
Largest U.S. health insurer and PBM — rival across both Cigna segments.
- CVS Health
Parallel vertical integrator — Caremark PBM and Aetna rival both Cigna segments.
- Elevance Health
Second-largest commercial insurer; CarelonRx PBM adds adjacent rivalry.
- Humana
Medicare-focused insurer; employer commercial and CenterWell pharmacy overlap.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cigna | $273.42 | −0.38% | $72.53B | 11.4 | 8.6 | 0.3 | +6.6% |
| UnitedHealth Group | $373.54 | −1.06% | $342.88B | 24.3 | 17.5 | 0.8 | +0.4% |
| CVS Health | $87.06 | −0.62% | $111.77B | 23.2 | 10.8 | 0.3 | +7.3% |
| Elevance Health | $402.88 | −1.57% | $88.77B | 18.2 | 14.8 | 0.4 | +0.8% |
| Humana | $372.45 | −1.62% | $45.39B | 35.9 | 30.2 | 0.3 | +26.2% |
| Median | 23.7 | 16.2 | 0.4 | +4.0% |






