5 Best Healthcare Stocks to Buy According to Larry Robbins’ Glenview Capital

3. Cigna Corporation (NYSE: CI)

Robbins’ Stake Value: $449,363,000
Percentage of Larry Robbins’ 13F Portfolio: 7.61%

Cigna Corporation (NYSE: CI) is an American healthcare and insurance company incorporated in 1792. It stands third on the list of 10 best healthcare stocks to buy according to Larry Robbins’ Glenview Capital. Shares of the company rallied 29.17% in the last twelve months, resulting in $80.71 billion market capitalization.

On May 18, Wells Fargo analyst Peter Costa initiated a coverage of Cigna with an Equal Weight rating and $284 price target.

Artisan Partners Limited Partnership, in their fourth quarter 2020 investor letter, mentioned Cigna Corporation (NYSE: CI). Here is what the fund has to say about Cigna in their investor letter:

“New purchases include Cigna. Cigna is a leading managed care company which operates through the following major segments: health services, integrated medical, international markets and group disability. It’s one of the few managed care organizations in the United States with the scale and size to compete effectively. Cigna has recently focused on deleveraging its balance sheet and further diversifying its business, after completing the Express Scripts acquisition in late 2018. Additionally, the company has partnered with Amazon, which will offer two new pharmacy options—including a self-pay offering. Cigna will administer the self-pay option through its health services division Evernorth. The partnership should be one of many strong earnings drivers for Cigna, which we believe is currently trading at an attractive valuation.”