11 Cheap ESG Stocks to Buy According to Hedge Funds

5. The Cigna Group (NYSE:CI)

Number of Hedge funds holding: 72

Forward P/E as of May 06, 2025: 10.09

The Cigna Group (NYSE:CI) is a global health company providing insurance and related products. With two main segments: Evernorth Health Services and Cigna Healthcare, it has a vast offering including coordinated and point solution health services, and pharma-related care. Based in Connecticut, the company is committed to a better future.

The company maintains a strong ESG vision to revolutionize the health ecosystem into one that is well-functioning, sustainable, accessible, and equitable. The Cigna Group (NYSE:CI) seeks to recognize advanced efficiencies and make strategic investments to mitigate not only operational costs but also environmental impacts, as it believes responsible environmental stewardship has the potential to improve health and vitality.

The Cigna Group (NYSE:CI) collaborated with the Houston Parks Board to improve neighborhood parks as it strives to improve health outcomes through elevated environmental exposures. As part of the project, Grimes Park in the Sunnyside neighborhood now has a football field, playground, picnic area, walking path, and basketball pavilion, among others. The company is also partnering with Brighter Bites to provide healthy food guidelines and 20 pounds of free fruits and vegetables each week to around 500 elementary students and their families.

Just recently, The Cigna Group (NYSE:CI) Foundation announced an additional $1 million to youth clubs to support mental health in America over the next two years. The funding will go into the training of staff to identify mental health-related symptoms in individuals, incorporating trauma-informed strategies in their practices, and expanding its Behavioral Support Toolkit to all Clubs. Over the last year, the platform extended a $250,000 grant for developing a teen mental health guide, strengthening youth mental health programming. With this, we can say that the company is in the right direction to invest over $27 million in grants to nonprofit organizations through 2026.

The Cigna Group (NYSE:CI)’s water management and waste reduction efforts, too, are quite commendable. The company prioritizes leasing LEED-certified buildings by working towards embedding green language into their leases. It tracks water performance, safeguards natural habitats by building discharge water, offers an efficient irrigation system, and adopts a data-driven approach to mitigating pharmaceutical inventory waste. On that note, we can label it as one of the best ESG stocks to keep an eye on.