5 Best Dividend Stocks According to Billionaire Larry Robbins’ Glenview Capital

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In this article, we discuss the 5 best dividend stocks according to billionaire Larry Robbins’ Glenview Capital. If you want to read our detailed analysis of Robbins’ hedge fund and its past performance, go directly and read 10 Best Dividend Stocks According to Billionaire Larry Robbins’ Glenview Capital

5. Cigna Corporation (NYSE:CI)

Number of Hedge Fund Holders: 58
Dividend Yield as of February 9: 1.93%
Glenview Capital’s Stake Value: $264,777,000

Cigna Corporation (NYSE:CI) is an American healthcare and insurance company. On February 3, Cigna Corporation (NYSE:CI) increased its dividend by 12% at $1.12 per share, with a dividend yield of 1.93%.

Of the 867 hedge funds tracked by Insider Monkey, 58 hedge funds held stakes in Cigna Corporation (NYSE:CI) in Q3, down from 63 in the preceding quarter. These stakes hold a consolidated value of over $2.3 billion.

In Q3 2021, Glenview Capital increased its stake in Cigna Corporation (NYSE:CI) by 3% and held a stake worth over $264.7 million. The company made up 4.85% of Larry Robbins’ portfolio. In January, Bernstein presented a positive long-term outlook on Cigna Corporation (NYSE:CI) and lifted its price target on the stock to $258, with a Market Perform rating on the shares.

Dodge & Cox Stock Fund mentioned Cigna Corporation (NYSE:CI) in its Q3 2021 investor letter. Here is what the firm has to say:

Cigna (2.5% position) is one of the largest and most diversified health care services organizations in the United States. The stock has underperformed recently due to weak financial results, which included higher than expected medical costs. Nevertheless, the company continues to work towards its 10-13% annual earnings growth target, generates significant cash flow, and has plans to deploy capital to shareholders through debt repayments, share buybacks, and a newly announced dividend program. Cigna trades at an attractive valuation of nine times forward earnings.”

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