5 Best Health Insurance Stocks to Buy

3. The Cigna Group (NYSE:CI)

Number of Hedge Fund Holders: 74

The Cigna Group (NYSE:CI), along with its subsidiary companies, specializes in providing insurance and related products and services within the United States. Additionally, it offers pharmacy benefits, home delivery pharmacy, and specialty pharmacy distribution.

The worldwide health services firm has consistently increased its dividends by an average annual rate of 160.6%. At present, The Cigna Group (NYSE:CI) provides a quarterly dividend of $1.23 per share, yielding 1.58% as of the record date on October 16.

As of the end of the second quarter of 2023, 74 hedge funds out of the 910 funds in Insider Monkey’s database had stakes in Cigna Corporation (NYSE:CI). Larry Robbins’s Glenview Capital is the company’s largest stakeholder, with 2.07 million shares worth $579.59 million.

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