5 Best Stocks To Buy According to Billionaire Larry Robbins

4. Cigna Corporation (NYSE:CI)

Glenview Capital’s Stake Value: $264,777,000

Percentage of Glenview Capital’s 13F Portfolio: 4.85%

Number of Hedge Fund Holders: 58

Cigna Corporation (NYSE:CI), a Connecticut-based managed healthcare and insurance company, is one of the top stock picks of billionaire Larry Robbins, who owns a $264.7 million position in Cigna Corporation (NYSE:CI) as of Q3 2021. 

JPMorgan analyst Lisa Gill downgraded Cigna Corporation (NYSE:CI) to Neutral from Overweight on December 21, with a price target of $248, down from $270. While Cigna Corporation (NYSE:CI) is well positioned on a long term basis, the analyst is interested in other managed care names that provide better near-term upside. 

Arrowstreet Capital, the leading Cigna Corporation (NYSE:CI) stakeholder, boosted its position in the company by 156% during the third quarter, owning a total of 1.74 million shares worth $350.1 million. Overall, 58 hedge funds monitored by Insider Monkey were bullish on Cigna Corporation (NYSE:CI) as of September 2021. 

Here is what Dodge & Cox Funds has to say about Cigna Corporation (NYSE:CI) in its Q3 2021 investor letter:

“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.”