5 Best Value Stocks to Invest In

1. Cigna Corporation (NYSE: CI)

Number of Hedge Fund Holders: 53
PE Ratio: 10.01

Cigna Corporation (NYSE: CI)  is placed first on our list of 15 best value stocks to invest in. The company’s shares have offered investors returns exceeding 32% over the course of the past year. The company markets insurance products and is based in Connecticut. It was founded in 1981. In earnings results for the first quarter, posted in early May, the company reported earnings per share of $4.73, beating market predictions by $0.35. The revenue over the period was $41 billion, up 6% year-on-year. 

On May 18, investment advisory Wells Fargo initiated coverage of Cigna Corporation (NYSE: CI) stock with an Equal Weight rating and a price target of $284, noting that the firm offered an attractive total return at a discounted multiple. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Glenview Capital is a leading shareholder in Cigna Corporation (NYSE: CI) with 1.8 million shares worth more than $449 million. 

In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Cigna Corporation (NYSE: CI) was one of them. Here is what the fund said:

“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.”

You can also take a peek at 10 Best Dividend Stocks to Buy According to Billionaire Michael Price and 10 Best High Yield Dividend Stocks Under $50.

Follow Insider Monkey on Twitter