Below we present the list of Top 5 Large-Cap Healthcare Stocks to Buy Now. For our methodology and a more comprehensive look at Henrik Rhenman’s Rhenman & Partners Asset Management and the healthcare fund’s top stock picks, check out Top 10 Large-Cap Healthcare Stocks to Buy Now.
5. Cigna Corporation (NYSE:CI)
Cigna Corporation (NYSE:CI) starts the second half of our list, as Rhenman & Partners Asset Management owned 140,000 shares of CI on December 30, selling off 10,000 shares during Q4. As with Humana and several other healthcare stocks, hedge fund ownership of Cigna fell during Q3, dipping by 14%.
Billionaire investing icon Leon Cooperman was not one of them, as he pitched the stock during a November CNBC interview, praising it for its low forward P/E and good story. Cigna grew its adjusted revenue by 14% during 2020 alongside adjusted EPS of $18.45. Cigna grew its Medicare Advantage membership by 18% last year.