#6 - Cigna (NYSE:CI)
Higher interest rates make consumers conscious of every dollar they spend. But insurance, particularly health insurance, is something that consumers can’t cut from their budget. That’s one reason to look at Cigna (NYSE:CI).
Cigna is a multinational provider of managed healthcare and other insurance solutions. CI stock is up 64% in the last five years. But until 2021, that growth came with a lot of steep drops in the stock price. As of August 2022, the stock is trading near its all-time high. And analysts believe that increased worldwide demand for healthcare insurance will be the driver of continued earnings growth.
Plus, the company pays a dividend that currently sports a 26% payout ratio. That, along with rising earnings, suggests Cigna will be able to grow its dividend in the coming years. And that can help investors outrun the effects of rising interest rates.
About The Cigna Group
The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.
Read More - Current Price
- $276.92
- Consensus Rating
- Buy
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $394.64 (42.5% Upside)
