Cigna (CI) Stock Analysis

November 11, 2026

This is a peer-relative look at Cigna (CI): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Cigna (CI)
Profile Item	CI
Name	The Cigna Group
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services
GICS Sub-Industry	Health Care Services
Market Capitalization	77.36 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 31, 1982
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

Cigna (CI) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cigna (CI) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cigna (CI) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
Total Return (1Y)	13.95%	21.53%
Total Return (3Y, Annualized)	2.65%	9.81%
Total Return (5Y, Annualized)	8.40%	-2.76%

Risk Profile

Drawdown History

GSPC

Cigna (CI) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cigna (CI) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
Volatility (1Y, Annualized)	26.82%	50.93%
Beta (5Y)	0.24	0.85
Max Drawdown (5Y)	-32.10%	-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CI is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
Sharpe Ratio (1Y)	0.36	0.34
Sortino Ratio (1Y)	0.54	0.54

Profitability

ROE (TTM)

Cigna (CI) posts ROE of 15.65%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

CI

Health Care Equipment & Services industry group

15.65%

Group distribution

Max: 47.61%
CI: 15.65%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Largest peers

ISRG: 17.93%
SYK: 16.02%
UNH: 15.77%
CI: 15.65%
MDT: 10.65%
ABT: 9.14%
MCK: --

Where Cigna (CI) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Cigna (CI) keeps 2.09% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CI

Health Care Equipment & Services industry group

2.09%

Group distribution

Max: 29.35%
Q3: 9.33%
Median: 2.18%
CI: 2.09%
Q1: -6.29%
Min: -28.46%

Largest peers

ISRG: 25.54%
MDT: 13.93%
SYK: 13.78%
ABT: 9.75%
UNH: 3.53%
CI: 2.09%
MCK: 1.12%

Where Cigna (CI) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Cigna (CI) turns 3.48% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CI

Health Care Equipment & Services industry group

3.48%

Group distribution

Max: 35.43%
Q3: 14.14%
Median: 6.81%
CI: 3.48%
Q1: -0.28%
Min: -16.29%

Largest peers

ISRG: 33.29%
SYK: 22.96%
MDT: 19.33%
ABT: 11.66%
UNH: 5.82%
CI: 3.48%
MCK: 1.48%

Where Cigna (CI) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
ROE (TTM)	15.65%	5.45%
ROA (TTM)	4.29%	3.17%
Net Margin (TTM)	2.09%	2.18%
Operating Margin (TTM)	3.48%	6.81%
Gross Margin (TTM)	9.09%	55.21%

Growth

Revenue Growth

Cigna (CI) grew revenue 11.26%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Cigna (CI): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Cigna (CI) grew earnings per share 83.00%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Cigna (CI): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
Revenue Growth (YoY)	11.26%	11.55%
Revenue Growth (3Y CAGR)	15.15%	10.83%
EPS Growth (YoY)	83.00%	4.88%
EPS Growth (3Y CAGR)	1.36%	14.59%

Financial Strength

Current Ratio (MRQ)

Cigna (CI) has current ratio of 0.84, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

CI

Health Care Equipment & Services industry group

0.84

Group distribution

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
CI: 0.84
Min: 0.30

Largest peers

ISRG: 3.33
SYK: 2.18
MDT: 2.07
ABT: 1.46
MCK: 0.90
CI: 0.84
UNH: 0.74

Where Cigna (CI) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Cigna (CI) has debt-to-equity ratio of 0.71, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

CI

Health Care Equipment & Services industry group

0.71

Group distribution

Max: 1.88
Q3: 0.91
CI: 0.71
Median: 0.58
Q1: 0.16
Min: 0.00

Largest peers

CI: 0.71
UNH: 0.70
SYK: 0.66
ABT: 0.61
MDT: 0.55
ISRG: --
MCK: --

Where Cigna (CI) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
Current Ratio (MRQ)	0.84	1.98
Debt / Equity (MRQ)	0.71	0.58
Net Debt / EBITDA	1.87	2.04

Dividends

Dividend Yield (TTM)

Cigna (CI) has dividend yield of 2.05%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

CI

Health Care Equipment & Services industry group

2.05%

Group distribution

CI: 2.05%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 2.72%
UNH: 2.29%
ABT: 2.22%
CI: 2.05%
SYK: 1.05%
MCK: 0.32%
ISRG: 0.00%

Where Cigna (CI) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Cigna (CI) has payout ratio of 27.29%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

CI

Health Care Equipment & Services industry group

27.29%

Group distribution

CI: 27.29%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ABT: 92.54%
MDT: 70.02%
UNH: 51.71%
SYK: 37.49%
CI: 27.29%
MCK: 8.77%
ISRG: 0.00%

Where Cigna (CI) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
Dividend Yield (TTM)	2.05%	0.00%
Dividend Payout Ratio (TTM)	27.29%	0.00%

Valuation

P/E Ratio (TTM)

Cigna (CI) trades at P/E ratio of 12.94, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

CI

Health Care Equipment & Services industry group

12.94

Group distribution

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
CI: 12.94
Min: 4.21

Largest peers

ISRG: 54.75
ABT: 41.02
SYK: 34.70
MCK: 27.36
MDT: 25.01
UNH: 22.50
CI: 12.94

Where Cigna (CI) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Cigna (CI) trades at 0.27 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

CI

Health Care Equipment & Services industry group

0.27

Group distribution

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
CI: 0.27
Min: 0.03

Largest peers

ISRG: 13.82
SYK: 4.72
ABT: 3.95
MDT: 3.47
UNH: 0.78
MCK: 0.29
CI: 0.27

Where Cigna (CI) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Cigna (CI) trades at 1.79 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

CI

Health Care Equipment & Services industry group

1.79

Group distribution

Max: 11.68
Q3: 6.12
Median: 3.00
CI: 1.79
Q1: 1.73
Min: -1.31

Largest peers

ISRG: 9.82
SYK: 5.29
ABT: 3.73
UNH: 3.60
MDT: 2.59
CI: 1.79
MCK: -30.85

Where Cigna (CI) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Cigna (CI) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: CI	Industry group median
P/E Ratio (TTM)	12.94	29.93
P/S Ratio (TTM)	0.27	2.13
P/B Ratio (MRQ)	1.79	3.00
Free Cash Flow Yield (TTM)	10.59%	3.50%