On August 5, 2021, Cigna (CI) shares fell approximately 11%, which caused a lot of concern for investors.
However, the news actually caused me confusion because Cigna reported that earnings beat by $0.27 and so did revenues. Consequently, I felt that the change in fundamentals that certain analysts are concerned about hardly warrant an 11% drop.
Therefore, I consider Cigna currently attractive with a solid margin of safety and an opportunity to generate double digit rewards.
As a kicker, the company has started paying a dividend which would further add to the opportunity to now invest in this stock now that it’s undervalued.
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