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.
FAST Graphs Analyze Out Loud Video:
$3 billion+ in operating income. Market cap under $8 billion. 15% revenue growth. 20% dividend growth. No other American stock but ONE can meet these criteria... here's why Donald Trump publicly backed it on Truth Social. See His Breakdown of the Seven Stocks You Should Own Here.
Source: FAST Graphs
