The Cigna Group

CI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$925.00	Ycrjzy	Gfvjjtk

Cigna Turns in Solid Q4 and 2023 Guidance; No Fair Value Estimate Change

Julie Utterback

Feb 3, 2023

Narrow-moat Cigna turned in strong fourth-quarter results that allowed the firm to exceed our expectations for 2022 a bit. However, that mild outperformance combined with 2023 guidance that looks roughly in line with our expectations was not enough to change our $321 fair value estimate. Shares appear about fairly valued, to us.

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