Cigna (CI) looks cheap
Cigna trades at ~9.2x forward P/E with $279/share valuation, supported by strong Q2 revenue growth (+7% YoY), $9.6B operating cash flow, and $6.5B buyback authorization. A conservative DCF model suggests intrinsic value around $390/share, implying substantial margin of safety despite regulatory headwinds priced into the low multiple.