Cigna (CI - Get Report) shares rose after BMO Capital named the company as a safe hedge amid a fluid healthcare situation.
Competitors UnitedHealth and Humana are more exposed to the Medicare Advantage healthcare program, and while there is great bipartisan support for the program, there is "a greater risk of a shift to less favorable regulation" even if Donald Trump is not re-elected to a second term.
Lower profit margins and slower enrollment under a different administration
Cigna was upgraded to outperform from market perform while United Health (UNH - Get Report) and Humana (HUM - Get Report) were downgraded to market perform from outperform.
Cigna closed the day up nearly 2% while Humana dropped more than half a point. United Health gained 1.4% on the day.
United Health is a key holding in Jim Cramer's Action Alerts PLUS charitable trust.
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