NEW YORK (TheStreet) -- Cigna Corp. (CI) - Get Report stock is gaining by 1.09% to $147 in pre-market trading on Thursday morning after the company announced higher earnings and revenue for the 2015 second quarter, and raised its fiscal 2015 outlook.
The company reported earnings of $2.55 per share for the second quarter of this year, compared with earnings of $2.07 per share for the same period last year.
Revenue increased to $9.49 billion for the quarter ended June 30, compared with $8.73 billion for the same period last year.
Cigna was expected to post earnings of $2.31 per share on revenue of $9.53 billion for the 2015 second quarter, according to analysts surveyed by Thomson Reuters.
A rise in commercial and government customers led to a year-over-year increase of 10% in premiums and fees for the second quarter of 2015.
Additionally, Cigna raised its fiscal 2015 guidance to earnings of $8.30 to $8.60 per share, up from earnings of $8.15 to $8.50 per share.
Separately, TheStreet Ratings team rates CIGNA CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CIGNA CORP (CI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: CI Ratings Report