NEW YORK (

TheStreet

) --

Cigna Corporation

(NYSE:

CI

) hit a new 52-week high Thursday as it is currently trading at $49.75, above its previous 52-week high of $49.66 with 858,409 shares traded as of 11:11 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Cigna has a market cap of $13 billion and is part of the

health care

sector and

health services

industry. Shares are up 35.4% year to date as of the close of trading on Wednesday.

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CIGNA Corporation operates as a health service organization. The company, through its subsidiaries, provides insurance and related products and services in the United States and internationally. The company has a P/E ratio of 8.8, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cigna as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Cigna Ratings Report

.

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