Cigna Reaches New 52-Week High (CI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Cigna (NYSE: CI) hit a new 52-week high Friday as it is currently trading at $70.48, above its previous 52-week high of $70.45 with one million shares traded as of 10:15 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Cigna has a market cap of $19.67 billion and is part of the health care sector and health services industry. Shares are up 29.5% year to date as of the close of trading on Thursday.

Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The company has a P/E ratio of 15.2, 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cigna Ratings Report.

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