Cigna Corp (CI) released its first quarter results on Sunday, May 9, 2021. The company reported net earnings of $3.30 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 5 percent compared to the same period a year ago.
The company was founded in 1792 and is headquartered in Bloomfield, Connecticut. Cigna Corporation provides insurance and related products and services. It operates through Health Services, Integrated Medical, International Markets, and Group Disability and Other segments.
Cigna's revenue increased 6 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins decreased to 4.06% over the same period. Net earnings for past trailing twelve months were $8438.0 million, up 72% from the prior year.
Moving on to the balance sheet, Cigna's cash levels jumped 120% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 3.79% this past year. The current ratio for Cigna now stands at 0.77. The company decreased shares outstanding by 6.7%.
Shares of CI are currently trading around $261.18. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 11.25 and price to book ratio of 1.91.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Monday, May 10, 2021.