Jefferies Reports Growth Spurt For Cigna

According to Jefferies, Cigna CI posted a great quarter with the three key segments beating earning estimates by 12-20%. 1Q11 EPS of $1.37 exceeded consensus by 26% and CI raised 2011 EPS guidance midpoint 7% to $4.83 (2% above consensus). Jefferies said that international top line surged 30%+ and margins expanded 200bps. “Improving fundamentals and relative stock underperformance give shares room to run.” Cigna closed yesterday at $47.18.