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Actionable news in CI: CIGNA CORPORATION,

Here's a Reason Cigna (CI) Stock Closed Up Today

NEW YORK (TheStreet) -- Cigna (CI - Get Report) shares closed Monday's trading session up by 0.4% to $131.37, as Jefferies analysts continue to be bullish on the health insurer after it released its 2016 first quarter results on Friday morning.

Earnings of $2.32 a share beat Wall Street's expectations of $2.15 a share. Revenue rose by 4.4% year-over-year to $9.88 but was slightly under projections of $10 billion.

Following Cigna's latest earnings, Jefferies reiterated its "buy" rating on the stock this morning.

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