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Stock Market & Financial Investment News

News Breaks
April 8, 2014
10:18 EDTHNT, UAM, AET, CI, UNH, WLP, WCG, HUMCMS says Medicare Advantage reimbursement to rise in 2015
The Centers for Medicare & Medicaid Services announced Medicare Advantage and prescription drug rates for 2015. The agency estimated that its payments for Medicare Advantage beneficiaries would rise slightly, versus its previous estimate that such payments would fall. A Medicare Advantage Plan is a type of health plan offered by a private company that contracts with Medicare to provide subscribers with Part A and Part B benefits. WHAT'S NEW: CMS reimbursements for Medicare Advantage beneficiaries will rise 0.4%, CMS estimated, compared to a February proposal that contemplated a 1.9% cut. ANALYST REACTION: In a note to investors earlier today, FBR Capital analyst Steven Halper wrote that the final Medicare Advantage rates are a positive for health insurers with significant exposure to such plans. Companies in this category include Aetna (AET), Humana (HUM), and UnitedHealth (UNH), said Halper. He kept Outperform ratings on Aetna and United Health and a Market Perform rating on Humana. Another research firm, Leerink, said it views the "biggest positive" from the final rates that the CMS announced last night as the delay in the proposal to eliminate in home Health Risk Assessments to support reimbursement for high risk seniors. Leerink thinks the final rates are favorable for MA plans and estimates the positive impact in order: Humana, Universal American (UAM), WellCare (WCG), UnitedHealth, Cigna (CI), Aetna, Health Net (HNT) and WellPoint (WLP). PRICE ACTION: In early trading, Aetna rose fractionally to $72.70, UnitedHealth lost 0.6% to $80.59, Humana sank 1.8% to $109.95, and Universal American added 2c to $7.16.
News For AET;HUM;UNH;UAM;WCG;CI;HNT;WLP From The Last 14 Days
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June 25, 2015
11:06 EDTCI, HUM, WCG, HNT, UNH, AETHospitals, insurers climb after Supreme Court rules on ACA subsidies
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10:11 EDTHNT, AET, UNH, CI, HUM, WCGACA tax subsidies upheld by Supreme Court
The decision of the Fourth Circuit was affirmed in King v. Burwell by a vote of 6 to 3, according to multiple media reports. The Supreme Court upholding the lower court ruling means that individuals who get health insurance through an exchange established by the federal government will be eligible for tax subsidies in all 50 states. Publicly traded companies in the health insurance space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Publicly traded companies in the hospital space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).
09:40 EDTUNH, CI, HUM, AETMultiple parties expressing interest in Humana, CNBC reports
Humana (HUM) has received expressions of interest from multiple companies, CNBC's David Faber reports. The interest does not mean multiples bids are forthcoming, Faber added.
05:59 EDTHUMHumana implied volatility of 55 at upper end of index
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June 24, 2015
17:57 EDTUNH, AET, HUMWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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10:00 EDTUNH, HUM, CI, AETOn The Fly: Analyst Initiation Summary
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06:36 EDTAETAetna initiated with a Sector Perform at RBC Capital
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06:35 EDTCICigna initiated with a Sector Perform at RBC Capital
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06:35 EDTUNHUnitedHealth initiated with an Outperform at RBC Capital
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06:35 EDTHUMHumana initiated with a Sector Perform at RBC Capital
Target $221.
05:59 EDTHUMHumana implied volatility of 54 at upper end of index
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05:42 EDTUNHCatamaran downgraded to Neutral from Buy at UBS
UBS downgraded Catamaran (CTRX) to Neutral saying the stock new fully reflects the UnitedHealth (UNH) takeover deal terms. UnitedHealth management in recent meetings expressed confidence that its pending $61.50 per share purchase of Catamaran will still close in the second half of 2015, UBS tells investors.
June 23, 2015
09:50 EDTCI, HUMAnthem CFO meeting with Cigna shareholders, CNBC reports
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09:45 EDTHUM, CIAnthem concerned Cigna may bid for Humana, CNBC's Faber reports
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09:44 EDTCIAnthem to talk with Cigna shareholders, CNBC's Faber reports
07:44 EDTHUM, AETHumana takeover looks unlikely below $210/share, says Leerink
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07:40 EDTCICigna price target raised to $175 from $160 at Leerink
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07:30 EDTCIExperts: Antitrust issues exist in Cigna/Anthem deal, Reuters says
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07:25 EDTUNHPiper Jaffray to hold a summit
2015 Piper Jaffray Heartland Summit is being held in Minneapolis on June 23-24.
06:00 EDTHUMHumana implied volatility of 48 at upper end of index
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