New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:29 EDTUNH, WLP, AET, CIHealth insurers fall after two downgrades from Goldman
Shares of a number of health insurers are falling after Goldman Sachs downgraded its rating on one stock in the sector and removed another from its Conviction List. WHAT'S NEW: Goldman analyst Matthew Borsch downgraded his rating on Aetna (AET) to Neutral from Buy and removed UnitedHealth (UNH) from the firm's Conviction List, as he believes that other stocks in the healthcare sector are more attractive. Utilization of healthcare services by individuals who don't have the Affordable Care Act is likely to show signs of increasing by 2015, posing a "manageable" challenge to health insurers, Borsch wrote. However, the increase in the utilization of these services is likely to be "relatively gradual" compared with similar trends in the past, the analyst contended. Borsch based his forecast on healthcare spending trends during previous economic recoveries. He reduced his 2015 earnings estimate for Aetna to $7 from $7.10 and for United Health to $5.95 from $6. He reduced his 2015 EPS estimates for other companies in the sector, as his earnings outlook for WellPoint (WLP) declined to $9.20 from $9.35, while his estimate for Cigna (CI) for next year dropped to $7.90 from $8. The analyst kept Neutral ratings on both WellPoint and Cigna. Meanwhile, Borsch cut his price target on Aetna to $88 from $91 and on UnitedHealth to $91 from $96. PRICE ACTION: In early afternoon trading, Aetna fell 3% to $76, UnitedHealth slumped 2.5% to $79.50, WellPoint declined 2.5% to $108, and Cigna retreated 2.5% to $89.
News For AET;UNH;CI;WLP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 16, 2015
12:37 EDTUNHOn The Fly: Top stock stories at midday
Subscribe for More Information
07:19 EDTUNHOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
06:08 EDTUNHUnitedHealth added 1.6M more people domestically in the past year
Subscribe for More Information
06:08 EDTUNHUnitedHealth reports Optum revenue $12.8B
Subscribe for More Information
06:06 EDTUNHUnitedHealth reports Q1 medical care ratio down 140 basis points to 81.1%
The first quarter operating cost ratio of 16.6% increased 20 basis points year-over-year due to higher growth in services businesses. The first quarter tax rate of 43.3% increased 130 basis points year-over-year due to higher levels of nondeductible ACA fees. First quarter days sales outstanding of 13 days increased 1 day year-over-year, due to higher growth in government programs. Days claims payable was flat year-over-year at 47 days.
06:05 EDTUNHUnitedHealth says Catamaran combination to contribute 30c to 2016 earnings
06:05 EDTUNHUnitedHealth raises FY15 EPS to $6.15-$6.30 from $6.00-$6.25, consensus $6.21
Subscribe for More Information
06:01 EDTUNHUnitedHealth reports Q1 EPS $1.46, consensus $1.35
Subscribe for More Information
April 15, 2015
14:46 EDTUNHUnitedHealth technical notes before earnings
Subscribe for More Information
14:21 EDTUNHUnitedHealth April volatility elevated into Q1 and outlook
UnitedHealth April call option implied volatility is at 58, May is at 26, June is at 23; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 16.
11:51 EDTUNHExpress Scripts down 2% as Walgreens speaks at analyst day
Subscribe for More Information
April 13, 2015
10:58 EDTUNH, CI, AETCigna, Humana seen as potential takeover targets in Managed Care space
Subscribe for More Information
10:00 EDTUNHOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:33 EDTUNH, CI, AETJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
07:03 EDTUNHUnitedHealth upgraded to Buy from Hold at Jefferies
Jefferies upgraded UnitedHealth to Buy saying the company's outlook continues to improve. It believes headwinds are turning to tailwinds in UNH's Medicare Advantage business and raised its price target for shares to $141 from $106.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use