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Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:29 EDTWLP, AET, CI, UNHHealth 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
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September 1, 2015
09:05 EDTUNHInsperity, UnitedHealthcare extend contract through 2019
Insperity (NSP) announced that it has extended its arrangement for medical and dental coverage through 2019 with UnitedHealthcare, a UnitedHealth Group (UNH) company. This arrangement reflects the dedication of both companies to offer the best health care and health care reform solutions in the marketplace. Insperity has partnered with UnitedHealthcare as its leading health insurance carrier since January 2002. The majority of Insperity's corporate and worksite employees have health coverage with UnitedHealthcare.
August 28, 2015
11:04 EDTCIOptions with increasing implied volatility
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August 26, 2015
12:02 EDTAETAetna, MemorialCare announce accountable care collaboration in California
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08:04 EDTUNHHCA Holdings UnitedHealth weakness creates buying opportunity, says Oppenheimer
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August 24, 2015
18:02 EDTUNHS&P 500 enters correction territory amid global growth concerns
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August 21, 2015
08:13 EDTUNHUnitedHealth has reached attractive entry point, says BMO Capital
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