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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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July 22, 2015
18:24 EDTCIAnthem nears deal to buy Cigna for around $187 per share, DJ says
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08:43 EDTAETAetna positioned to report good Q2 results, says BMO Capital
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July 17, 2015
10:21 EDTCICigna says 98.4% of customers treated with hep C drug Harvoni are cured
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07:50 EDTUNHUnitedHealth, Catamaran deal will close earlier than expected, says UBS
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July 16, 2015
19:17 EDTUNH, CI, AETAffordable Care Act plan prices to increase 11.2% in 2016, WSJ says
State regulators will begin approving plan price increases for insurance plans purchased on Care Actís exchanges as early as this month, reports the Wall Street Journal. Nearly every state has plans with premiums increasing over 10%, with some as high as 30%-50%, the Journal adds. Publicly traded companies in the space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Reference Link
13:53 EDTUNHUnitedHealth price target raised to $135 from $115 at Cantor
Cantor Fitzgerald analyst Joseph France raised his price target for UnitedHealth shares to $135 to reflect the company's Q2 earnings upside and the acquisition of Catamaran (CTRX). France reiterates a Hold rating on stock.
09:33 EDTUNHUnitedHealth does not expect Catamaran to contribute to earnings this year
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09:32 EDTUNHUnitedHealth expects medical cost trend on lower end of forecast
09:21 EDTUNHUnitedHealth says 'nothing changed' in terms of M&A strategy
The company expects to continue to build on its capabilities.
09:08 EDTUNHOn The Fly: Pre-market Movers
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09:06 EDTUNHUnitedHealth expects EPS to accelerate in 2016
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08:30 EDTUNHUnitedHealth reports Q2 Optum revenue $13.6B
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06:06 EDTUNHUnitedHealth reports Q2 Employer & Individual revenue up 10% to $11.8B
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06:04 EDTUNHUnitedHealth reports Q2 medical care ratio 81.4%
Medical cost trends remained controlled and consistent with management expectations. Reserves developed favorably by a total of $90M in the quarter. Reports Q2 operating cost ratio of 16.1%.
06:03 EDTUNHUnitedHealth raises FY15 EPS to $6.25-$6.35 from $6.15-$6.30, consensus $6.26
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06:01 EDTUNHUnitedHealth reports Q2 EPS $1.64, consensus $1.59
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July 15, 2015
15:42 EDTUNHUnitedHealth July 125 straddle priced for 2.8% movement into Q2
14:53 EDTUNHNotable companies reporting before tomorrow's open
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12:35 EDTUNHUnitedHealth July volatility elevated into Q2 and outlook
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08:53 EDTAETAetna decline creates favorable entry point, says Argus
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