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Stock Market & Financial Investment News

News Breaks
November 29, 2012
14:50 EDTAETAetna to sell Medicare Supplement Plans in Florida
Aetna (AET) announced that its subsidiary, Aetna Life Insurance Company, has been approved by Florida regulators to begin selling individual Medicare Supplement plans in the state. Beginning March 1, 2013, beneficiaries with original Medicare will be able purchase the plans directly from Aetna, either by phone or during a personal sales consultation with an Aetna sales representative. Eventually, the company plans to also offer the plans through brokers. Aetna Medicare Supplement plans help beneficiaries pay for some of the health care costs not covered by Medicare Part A or Part B. These include deductibles and coinsurance payments.
News For AET From The Last 14 Days
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August 12, 2014
06:35 EDTAETManged Care recent pullback a buying opportunity, says Leerink
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August 7, 2014
14:06 EDTAETReinsurance Group names Tim Matson as Chief Investment Officer
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13:23 EDTAETLeerink healthcare services analyst holds an analyst/industry conference call
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12:29 EDTAETHealth 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.
10:00 EDTAETOn The Fly: Analyst Downgrade Summary
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05:41 EDTAETAetna downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Aetna to Neutral citing less favorable sector trends. The firm lowered its price target for shares to $88 from $91.

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