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Stock Market & Financial Investment News

News Breaks
February 10, 2014
11:30 EDTAETAetna price target raised to $75 from $65 at Cantor
Cantor raised its price target on Aetna to $75 citing the company's progress over the past year and the firm's belief that the Coventry purchase significantly enhances the company's government business. The firm maintains its Hold rating on the stock, citing uncertainty about rates and utilization headwinds.
News For AET From The Last 14 Days
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April 24, 2014
06:34 EDTAETAetna reports Q1 Health Care revenue $13.2B
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06:33 EDTAETAetna sees FY14-end membership of at least 23M
06:33 EDTAETAetna raises FY14revenue to $56B-$57B from at least $54B, consensus $54.89B
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06:03 EDTAETAetna raises FY14 EPS to $6.35-$6.55 from at least $6.25, consensus $6.38
06:03 EDTAETAetna reports medical membership totaled over 22.7M at March 31
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06:02 EDTAETAetna reports Q1 adjusted EPS $1.98, consensus $1.56
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April 23, 2014
15:35 EDTAETNotable companies reporting before tomorrow's open
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14:36 EDTAETEarnings Preview: Aetna shares relatively flat since last earnings report
Aetna (AET) is scheduled to report first quarter earnings before the market open on Thursday, April 24 with a conference call scheduled for 8:30 am ET. Aetna operates as a diversified health care benefits company in the United States. EXPECTATIONS: Analysts are looking for earnings per share of $1.56 on revenue of $13.72B, according to First Call. The consensus range for EPS is $1.44-$1.63 on revenue of $13.31B-$14.28B. LAST QUARTER:On February 6, Aetna reported fourth quarter EPS of $1.34 against estimates of $1.36 on revenue of $13.1B against estimates of $13.14B. In its Q4 report, Aetna said it sees medical membership rising by 50,000 at end of Q1. On April 17, Aetna and other health insurers fell after UnitedHealth (UNH) reported lower than expected Q1 revenue and cited taxes levied by the Affordable Care Act and weak funding of Medicare Advantage by the government weighed on results. STREET RESEARCH: On March 25, FBR Capital removed Aetna from its Top Picks List due to share performance. PRICE ACTION: Shares of Aetna are up approximately 1.5% to $68.99 since its last earnings report. Shares are fractionally higher today in afternoon trading.
07:00 EDTAETTerrapinn to hold a conference
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April 17, 2014
12:53 EDTAETOn The Fly: Midday Wrap
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10:51 EDTAETHealth insurers slide after UnitedHealth results, cautious comments
Shares of a number of health insurers are falling after the largest company in the sector, UnitedHealth (UNH), reported slightly higher than expected first quarter profit but lower than expected revenue. WHAT'S NEW: UnitedHealth's first quarter earnings per share came in at $1.10, versus the consensus outlook of $1.09. The insurer reported revenue of $31.71B, compared with the consensus outlook of $31.99B. Taxes levied by the Affordable Care Act and weak funding of Medicare Advantage by the government weighed on UnitedHealth's earnings, the company stated. Also pushing down the company's earnings was "a very expensive," new Hepatitis C therapy, UnitedHealth stated on its earnings conference call. Hepatitis C treatments cost UnitedHealth hundreds of millions of dollars in the first quarter, the company stated, though it also noted that demand for the treatments should drop going forward as initial pent-up demand for them starts to decline. The company indicated that it was looking to be reimbursed by states for the money it is spending on hepatitis vaccines for Medicaid patients. Meanwhile, UnitedHealth reiterated its fiscal 2014 EPS guidance of $5.40-$5.60 and its fiscal 2014 revenue guidance of $128B-$129B. PRICE ACTION: In mid-morning trading, UnitedHealth sank 3.7% to $75.31. Other health insurers also declined, with WellPoint (WLP) dropping 4% to $91.89, Aetna (AET) falling 3.3% to $67.54, Humana (HUM) declining 2.25% to $106.35, and Health Net (HNT) sliding 1% to $31.74.
April 16, 2014
10:08 EDTAETUnitedHealth retreats after Citi cuts rating on shares
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April 15, 2014
06:32 EDTAETPatients paying much more for specialty drugs, NY Times says
The amount that patients with certain diseases must pay for specialty drugs has increased significantly, a research firm reported, according to The New York Times. Meanwhile, consumers' use of health care increased in 2013 for the firm time in three years, the newspaper quoted the firm, the IMS Institute for Healthcare Informatics, as saying. Publicly traded drug makers include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).Reference Link
April 11, 2014
10:05 EDTAETAetna, Tenet form accountable care collaboration in San Antonio
Aetna (AET), Tenetís (THC) Baptist Health System and HealthTexas Medical Group announced an accountable care collaboration and the introduction of the Aetna Whole Health product in the San Antonio area. The health plans, designed for fully insured customers with employees who live or work in Bexar, Guadalupe, Comal and Kendall counties, will be available on July 1.

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