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Stock Market & Financial Investment News

News Breaks
January 28, 2013
09:06 EDTCICigna could divest VADBe business, says Credit Suisse
Credit Suisse believes Cigna could divest its Variable Annuity Death Benefit business, or VADBe, given the complexities of understanding the business and the constraint on valuation. The analyst believes an exit is increasingly likely given a recent transaction in the space, increased interest by buyers, and improved equity markets. The firm believes a divestiture would increase Cigna's multiple and reiterates its Outperform rating and $28 price target.
News For CI From The Last 14 Days
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May 22, 2015
12:39 EDTCICigna May June volatility elevated
Cigna June call option implied volatility is at 29, July is at 26, October is at 27; compared to its 52 week range of 16 to 31, suggesting large near term price movement.
May 19, 2015
12:04 EDTCIAnthem CFO says 'good time' for 'meaningful' acquisition, Reuters reports
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May 13, 2015
10:18 EDTCIAnalyst says sell Humana amid 'wishful' takeover speculation
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06:12 EDTCIHumana downgraded to Underperform from Neutral at Sterne Agee CRT
Sterne Agee CRT analyst Brian Wright downgraded Humana (HUM) to Underperform saying speculation about a takeover is "wishful thinking" at current share levels. The stock rallied 4% yesterday after Leerink told investors that Aetna (AET) may acquire Humana or Cigna (CI) in the near-term. Wright also sees "material" risk to Humana's earnings guidance risk with paid claims outpacing premium growth. He lowered his price target for shares to $150 from $165. Humana shares closed yesterday up $6.76 to $173.38.
May 12, 2015
15:39 EDTCICigna May volatility elevated
Cigna May call option implied volatility is at 35, June is at 28, and August is at 30; compared to its 90-day average of 31, suggesting large near term price movement.
11:53 EDTCIAnalyst predicts large transaction 'imminent' for Aetna
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