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Stock Market & Financial Investment News

News Breaks
March 7, 2013
07:45 EDTCICigna to reaffirm consolidated adjusted income from ops estimates for FY13
Beginning on March 7 and through March 12, Cigna officials expect to participate in meetings and discussions with investors and analysts, including the Barclays Global Healthcare Conference. During these meetings, company officials expect to reaffirm consolidated adjusted income from operations estimates for FY13, which remain in the range of $1.70B-$1.83B. Because the company’s earnings outlook is based on consolidated adjusted income (loss) from operations, the company’s FY13 financial outlook does not include the after-tax charge of approximately $500M to be recorded in the 1Q13 related to the transaction to exit its run-off reinsurance operations, including the Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits businesses, effective as of February 4. Company officials also expect to reaffirm the outlook for medical membership for FY13, as discussed on the Company’s 4Q12 earnings conference call. Comments taken from an 8-K filing.
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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