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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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November 14, 2014
16:52 EDTCIGreenlight Capital gives quarterly update on stakes
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November 12, 2014
08:58 EDTCIManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
November 11, 2014
12:55 EDTCIWorkarounds to likely protect insurers from Supreme Court decision, says Wedbush
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November 10, 2014
06:29 EDTCICigna to restructure HIV prescription drug benefits, WSJ reports
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