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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:27 EDTCINew York AG says Cigna to pay $23K in claims settlement
New York Attorney General Eric Schneiderman announced that his office has reached a settlement with Cigna, requiring the health insurer to reprocess and pay hundreds of claims for nutritional counseling for mental health conditions, in particular eating disorders, to members it said were wrongfully denied those benefits. Pursuant to the settlement, Cigna has agreed to eliminate the three-visit cap for mental health conditions and to reprocess and pay members whose claims were denied due to the limit, totaling approximately $33,000. Cigna will also conduct in-service training for its claim and clinical review staff regarding the removal of visit limits for nutritional counseling prescribed for mental health disorders. Under the settlement, Cigna will also pay $23,000 to the OAG as a civil penalty.
News For CI From The Last 14 Days
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September 30, 2014
07:34 EDTCICigna management to meet with Deutsche Bank
Meeting to be held in Frankfurt on September 30 hosted by Deutsche Bank.
September 29, 2014
08:22 EDTCICigna management to meet with Deutsche Bank
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September 24, 2014
06:45 EDTCIGovernment says more health insurers to enter exchanges in 2015, NY Times says
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September 23, 2014
11:19 EDTCICigna, Virginia Quality Care Partners announce collaboration
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September 22, 2014
06:54 EDTCICigna removed from short-term buy list at Deutsche Bank
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September 19, 2014
06:49 EDTCIGovernment says 7.3M in private Obamacare plans, NY Times reports
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September 17, 2014
10:00 EDTCIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
08:38 EDTCICigna upgraded to Positive from Neutral at Susquehanna
As previously reported, Susquehanna upgraded Cigna to Positive from Neutral. The firm believes Cigna's earnings are poised to accelerate driven by a reduction in ACA related losses, conservative medical cost ratio assumptions, buybacks, and normal business growth. Price target raised to $115 from $77.
07:06 EDTCICigna upgraded to Positive from Neutral at Susquehanna

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