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Stock Market & Financial Investment News

News Breaks
August 21, 2014
16:09 EDTCICigna expects to reaffirm FY14 income guidance of $1.94B-$2.0B
Cigna Corporation officials expect to participate in meetings and events with investors and analysts over the next several weeks, including the Morgan Stanley Global Healthcare Conference. During these meetings, company officials expect to reaffirm projected FY14 consolidated adjusted income from operations, which remains in the range of $1.94B-$2.0B. Company officials also expect to reaffirm projected 2014 global medical customer growth, excluding limited benefits, of approximately 1%-2% over year end 2013. In connection with U.S. health care reform legislation, the company ceased offering limited medical benefits products effective December 31, 2013. Therefore, in determining medical customer growth expectations for 2014, the company has excluded these products from the year end 2013 customer numbers.
News For CI From The Last 14 Days
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April 13, 2015
10:58 EDTCICigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTCIJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).

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