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Stock Market & Financial Investment News

News Breaks
March 21, 2014
11:30 EDTESRX, WLP, CNC, CI, MOHAnalyst sees Express Scripts benefiting from WellPoint member growth
After health insurer WellPoint (WLP) estimated that the number of people using its health insurance would rise by 1M-1.3M this year, Citigroup expects Express scripts to benefit from the increase. WHAT'S NEW: WellPoint announced that it expects its medical member base to rise by 1M-1.3M in 2014. The company also increased its 2014 earnings per share guidance to at least $8.20 per share, up from $8. In a note to investors earlier today, Citigroup analyst Garen Sarafian wrote that WellPoint had increased the outlook for its medical membership base from previous levels and that the insurer now predicts that the number of its medical members will rise by 3%-4% in 2014. Express Scripts, which provides pharmacy benefit management services for WellPoint, obtained over 12% of its 2013 revenue from WellPoint, the analyst stated. WellPoint's stronger than expected growth could lift Express Script's 2014 earnings per share by up to 7c, wrote Sarafian. He kept a $92 price target and Buy rating on Express Script. PRICE ACTION: In late morning trading, Express Scripts lost 0,4% to $77.65 and WellPoint added 0.7% to $100.45. WHAT'S NOTABLE: Other health insurers are rising in the wake of WellPoint's announcement, with Centene (CNC), Cigna (CI), and Molina (MOH) all higher by about 1%.
News For ESRX;WLP;CNC;CI;MOH From The Last 14 Days
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October 22, 2014
09:23 EDTESRXExpress Scripts getting more aggressive on pricing, says Cleveland Research
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October 20, 2014
13:01 EDTWLPWellPoint renews agremeent with Healthways to continue SilverSneakers program
SilverSneakers Fitness program will continue to be available to most members of WellPoint’s (WLP) affiliated Medicare Advantage plans as a result of its renewed agreement with Healthways (HWAY), which administers the popular program. SilverSneakers offers fitness programs geared toward older adults, including strength training and aerobic and flexibility exercises. The program offers WellPoint affiliated Medicare Advantage members full memberships at participating fitness facilities nationwide at no extra cost.
October 15, 2014
07:27 EDTMOH, WLPModern Healthcare to hold a virtual conference
Building Tomorrow's Delivery Model: Forging a Path to Value is being held on October 15 at 9:30 am. Webcast Link
October 14, 2014
10:01 EDTCIOn The Fly: Analyst Downgrade Summary
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08:40 EDTCICigna downgraded at Sterne Agee
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05:49 EDTCICigna downgraded to Neutral from Buy at Sterne Agee
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October 13, 2014
07:39 EDTESRXPharmaceutical Care Management Association to hold annual meeting
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