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Stock Market & Financial Investment News

News Breaks
March 21, 2014
11:30 EDTMOH, WLP, CI, ESRX, CNCAnalyst 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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February 24, 2015
13:23 EDTESRXLeerink healthcare technology analyst holds analyst/industry conference call
Healthcare Tech & Distribution Analyst Larsen discusses th 2016 Pharmacy Benefits Management (PBM) selling season, the impact of the Hep C PBM formulary negotiations on the selling season and specialty drug trend and areas of opportunity for PBMs on an Analyst/Industry conference call to be held on March 5 at 2 pm.
10:06 EDTCNCHigh option volume stocks
High option volume stocks: CHGG LBTYK SMH RCAP NGLS OTEX TERP CNC ALKS AMT
08:00 EDTCNCCentene subsidiary announces successful reprocurement of foster care contract
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07:04 EDTCIUroplasty announces positive coverage decision for tibal nerve stimulation
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February 23, 2015
19:40 EDTCI, MOH, CNCLeerink healthcare services analyst holds an analyst/industry conference call
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18:02 EDTESRXOn The Fly: After Hours Movers
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16:04 EDTESRXExpress Scripts sees Q1 EPS $1.07-$1.11, consensus $1.16
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16:03 EDTESRXExpress Scripts sees FY15 EPS $5.35-$5.49, consensus $5.44
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16:02 EDTESRXExpress Scripts reports Q4 EPS 1.39, consensus $1.38
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15:23 EDTESRXNotable companies reporting after market close
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12:21 EDTMOH, CNC, CIOn The Fly: Midday Wrap
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11:10 EDTMOH, CI, CNCHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
08:05 EDTCI, CNC, MOHCMS releases preliminary Medicare Advantage rates for 2016
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06:28 EDTESRXExpress Scripts weekly volatility elevated into Q4 and outlook
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February 20, 2015
08:51 EDTMOHMolina Healthcare estimates raised above Street at Sterne Agee
Sterne Agee raised its 2015 EPS estimate for Molina to $3 from $2.13 and increased its 2016 EPS estimate for the company to $4 from $2.95. The firm thinks the company's medical cost results will be better than its current guidance.
08:41 EDTCIInsurers should be bought on weakness related to MA rates, says BMO Capital
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February 18, 2015
07:57 EDTCICigna management to meet with UBS
Field trip to company headquarters to be held in Bloomfield, CT on February 18 hosted by UBS.
06:56 EDTCI, MOH, WLP, CNCObamacare enrollment exceeded goal, Politico reports
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05:36 EDTESRXExpress Scripts to host investor meeting
Investor meeting to be held in St. Louis on February 25 at 8:30 am. Webcast Link
February 17, 2015
17:29 EDTESRXBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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