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News Breaks
August 6, 2014
08:36 EDTHNTHealth Net reports Q2 EPS 42c, consensus 56c
Reports Q revenue $3.42B, consensus $3.4B. Total enrollment in the Western Region at June 30 was approximately 2.9M members, an increase of 17.4% from enrollment at June 30, 2013. Total enrollment in the company’s California health plans at June 30 was approximately 2.5M members, an increase of 14.3% from enrollment at June 30, 2013. Enrollment in the company’s Medicare Advantage plans was 262,000 members at June 30, which represents an 11.0% increase compared with enrollment of 236,000 members at June 30, 2013. Medicaid enrollment increased 25.6% to 1.4M members at June 30, compared with approximately 1.1M members as of June 30, 2013, primarily due to Medicaid expansion under the ACA.
News For HNT From The Last 14 Days
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May 29, 2015
13:50 EDTHNTHumana surges after report says sale being explored
Shares of health insurer Humana (HUM) are surging in afternoon trading after a report claimed the company is exploring a potential sale after receiving indications of takeover interest. WHAT'S NEW: The Wall Street Journal, citing sources, reported that Humana has hired Goldman Sachs (GS) to help it explore a potential sale after receiving indications of interest. Some of the Journal's sources reportedly said Aetna (AET) and Cigna (CI) are among possible bidders. WHAT'S NOTABLE: After meeting with Aetna's (AET) management, Leerink analyst Ana Gupte wrote in a note to investors on May 12 that consolidation in the industry remains likely, adding that a deal between Aetna and either Cigna or Humana were both "meaningfully accretive" and "imminent" possibilities. The next day, Sterne Agee analyst Brian Wright said Humana was unlikely to be acquired with its stock where it has recently been trading. Wright, who added that speculation about a takeover is "wishful thinking," downgraded Humana shares to Underperform, the firm's sell equivalent rating, and cut his price target on the stock to $150 from $165. OTHERS TO WATCH: Other publicly traded companies in the space include Anthem (ANTM), Centene (CNC), Health Net (HNT), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). PRICE ACTION: In afternoon trading, Humana jumped 17.33% to $209.33, Aetna rose 2.1% to $118.84 and Cigna gained 4.45% to $141.91.
May 27, 2015
06:44 EDTHNTHealth Net to reaffirm FY guidance
Members of the management team of Health Net expect to meet with investors and analysts from time to time beginning on May 27 through and including June 9. Some of these meetings are expected to take place at (i) the Jefferies 2015 Healthcare Conference on June 2, where the company is also scheduled to give a presentation at approximately 11:30 a.m.; and (ii) the Goldman Sachs 36th Annual Global Healthcare Conference on June 9, where the company is also scheduled to give a presentation at approximately 11:00 a.m. During these presentations and meetings, the company intends to address its prospects and historical performance, and reaffirm the company’s earnings guidance for the full year 2015, as previously announced in a press release issued on May 4. On May 4, Health Net raised its FY15 combined EPS view to $3.25-$3.35 and maintained its FY15 GAAP EPS view of "at least" $2.70. Consensus is $3.34.
May 26, 2015
07:19 EDTHNTLeerink to hold a tour
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