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Stock Market & Financial Investment News

News Breaks
February 22, 2014
19:13 EDTHUM, UNH, AETCMS proposes 2015 payment policy updates for Medicare Advantage plans
Late Friday afternoon, the Centers for Medicare & Medicaid Services or CMS released its annual Advance Notice and draft Call Letter for 2015, which proposes payment and policy updates for Medicare Advantage services. In the notice, CMS said in part, "The current estimate of the change in the national per capita MA growth percentage for aged and disabled enrollees combined in CY 2015 is -3.55 percent. This estimate reflects an underlying trend change for CY 2015 in per capita cost of -0.07 percent and, as required under section 1853(c)(6)(C) of the Act, adjustments to the estimates for prior years..." UnitedHealth Group (UNH), Humana (HUM) and Aetna (AET) are among the insurers who manage private plans for Americans eligible for Medicare. Shares of the insurers fell in after-hours trading on Friday with Humana posting the steepest decline of over 4%. Reference Link
News For HUM;UNH;AET From The Last 14 Days
Check below for free stories on HUM;UNH;AET the last two weeks.
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August 14, 2014
14:13 EDTUNHOmega Advisors gives quarterly update on stakes
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08:06 EDTHUMHumana management to meet with Oppenheimer
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08:05 EDTHUMHumana management to meet with UBS
Meetings to be held in Denver/Minneapolis on August 14 hosted by UBS.
August 12, 2014
06:35 EDTAET, HUMManged Care recent pullback a buying opportunity, says Leerink
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August 8, 2014
07:59 EDTUNHBenefitfocus price target raised to $45 from $41 at Canaccord
Canaccord raised its price target on Benefitfocus (BNFT) to $45 from $41 following its better than expected Q2 results. The firm cited continued momentum, its United Health (UNH) win, and its potential to establish itself as one of the premier vendors in the benefits administration space. Canaccord keeps a Buy rating on Benefitfocus.
August 7, 2014
14:06 EDTAETReinsurance Group names Tim Matson as Chief Investment Officer
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13:23 EDTAET, HUM, UNHLeerink healthcare services analyst holds an analyst/industry conference call
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12:29 EDTAET, UNHHealth insurers fall after two downgrades from Goldman
Shares of a number of health insurers are falling after Goldman Sachs downgraded its rating on one stock in the sector and removed another from its Conviction List. WHAT'S NEW: Goldman analyst Matthew Borsch downgraded his rating on Aetna (AET) to Neutral from Buy and removed UnitedHealth (UNH) from the firm's Conviction List, as he believes that other stocks in the healthcare sector are more attractive. Utilization of healthcare services by individuals who don't have the Affordable Care Act is likely to show signs of increasing by 2015, posing a "manageable" challenge to health insurers, Borsch wrote. However, the increase in the utilization of these services is likely to be "relatively gradual" compared with similar trends in the past, the analyst contended. Borsch based his forecast on healthcare spending trends during previous economic recoveries. He reduced his 2015 earnings estimate for Aetna to $7 from $7.10 and for United Health to $5.95 from $6. He reduced his 2015 EPS estimates for other companies in the sector, as his earnings outlook for WellPoint (WLP) declined to $9.20 from $9.35, while his estimate for Cigna (CI) for next year dropped to $7.90 from $8. The analyst kept Neutral ratings on both WellPoint and Cigna. Meanwhile, Borsch cut his price target on Aetna to $88 from $91 and on UnitedHealth to $91 from $96. PRICE ACTION: In early afternoon trading, Aetna fell 3% to $76, UnitedHealth slumped 2.5% to $79.50, WellPoint declined 2.5% to $108, and Cigna retreated 2.5% to $89.
10:00 EDTUNH, AETOn The Fly: Analyst Downgrade Summary
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05:41 EDTAETAetna downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Aetna to Neutral citing less favorable sector trends. The firm lowered its price target for shares to $88 from $91.
05:40 EDTUNHUnitedHealth downgraded to Buy from Conviction Buy at Goldman
Goldman Sachs downgraded UnitedHealth to Buy saying it sees better opportunities elsewhere within healthcare given its expectations for a stronger utilization environment. The firm dropped its price target for shares to $91 from $96.

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