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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
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October 28, 2014
07:38 EDTUNHOptum to acquire Alere Health in $600M cash transaction
Optum, part of UnitedHealth, and Alere announced that Optum has entered into a definitive agreement to acquire Alere Health and its subsidiaries, which provide condition management, case management, wellbeing, wellness and women’s and children’s health services to more than 200 regional and local health plans, 89 Fortune 500 employers and 29 states. Alere Health’s services are offered to more than 22 million people across the U.S. The $600M cash transaction is subject to customary regulatory approval and other closing conditions. Such conditions for Alere include consent of the required lenders under Alere’s senior secured credit facility. The transaction does not require the approval of Alere’s shareholders. Covington Associates is serving as financial advisor and Foley Hoag LLP is serving as legal advisor to Alere.
06:05 EDTAETAetna reports Q3 Health Care business revenue $14B
The 14% increase is due primarily to membership growth in both of Aetna's Government and Commercial businesses, as well as the effects of pricing actions designed to recover the fees and taxes mandated by health care reform. Reports Q3 Group Insurance revenue $621.4M; Reports Q3 Large Case Pensions revenue $86.3M
06:04 EDTAETAetna reports Q3 medical membership totaled 23.6M at September 30, 2014
Sequentially, third-quarter 2014 medical membership increased by 470,000 due to growth in Aetna's Commercial ASC and Government products. Aetna's third-quarter 2014 Commercial MBR increased over the prior year's MBR primarily as a result of medical cost performance in the smaller middle-market business, costs associated with new hepatitis C treatments, and performance in the individual business, which reflects the impact of programs mandated by health care reform in 2014. This result was partially offset by higher premiums driven in part by pricing actions designed to recover the fees and taxes mandated by health care reform. In the third quarter of 2014, we experienced favorable development of prior-period health care cost estimates in each of our core products, primarily attributable to second quarter 2014 performance.
06:03 EDTAETAetna projects Coventry integratoin earnings accretion of 60c per share
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06:03 EDTAETAetna raises FY14 operating EPS to $6.60-$6.70 from $6.45-$6.60, consensus $6.59
06:02 EDTAETAetna reports Q3 operating EPS $1.79, consensus $1.58
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October 27, 2014
15:36 EDTAETNotable companies reporting before tomorrow's open
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07:28 EDTUNH, HUMMedical Group Management Association to hold a conference
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October 23, 2014
13:40 EDTAETWal-Mart's Sam's Club offering services to small businesses
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October 22, 2014
13:58 EDTHUMHumana hires Goldman to explore sale of urgent care unit, Reuters reports
Humana has hired investment bank Goldman Sachs to advise on a potential sale of its urgent care subsidiary, Concentra, according to Reuters, citing three people familiar with the matter. A deal could value the subsidiary, which Humana acquired less than four years ago, at around $1B, the report noted. Reference Link
October 17, 2014
10:00 EDTUNHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
07:27 EDTUNHUnitedHealth upgraded to Outperform from Market Perform at Leerink
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06:09 EDTUNHUnitedHealth upgraded to Outperform from Market Perform at Leerink
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October 16, 2014
09:29 EDTUNHUnitedHealth contines to see stable trends across businesses
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09:23 EDTUNHOn The Fly: Pre-market Movers
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09:12 EDTUNHUnitedHealth expects top, bottom-line growth acceleration in next two years
Says seeing steady progress across all businesses. Believes products well positioned locally. Says on-course to participate in 2 dozen state exchanges in FY15. Says consensus estimates for FY15 outlook are "well calibrated". Says "feels good" about the company's FY15 position. Expects to grow meaningfully at sustainable margins in FY15. Expects to grow earnings across the board for FY15. Says all of its businesses are better positioned for FY15 as opposed to FY14. Says Obamacare exchange business is expected to be profitable in FY15. Says Optum unit sales will be above targets. Says will grow y just under 1M Medicaid members this year. Comments made during the company's Q3 earnings conference call.
06:10 EDTUNHUnitedHealth reports Q3 Employer & Individual revenue $10.6B
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06:08 EDTUNHUnitedHealth: Affordable Care Act reduced Q3 by 80 basis points
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06:07 EDTUNHUnitedHealth sees FY14 EPS $5.60-$5.65, consensus $5.58
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06:01 EDTUNHUnitedHealth reports Q3 EPS $1.63, consensus $1.53
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