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Stock Market & Financial Investment News

News Breaks
February 26, 2014
11:04 EDTCI, WCG, WLP, HS, AGP, CNC, MOH, AET, HNT, UNH, HUMCiti cuts Humana to Sell following recent rally in shares
Citigroup downgraded health insurer Humana (HUM) to Sell from Neutral in a note to investors earlier today. WHAT'S NEW: Humana's strategy of looking to recruit more members while deemphasizing profit margins is "riskier," Citigroup analyst Carl McDonald wrote in a note to investors. Moreover, Humana has estimated that Medicare reimbursement rates are likely to decline 3.5%-4% next year. Meanwhile, Centers for Medicare and Medicaid Services has proposed a rule that would force insurance companies to pay for at-home visits of certain patients in order to assess their condition, the analyst added. Humana has said its outlook for Medicare rates does not include the costs of this rule, and has warned that the rule could have a "significant" negative impact on Medicare rates next year, McDonald wrote. The company's risk/reward ratio "doesn't seem great" ahead of April 7, he contended. On that date, CMS is expected to announce final 2015 reimbursement rates for Medicare Advantage. McDonald kept a $95 price target on Humana. OTHERS TO WATCH: Other publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).PRICE ACTION: In mid-morning trading, Humana added 0.9% to $111.50.
News For HUM;UNH;HNT;AET;MOH;CNC;AGP;HS;WLP;WCG;CI From The Last 14 Days
Check below for free stories on HUM;UNH;HNT;AET;MOH;CNC;AGP;HS;WLP;WCG;CI the last two weeks.
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August 28, 2014
08:08 EDTCNCCentene's Missouri subsidiary receives accreditation rating by NCQA
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August 27, 2014
19:16 EDTCNCAviv REIT to replace Centene in S&P 600 as of 9/3 close
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19:15 EDTCNCCentene to replace MICROS in S&P 400 as of 9/3 close
August 26, 2014
08:30 EDTHNTHealth Net Federal Services receives URAC disease management reaccreditation
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August 24, 2014
21:53 EDTUNHNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
August 21, 2014
16:09 EDTCICigna expects to reaffirm FY14 income guidance of $1.94B-$2.0B
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August 20, 2014
08:31 EDTHNTCognizant deal with Health Net has encouraging read through, says Cowen
Cowen noted Cognizant (CTSH) shareholders were concerned over its deal with Health Net (HNT) but noted management feels the deal is a true partnership. The firm feels management's positive comments are encouraging and address the execution and profitability concerns of shareholders. Shares of Cognizant are Outperform rated with a $50 price target.
August 19, 2014
08:32 EDTHNTHealth Net says CFO Joseph Capezza to retire
Health Net announced that James Woys has been named executive vice president, chief financial and operating officer, and interim treasurer, effective September 2. This is a new position. Woys has been executive vice president and COO since November 2007. Previously Woys served as acting CFO from November 2006 through October 2007. The company announced that Joseph C. Capezza, currently executive vice president, CFO and treasurer, will retire as CFO. He will have a consulting contract with the company through year end to assist with transition issues. Capezza has been Health Netís CFO since November 2007.
August 18, 2014
10:01 EDTWCGOn The Fly: Analyst Downgrade Summary
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09:00 EDTHNTHealth Net fundamentals remain favorable, says Susquehanna
Susquehanna said Health Net (HNT) fundamentals remain favorable following meetings with management. The firm cited the company's conservative outlook and the benefit of its back office contract with Cognizant (CTSH) which positions the company well for sustainable earnings growth through 2016. Shares of Health Net remain Positive rated with a $55 price target on the shares.
08:46 EDTWCGWellCare downgraded at Wedbush
As noted earlier, Wedbush downgraded WellCare to Neutral from Outperform. The firm no longer sees the company as a takeover candidate, and it thinks that the company will need at least 2-3 years to turn itself around. Target to $55 from $70.
07:22 EDTWCGWellCare downgraded to Neutral from Outperform at Wedbush
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August 14, 2014
17:00 EDTCIGreenlight Capital gives quarterly update on stakes
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16:11 EDTWCGWellCare expects to appoint Andrew Asher as CFO in November
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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.

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