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Stock Market & Financial Investment News

News Breaks
January 22, 2013
09:04 EDTWCG, AETWellCare to acquire Aetna's Missouri care, terms not disclosed
WellCare (WCG) announced that it has entered into an agreement to acquire Missouri Care, a subsidiary of Aetna (AET). WellCare anticipates that the transaction will close in the next 90 days. Because WellCare has not provided financial guidance for 2013 at this time, the company is not providing financial information regarding the Missouri Care transaction or its potential impact on 2013 financial results.
News For WCG;AET From The Last 14 Days
Check below for free stories on WCG;AET the last two weeks.
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August 18, 2014
10:01 EDTWCGOn The Fly: Analyst Downgrade Summary
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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
16:11 EDTWCGWellCare expects to appoint Andrew Asher as CFO in November
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August 12, 2014
06:35 EDTAETManged Care recent pullback a buying opportunity, says Leerink
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August 7, 2014
14:06 EDTAETReinsurance Group names Tim Matson as Chief Investment Officer
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13:23 EDTWCG, AETLeerink healthcare services analyst holds an analyst/industry conference call
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12:29 EDTAETHealth 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 EDTAETOn 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.

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