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Stock Market & Financial Investment News

News Breaks
February 7, 2014
11:03 EDTCNC, HNT, MOH, WLP, CI, UNH, HS, AGP, HUM, AET, WCGCigna tumbles after profit forecast trails estimates
Shares of global health service company Cigna (CI) are falling after the company reported mixed fourth quarter results, and issued a disappointing profit forecast for fiscal 2014. WHAT'S NEW: This morning, Cigna reported Q4 adjusted earnings per share of $1.39 and revenue of $8.15B, against consensus views of $1.57 and $8.09B, respectively. The company forecast FY14 profit of $6.80-$7.20, significantly trailing analystsí expectations of $7.31. The company expects FY14 global medical customer growth of 1%-2%, and sees continued growth in targeted customer segments. ANALYST REACTON: This morning, research firm Susquehanna downgraded Cigna to Neutral from Positive due to lower profits in both its Healthcare and Supplemental Benefits segments, and Q4 pressures in Medicare Advantage. The firm cut its price target on the shares to $77 from $102. PRICE ACTION: In morning trading, Cigna is down $8.10, or 9.5%, to $77.27 on nearly twice its average daily trading volume. Despite the slide, the stock is up over 26% in the past twelve months. OTHERS TO WATCH: Other publicly traded companies in the healthcare space include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).
News For WCG;HS;MOH;AET;UNH;HNT;HUM;CI;CNC;AGP;WLP From The Last 14 Days
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August 26, 2015
12:02 EDTAETAetna, MemorialCare announce accountable care collaboration in California
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08:04 EDTUNHHCA Holdings UnitedHealth weakness creates buying opportunity, says Oppenheimer
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August 24, 2015
18:02 EDTUNHS&P 500 enters correction territory amid global growth concerns
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August 21, 2015
08:13 EDTUNHUnitedHealth has reached attractive entry point, says BMO Capital
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August 20, 2015
08:03 EDTCNCCentene subsidiary wins statewide foster care contract
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August 18, 2015
07:57 EDTWCG, UNHMagellan Iowa loss largely priced into shares, says Jefferies
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August 17, 2015
16:12 EDTWCG, UNHMagellan drops after Iowa picks four others for Medicaid
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15:57 EDTUNHUnitedHealth up 2.4% after being awarded Iowa healthcare contract
15:56 EDTWCGWellCare up 4.5% after being awarded Iowa healthcare contract
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15:55 EDTUNH, WCGWellCare, Amerigroup, UnitedHealth, AmeriHealth awarded Iowa healthcare contract
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05:59 EDTAETStocks with implied volatility movement; AET PMCS
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August 14, 2015
17:24 EDTUNHUnitedHealth names Tom Roos as Chief Accounting Officer
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13:03 EDTHUMOmega Advisors gives quarterly update on stakes, discloses stake in Google
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August 13, 2015
09:19 EDTHUM, AETAetna management struck confident tone in meetings, says Jefferies
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