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Stock Market & Financial Investment News

News Breaks
February 7, 2014
11:03 EDTWLP, CI, UNH, HS, AGP, HUM, AET, WCG, CNC, HNT, MOHCigna 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 analysts’ 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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December 16, 2014
08:13 EDTCNCCentene price target raised to $125 from $108 at Cantor
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07:57 EDTCNCCentene price target raised to $118 from $102 at Credit Suisse
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December 15, 2014
16:02 EDTWCGWellCare names current COO Kenneth Burdick as CEO
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09:01 EDTHUMHumana appoints Cynthia Zipperle as Chief Accounting Officer
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08:41 EDTCNCCentene price target raised to $120 from $100 at Leerink
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07:40 EDTWLPExpress Scripts price target raised to $96 from $82 at UBS
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December 12, 2014
13:52 EDTUNH, HUM, AETLeerink healthcare services analyst holds an analyst/industry conference call
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08:46 EDTAETAetna price target raised to $103 from $92 at Credit Suisse
Credit Suisse raised Outperform rated Aetna's price target to $103 based on updated guidance and longer term growth opportunities.
08:03 EDTAETAetna 2015 EPS guidance cautious, says Wells Fargo
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06:06 EDTCNCCentene sees FY15 EPS $5.05-$5.35, consensus $4.92
Sees FY15 premium and service revenues $20.3B-$20.8B.
06:05 EDTCNCCentene backs FY14 EPS view of $4.35-$4.50, consensus $4.28
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December 11, 2014
08:50 EDTAETAetna sees operating EPS highest in 1Q15
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December 10, 2014
17:04 EDTAETAetna sees FY15 operating EPS at least $6.90, consensus $7.17
Sees FY15 operating revenue at least $62B, consensus $61.68B. Guidance to be confirmed at investor conference in New York on December 11.
17:02 EDTAETAetna backs FY14 operating EPS $6.60-$6.70, consensus $6.68
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16:29 EDTHNTHealth Net to reaffirm 2014 guidance at investor meetings
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14:45 EDTCI, WCG, AET, UNH, AGP, MOH, WLP, HS, CNC, HUM, HNTDeal would block payments to health insurance companies, The Hill says
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10:56 EDTHUMSaint Luke's enters into agreement with Humana
Saint Luke’s Health System and Humana announced an agreement through which Humana will offer a new health insurance plan to Missourians purchasing insurance through the Missouri Health Insurance Marketplace, also known as an exchange.
December 9, 2014
14:22 EDTAETAetna updates clinical policy for H.P. Acthar Gel
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10:31 EDTCNCCentene to host investor meeting
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December 8, 2014
16:08 EDTMOHMolina Healthcare awarded contract to administer Puerto Rico’s Medicaid program
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