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February 7, 2014
11:03 EDTAGP, HUM, AET, WCG, CNC, HNT, MOH, WLP, CI, UNH, HSCigna 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).
Check below for free stories on WCG;HS;MOH;AET;UNH;HNT;HUM;CI;CNC;AGP;WLP the last two weeks.
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April 15, 2014
06:32 EDTWLP, HS, CI, WCG, AGP, MOH, HNT, UNH, CNC, AET, HUMPatients paying much more for specialty drugs, NY Times says
The amount that patients with certain diseases must pay for specialty drugs has increased significantly, a research firm reported, according to The New York Times. Meanwhile, consumers' use of health care increased in 2013 for the firm time in three years, the newspaper quoted the firm, the IMS Institute for Healthcare Informatics, as saying. Publicly traded drug makers include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).Reference Link
April 14, 2014
10:23 EDTWCGHigh option volume stocks: CCL WCG LSI INTU IACI
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April 11, 2014
10:05 EDTAETAetna, Tenet form accountable care collaboration in San Antonio
Aetna (AET), Tenetís (THC) Baptist Health System and HealthTexas Medical Group announced an accountable care collaboration and the introduction of the Aetna Whole Health product in the San Antonio area. The health plans, designed for fully insured customers with employees who live or work in Bexar, Guadalupe, Comal and Kendall counties, will be available on July 1.
April 10, 2014
15:56 EDTWCG, WLPWellCare rumored to be takeover target, Betaville blog says
Wellcare (WCG) which has previously been speculated as a takeover target by analysts, is being studied as a target by Wellpoint (WLP), according to the Betaville blog, which cites sources familiar with the matter. Shares of WellCare, which have been lower throughout the session, briefly spiked following the blog post, but have returned to negative territory in late afternoon trading. Reference Link
15:52 EDTWCGWellCare rumored to be takeover target, Betaville blog says
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April 8, 2014
11:02 EDTHUMHumana now sees 2015 CMS Medicare Advantage funding decline of 3%
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10:18 EDTWCG, HUM, UNH, AET, WLP, HNT, CICMS says Medicare Advantage reimbursement to rise in 2015
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09:23 EDTUNH, WLP, WCG, MOH, AET, CI, CNC, HNT, HUMLeerink views final rates as favorable for MA plans
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April 7, 2014
19:13 EDTHS, CI, UNH, WLP, AGP, AET, CNC, HNT, HUM, WCG, MOHCMS issues 2015 rate announcement for Medicare Advantage and Part D programs
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10:02 EDTCICigna announces first collaborative care program in South Florida
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