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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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July 16, 2015
06:03 EDTUNHUnitedHealth raises FY15 EPS to $6.25-$6.35 from $6.15-$6.30, consensus $6.26
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06:01 EDTUNHUnitedHealth reports Q2 EPS $1.64, consensus $1.59
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July 15, 2015
18:08 EDTMOHMolina Healthcare to acquire Medicaid assets of MyCare Chicago
Molina Healthcare and Accountable Care Chicago, also known as MyCare Chicago, jointly announced that Molina Healthcare of Illinois, a wholly owned subsidiary of Molina Healthcare, has entered into a definitive agreement to acquire certain assets of the Medicaid business of MyCare Chicago. As a part of the transaction, Molina Healthcare of Illinois will receive the right to assume MyCare Chicago’s Medicaid members in Cook County, Illinois, as well as certain assets related to the operation of the Medicaid business. Molina Healthcare of Illinois will fund the transaction with available cash on hand. Subject to regulatory approvals and the satisfaction of other closing conditions, the closing of the transaction is expected to occur during Q4.
15:42 EDTUNHUnitedHealth July 125 straddle priced for 2.8% movement into Q2
14:53 EDTUNHNotable companies reporting before tomorrow's open
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12:35 EDTUNHUnitedHealth July volatility elevated into Q2 and outlook
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10:01 EDTHNTOn The Fly: Analyst Downgrade Summary
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10:01 EDTCNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Market Perform from Underperform at Wells Fargo... Anglo American (AAUKY) upgraded to Outperform from Neutral at Credit Suisse... Avis Budget (CAR) upgraded to Buy from Hold at Deutsche Bank... Brookfield Renewable (BEP) upgraded to Neutral from Underperform at Credit Suisse... CSX (CSX) upgraded to Outperform from Sector Perform at RBC Capital... Centene (CNC) upgraded to Buy from Hold at Jefferies... Commerce Bancshares (CBSH) upgraded to Market Perform at Raymond James... Entegris (ENTG) upgraded to Buy at Craig-Hallum... Guess (GES) upgraded to Market Perform from Underperform at Telsey Advisory... Hertz (HTZ) upgraded to Buy from Hold at Deutsche Bank... Iberdrola (IBDRY) upgraded to Buy from Hold at Societe Generale... Liberty Global (LBTYA) upgraded to Conviction Buy from Buy at Goldman... LinkedIn (LNKD) upgraded to Overweight from Equal Weight at Barclays... Lonmin (LNMIY) upgraded to Neutral from Sell at Goldman... Navient (NAVI) upgraded to Overweight from Equal Weight at Barclays... NetApp (NTAP) upgraded to Sector Weight from Underweight at Pacific Crest... Omnicom (OMC) upgraded to Outperform from Market Perform at Wells Fargo... PTC Therapeutics (PTCT) upgraded to Overweight from Neutral at JPMorgan... Panera Bread (PNRA) upgraded to Overweight from Underweight at Piper Jaffray... Primerica (PRI) upgraded to Strong Buy from Market Perform at Raymond James... Sands China (SCHYY) upgraded to Overweight from Equal Weight at Barclays... Seagate (STX) upgraded to Buy at Craig-Hallum... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... Wolseley (WOSYY) upgraded to Overweight from Neutral at JPMorgan.
08:53 EDTAET, HUMAetna decline creates favorable entry point, says Argus
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07:24 EDTCNC, HNTHealth Net downgraded to Hold from Buy at Jefferies
Jefferies downgraded Health Net (HNT) to Hold following the acquisition by Centene (CNC).
07:23 EDTHNT, CNC, MOHCentene upgraded to Buy from Hold at Jefferies
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July 14, 2015
17:02 EDTUNHCatamaran approves acquisition by UnitedHealth
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16:06 EDTMOHMolina Healthcare to acquire Medicaid Assets of Preferred Medical Plan
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07:27 EDTAETAetna in best position among health insurers for earnings beat, says Wells Fargo
Wells Fargo believes that Aetna is in the best position among health insurers to report better than expected earnings. The firm says that the company's cost trend remains manageable and below guidance. It keeps an Outperform rating on the shares.
July 13, 2015
13:40 EDTUNHUnitedHealth July volatility increases into Q2 and outlook
UnitedHealth July call option implied volatility is at 39, August and September is at 22; compared to its 52-week range of 15 to 29, suggesting large near term price movement into the expected release of Q2 results on July 16.
10:21 EDTCNCOn The Fly: Analyst Upgrade Summary
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09:49 EDTWCG, CNC, CI, MOH, UNH, AET, HUM, HNT$1,000 per dose drugs found "cost effective," Bloomberg reports
Health insurers will face pressure to cover hepatitis C drugs with list prices of $1,000 per daily dose after a report from the American Association for the Study of Liver Diseases and the Infectious Diseases Society of America suggests that such medications are "cost effective," Bloomberg reports. While insurance companies already cover the sickest patients for treatments by Gilead (GILD) and AbbVie (ABBV), they've avoided extending coverage to those not yet showing damage from the disease, the report says. Publicly traded companies in the health insurance sector include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Reference Link
08:59 EDTWCG, AET, HNT, MOH, CI, HUM, UNH, CNCLeerink managed care analyst has an analyst/industry conference call
Healthcare Facilities/Managed Care Analyst Gupte, along with Manatt Health Solutions Managing Director Joel Ario, J.D., discuss the recent changes in the Managed Care industry and the regulatory/competitive implications of these changes on an Analyst/Industry conference call to be held on July 13 at 1 pm.
06:37 EDTHNT, CNCCentene upgraded to Outperform on recent pullback at FBR Capital
FBR Capital analyst Steven Halper upgraded Centene (CNC) to Outperform from Market Perform citing the pullback in shares since the company announced the acquisition of Health Net (HNT). He raised his price target for the stock to $90 from $80 saying the deal brings "unique attributes" to Centene.
06:15 EDTCNCCentene upgraded to Outperform from Market Perform at FBR Capital
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