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Stock Market & Financial Investment News

News Breaks
February 7, 2014
11:03 EDTWCG, AGP, CNC, CI, HUM, HNT, UNH, AET, MOH, HS, WLPCigna 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
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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September 19, 2014
06:49 EDTWLP, MOH, HUM, UNH, WCG, HS, HNT, CNC, CI, AET, AGPGovernment says 7.3M in private Obamacare plans, NY Times reports
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September 18, 2014
07:52 EDTCNCCentene subsidiary Sunshine Health awarded Commendable Accreditation from NCQA
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September 17, 2014
15:41 EDTUNH, WLPUnitedHealth to replace WellPoint as Georgia SHBP provider, says Deutsche Bank
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14:54 EDTHNTHealth Net management to meet with Sterne Agee
Field trip to company headquarters to be held in Woodland Hills, CA on September 23 hosted by Sterne Agee.
14:43 EDTWLP, UNHUnitedHealth to replace WellPoint as Georgia SHBP provider, says Deutsche Bank
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10:00 EDTCIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
08:38 EDTCICigna upgraded to Positive from Neutral at Susquehanna
As previously reported, Susquehanna upgraded Cigna to Positive from Neutral. The firm believes Cigna's earnings are poised to accelerate driven by a reduction in ACA related losses, conservative medical cost ratio assumptions, buybacks, and normal business growth. Price target raised to $115 from $77.
07:06 EDTCICigna upgraded to Positive from Neutral at Susquehanna
September 16, 2014
16:27 EDTHUMOn The Fly: Closing Wrap
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06:01 EDTHUMHumana announces $2B share repurchase authorization
Humana announced that its board has approved a $2B share repurchase authorization with an expiration date of December 31, 2016, replacing its previous $1B share repurchase authorization.
September 15, 2014
13:27 EDTMOHMolina Healthcare to host investor day
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07:02 EDTUNHUnitedHealth extends relationship with Healthways
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September 12, 2014
12:04 EDTHUMHumana management to meet with Jefferies
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September 11, 2014
10:19 EDTCNCCentene management to meet with Oppenheimer
Meeting to be held in St. Louis on September 11 hosted by Oppenheimer.
September 10, 2014
08:42 EDTHUMHumana says all 2015 Medicare Advantage, PDP offerings approved
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September 9, 2014
07:54 EDTAETAetna reaffirms FY14 operating EPS outlook $6.45, consensus $6.58
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06:54 EDTWLPWellPoint still sees FY14 adjusted EPS over $8.60, consensus $8.71
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September 8, 2014
08:06 EDTUNHInsperity, UnitedHealth extend contract through 2017
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07:26 EDTAETMorgan Stanley to hold a conference
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