Managed Health Care

Wedbush Securities has lowered the price target on Molina Healthcare (NYSE: MOH) from $45 to $30 to accommodate the company's recent 3/2 stock split. Outperform rating maintained.

Merger activity increased last week with four new deals announced and eight closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 87 Total Number of Deals...

America Service Group (NASDAQ: ASGR) today announced the results of a special meeting held today to vote upon the previously announced merger pursuant to the Agreement and Plan of Merger, dated March 2, 2011, under which Valitás Health Services, the parent company of Correctional Medical Services,...

Cigna (NYSE: CI) announced today the appointment of Ralph Nicoletti as Chief Financial Officer effective June 20, 2011, Deutsche Bank reports. “When we spoke to Cigna after the announcement, the company highlighted that Mr. Nicoletti will add several capabilities including extensive knowledge of...

CIGNA (NYSE: CI) today announced the appointment of Ralph J. Nicoletti as Executive Vice President and Chief Financial Officer. Nicoletti will begin his employment at CIGNA on June 20, 2011.

CIGNA (NYSE: CI) today announced the appointment of Ralph J. Nicoletti as Executive Vice President and Chief Financial Officer. Nicoletti will begin his employment at CIGNA on June 20, 2011.

JP Morgan has raised the price target on Humana (NYSE: HUM) from $66 to $84 and maintains its Neutral rating.

Bank of America reiterated its Buy rating on Coventry Health Care (NYSE: CVH). At the same time, Bank of America raised its price target from $41 to $42. In a research report published today, Bank of America stressed a rate increase in Missouri as a reason for its decision. In the report, Bank of...

Bank of America, which raised its PO on shares of Molina Healthcare Inc. (NYSE: MOH), is providing some color on the stock. “Missouri is implementing a rate increase effective July 1, 2011 for its annual reimbursement update, based on our discussions with industry officials,” Bank of America...

Bank of America has raised the price objective on Coventry Health (NYSE: CVH) from $41 to $42 and maintains its Buy rating.

Bank of America has raised the price objective on Molina Healthcare (NYSE: MOH) from $31 to $32 and maintains its Buy rating.

America Service Group Inc. (NASDAQ: ASGR), the parent company of PHS Correctional Healthcare, Inc., today announced the dismissal of the purported class action lawsuit filed on behalf of the Company's stockholders in the Chancery Court for Davidson County, Tennessee, styled Colleen Witmer,...

Joel Greenblatt, of Gotham Asset Management, spoke at the Ira Sohn Conference yesterday, and said that we have been in one continuing bubble since 2000, just different kinds of bubbles. Since 2000, we have experienced the Internet bubble, which led to the NASDAQ crashing some 50%, of which it...

Shares of UnitedHealth Group Inc (NYSE: UNH) fell about 0.6% after the company lifted its quarterly dividend by 30% to 16.25 cents a share. UnitedHealth's board also authorized the buyback of up to 110 million shares. Shares of California Pizza Kitchen Inc (NASDAQ: CPKI) surged about 10.2% after...

According to Jefferies, WellPoint (NYSE: WLP) expects to have deployable parent company cash of $1.3bn by 2011YE, and has flexibility to issue ~$5bn of debt while remaining in its debt-to-cap range. Jefferies said that it hosted WLP's VP of Investor Relations, Michael Kleinman, at meetings in...