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Rating Action on Aetna - Analyst Blog
Thursday, January 13, 2011 - 3:31pm | 547Following the rating outlook revision to stable from negative for the U.S. Health Insurance and Managed Care sector, the rating agency Fitch Ratings also took rating actions on Aetna Inc. (AET), one of the major companies in the space. The rating actions included the affirmation of Aetna's long...
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Rating Action on Aetna - Analyst Blog
Thursday, January 13, 2011 - 3:00pm | 547Following the rating outlook revision to stable from negative for the U.S. Health Insurance and Managed Care sector, the rating agency Fitch Ratings also took rating actions on Aetna Inc. (AET), one of the major companies in the space. The rating actions included the affirmation of Aetna's long...
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Options Brief: Coventry Health Care (CVH)
Thursday, January 13, 2011 - 10:17am | 79Shares of Coventry Health Care (NYSE: CVH) are lower on the session by 0.34%, trading at $29.50. Overall call volume is now running at 7.82x the daily average, with 0% of all calls traded being purchases on the offer. 1,001 contracts have traded on the session so far. Coventry Health Care, Inc. is...
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Credit Suisse Reiterates Outperform Rating On WLP
Thursday, January 13, 2011 - 9:26am | 70Credit Suisse is reiterating its Outperform rating on WellPoint, Inc. (NYSE: WLP) and finds the stock attractive at 9.4x its '11E EPS vs. 9.8x average for the group. “Our $74 DCF-derived PT is +19% upside on 12th January's close,” Credit Suisse writes. “The next catalyst will be 4Q10 earnings on...
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Anthony Scaramucci's Hedge Fund Trade Of The Week: UnitedHealth Group Inc. (UNH)
Tuesday, January 11, 2011 - 8:25pm | 184On CNBC's Fast Money, Anthony Scaramucci said that this week's hedge fund trade of the week is UnitedHealth Group Inc. (NYSE: UNH). He said that this stock is owned by many classical value investing managers, and he named John Hussman, George Soros and David Tepper as the managers that have a...
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Aetna's Reinsurance Transaction - Analyst Blog
Tuesday, January 11, 2011 - 5:01pm | 370Yesterday, Aetna Inc. (AET) announced a three-year reinsurance agreement with Vitality Re Limited, a newly formed special purpose insurance company based in the Cayman Islands. Per the agreement, Aetna will get $150 million of collateralized excess of loss reinsurance coverage on a portion of its...
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Aetna's Reinsurance Transaction - Analyst Blog
Tuesday, January 11, 2011 - 4:38pm | 370Yesterday, Aetna Inc. (AET) announced a three-year reinsurance agreement with Vitality Re Limited, a newly formed special purpose insurance company based in the Cayman Islands. Per the agreement, Aetna will get $150 million of collateralized excess of loss reinsurance coverage on a portion of its...
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WellCare Health Sees Strong Than Expected Medicare Drug Plan Enrollment
Tuesday, January 11, 2011 - 9:12am | 151Goldman Sachs has published a research report on WellCare Health Plans, Inc. (NYSE: WCG) after the company reported that the Medicare drug plan enrollment showed to be stronger than expected. In the report, Goldman Sachs writes "Ahead of an investor presentation later this week, WellCare announced...
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Jefferies Rates Humana At Hold (HUM)
Tuesday, January 11, 2011 - 7:52am | 89Jefferies & Co. has a Hold rating and a $63 price target on shares of Humana Inc. (NYSE: HUM). In a note sent to clients, Jefferies writes, "With the close of the MA selling season, HUM has exceeded its initial guidance for new membership. The membership gains should drive profitability in the...
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Leadership Shifting from Commodities to Tech 01-06-2011
Thursday, January 6, 2011 - 7:01pm | 796Cusick's Corner The market continues to consolidate, but it's still not exhibiting clear signs of any directional bias. This is not stating that the rally is over, it's a sign that leadership is shifting out of Commodities (thanks to the Dollar move) and more into Tech (XLK). All eyes will be on...
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Spreading Tools in the OX Toolbox 01-06-2011
Thursday, January 6, 2011 - 3:53pm | 875Cusick's Corner SPREADING: it's a way to mitigate time, volatility, and premium risk. Here are some tools to consider utilizing before entering a spread. I usually talk about determining market sentiment first – so use our Chart Patterns tool. For assessing volatility, use the Dragon or...
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Calls Purchased on Aetna Inc. (AET)
Thursday, January 6, 2011 - 2:06pm | 153Shares of Aetna Inc. (NYSE: AET) are higher on the session by 2.45%, currently trading at $32.27. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Shares are breaking out today. Options traders are buying calls...
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Boehner Asked To Reconsider Repeal Health Care Reform
Thursday, January 6, 2011 - 11:02am | 260Now that he's the Speaker of the House, officials are asking John Boehner to reconsider repealing health care reform. White House officials have said that repealing it would put the country back on the course of skyrocketing healthcare costs. The House is planning a symbolic vote next week, but U.S...
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Benzinga's Top Upgrades (CI, ADTN, XOM, RAI)
Thursday, January 6, 2011 - 8:36am | 133CIGNA Corporation (NYSE: CI) was upgraded by Deutsche Bank from “hold" to “buy." CI's shares closed at $37.60 yesterday. CIGNA's PEG ratio is 0.83. Morgan Stanley upgrade ADTRAN Inc (NASDAQ: ADTN) from “equal weight” to “overweight." ADTN's shares closed at $36.84 yesterday. ADTRAN's trailing-...
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Calls Purchased on Humana Inc. (HUM)
Wednesday, January 5, 2011 - 2:02pm | 145Shares of Humana Inc. (NYSE: HUM) are higher on the session by 0.25%, currently trading at $55.44. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the...