Managed Health Care

Goldman Sachs maintains its Buy rating and 2011-12 EPS estimates on Health Net (NYSE: HNT) after HNT announced its first-time 2011 revenue and earnings guidance. HNT expects EPS to be "at least $2.75" vs. Goldman Sachs' estimate of $2.90 and Street consensus of $2.80. Revenue is expected to be $12....

Goldman Sachs is out with its report on Magellan Health Services (NASDAQ: MGLN) and reduces its EPS estimates on MGLN. In a note to clients, "Magellan provided initial 2011 guidance. Specifically,management forecasts EPS of $2.84-$3.33 (excluding future share repurchases), and revenues of $2.77bn-$...

Key Points: 3Q Earnings season done, final results in this issue; will focus on 4Q next week. Strong earnings season, with a median EPS surprise of 5.00%, and a 3.78 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 359 positive...

In an effort to improve health care cost and quality, Aetna Inc. (AET) announced last week the intention to acquire health information exchange technology provider – Medicity Inc. The acquisition of Medicity based in Salt Lake City, is expected to cost $500 million to Aetna. The purchase will...

In an effort to improve health care cost and quality, Aetna Inc. (AET) announced last week the intention to acquire health information exchange technology provider – Medicity Inc. The acquisition of Medicity based in Salt Lake City, is expected to cost $500 million to Aetna. The purchase will...

Morgan Stanley published its Morning Equities Summary and made the following changes: Initiating Coverage Health Net (NYSE: HNT) with an Equal-Weight rating. Price Target Changes Up: Buckeye Partners (NYSE: BPL)- Price target from $67 to $68. Copano Energy(NASDAQ: CPNO)- Price target from $31 to $...

Health Net, Inc. (NYSE: HNT) today announced its 2011 annual guidance of at least $2.05 for GAAP earnings per diluted share, or at least $2.75 per diluted share for the combined Western Region Operations and Government Contracts segments. GAAP earnings per diluted share guidance includes the impact...

Magellan Health (NASDAQ: MGLN) reaffirmed its 2010 EPS guidance, but lowered its 2011 guidance. The company said it sees 2010 earnings per share of $3.66-4.07 per share versus the estimate of $3.99 per share. It now sees 2011 guidance of $2.84-3.33 per share versus Wall Street estimates of $3.55...

Key Points: 3Q Earnings season done, final results in this issue; will focus on 4Q next week. Strong earnings season, with a median EPS surprise of 5.00%, and a 3.78 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 359 positive...

Coventry Health Care, Inc. (NYSE: CVH) is trading up 2.02% today at $26.78, near the 52-week high of $27.27.

Following meetings with CIGNA Corporation (NYSE: CI) management, Goldman Sachs said that it has reaffirmed its CL-Buy on CIGNA and maintains its 2010-2012 EPS and $45 price target. CIGNA Corporation closed Wednesday at $36.93.

In relation to the buyback of $350 million 8.5% senior notes, CIGNA Corp. (CI) announced yesterday that it will pay the holders of the notes $1,307.54 per $1,000 principal amount. Apart from the purchase price, CIGNA will also pay accrued and unpaid interests on Notes purchased up to, but not...

In relation to the buyback of $350 million 8.5% senior notes, CIGNA Corp. (CI) announced yesterday that it will pay the holders of the notes $1,307.54 per $1,000 principal amount. Apart from the purchase price, CIGNA will also pay accrued and unpaid interests on Notes purchased up to, but not...