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Earnings Scorecard: Coventry - Analyst Blog
Friday, November 19, 2010 - 12:03pm | 856Following the release of third-quarter results on November 5, 2010, the majority of the analysts covering Coventry Health Care Inc. (CVH) have moved their estimates upward over the last 30 days for the fourth quarter of 2010, the first quarter of 2011 and the fiscal 2010 and 2011. Earnings...
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Jefferies Reduces Price Target on Humana
Friday, November 19, 2010 - 10:45am | 116Jefferies has decreased its price target on Humana (NYSE: HUM) following 2011 guidance that was lower than expected. In a note to clients, Jefferies writes, "'11 EPS guidance range of $5.35-$5.55 was 12% below our est. Consistent with its historical approach, Humana bids its MA plans according to...
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Humana's Investor Day Summary
Friday, November 19, 2010 - 9:40am | 103Deutsche Bank has published a research report on Humana (NYSE: HUM) following the company's Investor Day. In the report, Deutsche Bank writes "Humana's initial 2011 EPS guidance of $5.35-5.55 came in 11% below the Street's estimate of $6.11 and also below our $5.80 forecast. While Humana's guidance...
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Humana Earnings to Drop in 2011 - Analyst Blog
Friday, November 19, 2010 - 9:18am | 439On the expectation of the rise in doctor visits and medical procedures, Humana Inc. (HUM) lowered its 2011 earnings forecast to $5.35-$5.55 per share, down from the 2010 expectation of $6.40-$6.50. During the third-quarter, Humana increased its 2010 earnings outlook to $6.40 - $6.50 per share,...
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Aetna's New Contract - Analyst Blog
Thursday, November 18, 2010 - 12:01pm | 520US health insurer Aetna Inc. (AET) announced that it has entered into a partnership with Long Island Health Network (“LIHN”). As per the terms of the agreement, LIHN will service all of Aetna's members at all 10 of its hospitals. The contract, which will be effective on January 1, 2011, will...
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Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 10:33am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...
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Aetna's New Contract - Analyst Blog
Thursday, November 18, 2010 - 6:20am | 520US health insurer Aetna Inc. (AET) announced that it has entered into a partnership with Long Island Health Network (“LIHN”). As per the terms of the agreement, LIHN will service all of Aetna's members at all 10 of its hospitals. The contract, which will be effective on January 1, 2011, will...
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Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 5:08am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...
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Jefferies Previews Humana's Investor Day
Wednesday, November 17, 2010 - 9:47am | 113Jefferies has published its research report on Humana (NYSE: HUM) previewing their investor day. Jefferies expects 2011 revenue of $35.9 billion and EPS of $6.18 which are 4% and 1% respectively above consensus. They also expect medical membership growth of 2.4% YoY. Consensus 2011 EPS is $6.11...
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Oppenheimer Upgrades Centene Corporation To Outperform
Tuesday, November 16, 2010 - 11:41am | 44Oppenheimer is upgrading Centene Corporation (NYSE: CNC) to Outperform from Underperform and updating its 2010 and 2011 EPS estimates to $1.82 and $2.01 from $1.80 and $2.00, respectively. It is also increasing its price target to $28 from $18. CNC is trading higher at $22.24
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Aetna and the Long Island Health Network Reach Multi-year Network Agreement
Tuesday, November 16, 2010 - 11:03am | 59Aetna (NYSE: AET) and the Long Island Health Network today announced a new contract agreement that will enable Aetna members who receive care at any of the LIHN hospitals and facilities to continue to be covered at the in-network level of benefits. The new multi-year contract will be effective on...
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Wells Fargo Maintains Outperform Rating On AET, AGP, CVH, HNT, Others
Tuesday, November 16, 2010 - 10:49am | 208Wells Fargo reports that while Republicans may not be successful in repealing health care reform, “we believe the legislation has a chance of failing based on the possibility that it could be found to be unconstitutional.” “It is likely that this question will end up being decided at the Supreme...
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Centene Upgraded to Outperform at Oppenheimer
Tuesday, November 16, 2010 - 10:42am | 29Centene (NYSE: CNC) is upgraded from Underperform to Outperform at Oppenheimer. The analysts raised their price target on Centene from $18 to $28.
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Top 4 Stocks In The Health Care Plans Industry With The Highest ROE (MDF, WLP, CI, HUM)
Tuesday, November 16, 2010 - 6:53am | 130Below are the top health care plan stocks on the NASDAQ, the NYSE and the AMEX in terms of return on equity. The trailing-twelve-month return on equity at Metropolitan Health Networks Inc (AMEX: MDF) is 40.28%. MDF's quarterly earnings jumped 82.80% y/y. The trailing-twelve-month return on equity...
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CIGNA Faces Rating Action - Analyst Blog
Monday, November 15, 2010 - 7:03pm | 419Late last week, health insurance company CIGNA Corp. (CI) received a rating revision from Standard & Poor's Ratings Services. The rating agency revised CIGNA's financial rating outlook to “stable” from “negative,” taking into account the company's ability to insulate its results from losses...