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Healthspring Inc. Chairman Sells 17,200 Shares of HS
Wednesday, September 29, 2010 - 2:25pm | 60In a Form 4 filed earlier today, Healthspring Inc. (NYSE: HS) Chairman of the Board, Herbert Fritch, reported that he sold 17,200 shares of HS on September 27th for an average price of $25.57. The transaction totaled $1,031,440. This sale was 10b5-1 Plan indicated. Mr. Fritch owns 2,727,900 direct...
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Treasury Announces Public Offering of Citigroup Agp Trups
Wednesday, September 29, 2010 - 11:56am | 355The U.S. Department of the Treasury announced today that it will sell trust preferred securities (TRUPS®) received from Citigroup (NYSE: C) pursuant to the Asset Guarantee Program (AGP). Any proceeds received from the sale will represent a net gain or profit to the taxpayer. Treasury intends to...
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CIGNA Corp. (CI) - Bull of the Day
Wednesday, September 29, 2010 - 2:42am | 201We are upgrading our recommendation on the shares of CIGNA (CI) to Buy as we believe the recent acquisition of Vanberda international will boost the company's thriving international operations, which is key to the growth of the company. Moreover, CIGNA has lower exposure to reform risks than other...
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Prospect Medical Holdings, Inc. Announces Ending of “Go-Shop” Period
Tuesday, September 28, 2010 - 4:29pm | 64Prospect Medical Holdings, Inc. (Nasdaq: PZZ) today announced the expiration of the 40-day “go-shop” period during which Prospect solicited alternative proposals to the proposed acquisition of Prospect by entities affiliated with Leonard Green & Partners, L.P., a private equity fund. The “go-...
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Coventry Receives Clean Bill of Health (CVH)
Monday, September 27, 2010 - 11:36am | 176Shares of Coventry Health Care, Inc. (NYSE: CVH) are lower on the session by 0.97%, currently trading at $21.44. The stock has been moving largely higher over the past three months, off of recent lows near $16.60. The stock is consolidating with a break out level at $22.14. Options traders are...
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Deutsche Bank Has Hold On Molina Healthcare (MOH)
Monday, September 27, 2010 - 7:08am | 156Deutsche Bank has a Hold rating and $26 price target on Molina Healthcare, Inc. (NYSE: MOH). In a recently released research report, Deutsche Bank says that inpatient utilization trends have tracked well for the in the third quarter. In the research report, Deutsche Bank writes, "We also believe...
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UnitedHealth Group - Value
Monday, September 27, 2010 - 4:00am | 688UnitedHealth Group (UNH), which provides health insurance to about 75 million people, is trading at just 9.8x forward estimates even though its shares are at a 52-week high. The healthcare stocks are finally making a move after a year or more of uncertainty tied to healthcare reform. UnitedHealth...
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Aetna Board of Directors Declares Annual Cash Dividend of $.04
Friday, September 24, 2010 - 2:20pm | 44Aetna Inc. (NYSE: AET) today declared its regular annual cash dividend of $0.04 per share on the company's common stock. The dividend is payable on November 30, 2010 to shareholders of record at the close of business on November 15, 2010.
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Deutsche Bank Breaking News On Managed Care
Friday, September 24, 2010 - 7:22am | 329Deutsche Bank published a managed care industry alert report that stated: "As indicated in the NAIC press conference held on 9/22, the draft NAIC regulation excludes from the premium calculation (for the purpose of MLR rebates) federal and state taxes, with the exception of certain items such as...
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CIGNA Corp. (CI) - Bull of the Day
Wednesday, September 22, 2010 - 2:03am | 201We are upgrading our recommendation on the shares of CIGNA (CI) to Buy as we believe the recent acquisition of Vanberda international will boost the company's thriving international operations, which is key to the growth of the company. Moreover, CIGNA has lower exposure to reform risks than other...
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CIGNA Upgraded to Outperform - Analyst Blog
Tuesday, September 21, 2010 - 3:33pm | 497We are upgrading our recommendation on the shares of CIGNA Corp. (CI) to “Buy” as we believe the recent acquisition of Vanbreda International will further boost the company's thriving international operations, which is crucial to the growth of the company. CIGNA is keen on expanding its...
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Deutsche Bank Details Ohio Medicaid Enrollment Trends For September.
Tuesday, September 21, 2010 - 8:57am | 238According to Deutsche Bank, Ohio Medicaid managed care enrollment grew by 0.5% sequentially in September to a record 1,577,418 lives. Medicaid managed care in Ohio has now grown sequentially for 24 consecutive months. Medicaid market growth has outpaced the overall managed care market given...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, September 21, 2010 - 8:40am | 299Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Avago Technologies Ltd (AVGO) Baidu.com Inc (BIDU) Cardtronics Inc (CATM) Caterpillar Inc (CAT) CIGNA Corp (CI) View the entire Zacks #1 Rank List. BAIDU INC (BIDU): Free Stock Analysis Report CATERPILLAR INC (CAT): Free...
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Philip Emond Named as CIGNA's Chief Information Officer
Monday, September 20, 2010 - 4:03pm | 196David M. Cordani, president and chief executive officer of CIGNA Corporation (NYSE: CI), today announced the appointment of Philip Emond to the position of executive vice president and Chief Information Officer of CIGNA's U.S. operations, effective October 8, 2010. Emond, currently senior vice...
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AMERIGROUP Continues Medicaid Growth Opportunities
Monday, September 20, 2010 - 6:53am | 110AMERIGROUP Corporation (NYSE: AGP) hosted its Investor Day on Friday, 9/17, and while not able to provide guidance, management assured its positive underlying trends for Medicaid managed care (depressed medical costs, expansion opportunities, reasonable rate increases), Goldman Sachs reports....