All Posts Tagged With: "CI"

(PRU) Prudential Shares Hit 52-Week High

On May 16, 2013, shares of Prudential Financial, Inc. (PRU) hit a 52-week high of $68.45. The momentum was driven by a strong first quarter, which included a 20.6% positive surprise, rating affirmation, and successful closure of...

4Jul2013 | | Comments Off | Continued

(AIG) American International Group to Inject $92.5 Million in China

Earlier this week, American International Group Inc. (AIG) announced its intentions to invest HK$718.1 million or about $92.5 million in PICC Group’s PICC Property and Casualty Co. Ltd. (PICC P&C). The investment will be made...

23May2013 | | Comments Off | Continued

(PL) Insurance Industry Stock Outlook – May 2013 – Zacks Analyst Interviews

The year 2013 started off much better than expected for the U.S. insurance industry, with most of the primary insurers beating first quarter earnings estimates and reporting relatively low combined ratios. Moreover, the sector continued to witness rising premium rates which started a year back after...

22May2013 | | Comments Off | Continued

(CI) Cigna Posts Strong First Quarter Earnings

Cigna Corp.’s (CI) first-quarter 2013 net operating earnings of $1.72 per share outpaced the Zacks Consensus Estimate of $1.43 per share. Moreover, the results surged nearly 39% year over year. Better-than-expected results...

14May2013 | | Comments Off | Continued

(PFE) Grading the First Quarter Earnings Season – Earnings Preview

Grading the Q1 Earnings Season We have crossed the halfway mark in the Q1 earnings season, with results from 271 S&P 500 companies already out (as of Friday, April 26th). Please note that these 271 companies are more than just 54.2% of the index’s total membership –...

2May2013 | | Comments Off | Continued

(THC) Tenet Healthcare Falls to Neutral

On Mar 14, 2013, we downgraded our recommendation on Tenet Healthcare Corp. (THC) to Neutral from Outperform based on increasing operating expenses and bad debt along with a high debt-to-capital ratio. Why the Downgrade? Tenet...

26Mar2013 | | Comments Off | Continued

(UNH) Health Insurance Stock Outlook – March 2013 – Zacks Analyst Interviews

The health insurance industry has confronted many external challenges in the recent past, such as federal, state legislative and regulatory reforms, inability to meet the demand of more price- and service-conscious consumers, a fiercely competitive market, shift of customer mix and uncertain economic...

23Mar2013 | | Comments Off | Continued

(AET) Aetna Partners Texas Health – Forms Accountable Care Organization

U.S. health insurer Aetna Inc. (AET) has agreed to form an Accountable Care Organization (ACO) with Texas Health Resources. This is in sync with the company’s effort to improve the safety and quality of patient care and make health...

11Feb2013 | | Comments Off | Continued

(UNH) UnitedHealth Analyst Maintains Neutral on Shares

We are reiterating our Neutral recommendation on the shares of UnitedHealth Group Inc. (UNH). Though we are bullish on the company’s long-term growth prospects, there remain certain headwinds, such as high unemployment, growing medical...

1Jan2013 | | Comments Off | Continued

(HOT) Starwood Hotels & Resorts Worldwide Collaborates with The Urban Land Institute

Leading hospitality company Starwood Hotels & Resorts Worldwide Inc. (HOT) recently joined forces with The Urban Land Institute (ULI) Greenprint Center for Building Performance. The...

3Dec2012 | | Comments Off | Continued

(UNH) Health Insurance Stock Outlook – November 2012 – Industry Outlook

The health insurance industry has confronted many external challenges in the recent past, such as an uncertain regulatory environment, a challenge to meet the demand of more price- and service-conscious consumers, a fiercely competitive market, shifts in customer mix and a slowly recovering economy,...

27Nov2012 | | Comments Off | Continued

(UNH) UnitedHealth Group Beats on Higher Revenue

UnitedHealth Group Inc. (UNH) reported its third quarter 2012 earnings of $1.50 per share, significantly ahead of the Zacks Consensus Estimate of $1.31 per share. Higher revenue across the board, strong enrollment growth, partially...

3Nov2012 | | Comments Off | Continued

(AFG) A.M. Best Rates Cigna’s New Units

The financial strength ratings (“FSR”) and issuer credit ratings (“ICR”) of the subsidiaries of American Financial Group Inc. (AFG) – Loyal American Life Insurance Company, American Retirement Life Insurance Company, Central...

8Oct2012 | | Comments Off | Continued

(CRM) Salesforce Beats Estimates in Second Quarter

Salesforce.com Inc. (CRM) reported second quarter fiscal 2013 adjusted earnings per share (EPS) of 5 cents, a penny ahead of the Zacks Consensus Estimate of 4 cents. Despite the marginal beat, shares plunged 5.09% in after-hours trading,...

26Aug2012 | | Comments Off | Continued

(AET) Aetna Shares Reiterated at Neutral

We are reiterating our Neutral recommendation on the shares of Aetna Inc. (AET) following the company’s second-quarter earnings release. The company‘s second quarter 2012 earnings came in at $1.31 per share, beating the Zacks Consensus...

13Aug2012 | | Comments Off | Continued

(LH) Laboratory Corporation of America Holdings Earnings Scorecard

Laboratory Corporation of America Holdings’ (LH) disappointing second quarter 2012 results, released on July 19, prompted analysts to slash their estimates for the forthcoming periods, pricing in the challenges currently at play in...

31Jul2012 | | Comments Off | Continued

(HWAY) Healthways Beats Estimates – Profit Drops

Healthways (HWAY) reported second quarter 2012 adjusted (excluding one-time expenses) earnings per share of 15 cents, easily beating the Zacks Consensus Estimate of 7 cents per share but falling short of the year-ago earnings of 17...

29Jul2012 | | Comments Off | Continued

(UNH) Health Insurance Stock Outlook – July 2012 – Industry Outlook

The health insurance industry has confronted many external challenges in the recent past, such as rising costs, a shortage of primary care physicians, uncertain political and regulatory environments, a shifting customer mix anda struggling economy, just to name a few. However, the final ruling of...

29Jul2012 | | Comments Off | Continued

(AET) Aetna Analyst Reiterates Shares at Neutral

We are reiterating our Neutral recommendation on the shares of Aetna Inc. (AET) prior to its second quarter earnings release scheduled on July 31, 2012, before the opening bell.  The Zacks Consensus Estimate of earnings is pegged...

16Jul2012 | | Comments Off | Continued

(UNM) Unum Group Analyst Remains Neutral on Shares

We retain our Neutral recommendation on Unum Group (UNM) given the low interest rate environment, weak results at Unum U.K. and disappointing sales at Colonial Life. Also, the current Zacks Consensus Estimate for the second quarter...

11Jul2012 | | Comments Off | Continued

(CI) Cigna to Buy Medicare Advantage Plans

CIGNA Corp. (CI) announced its plans to purchase selected Medicare Advantage (“MA”) plans in the state of Texas and Arkansas. Cigna will buy the plans in three markets – Amarillo, Longview-Marshall and Texarkana – from...

30Jun2012 | | Comments Off | Continued

(UNH) Health Insurance Stock Outlook – April 2012 – Industry Outlook

Though the U.S. Health insurance industry continues to be relatively immune to economic difficulties, it has been still grappling with fundamental changes and consequent growth pangs. The industry has been facing its share of problems related to a sluggish economic recovery, uncertainty surrounding...

20Apr2012 | | Comments Off | Continued

(HS) HealthSpring Shareholders Approve CIGNA Merger

The acquisition of HealthSpring Inc. (HS) by CIGNA Corp. (CI) has received the approval of the former company’s shareholders. The approval came from approximately...

22Jan2012 | | 0 comments | Continued

(AET) Health Insurance Stock Review – December 2011 – Industry Outlook

The Health and Medical Insurance industry is an integral part of the U.S. economy. According to the Centers for Medicare and Medicaid Services, U.S. health expenditures account for about 18% of U.S. GDP. Money spent per person on healthcare in the United States is more than in any other nation in...

15Dec2011 | | 0 comments | Continued

(CI) Cigna Rating Affirmed by A.M. Best

As a part of its annual rating review process, rating agency A.M. Best undertook its rating action on CIGNA Corp. (CI). The action resulted in affirmation of the company’s issuer credit rating (ICR) of “bbb” and financial strength...

7Dec2011 | | 0 comments | Continued

(WLP) Health Insurers Cut Third Quarter Lobbying Costs

Most of the leading health insurance companies reduced their lobbying costs in the third quarter of 2011, compared with the second quarter, although many recorded a year-over-year increase. WellPoint Inc. (WLP), the largest...

6Dec2011 | | 0 comments | Continued

(UNH) UnitedHealth Group Acquires Medicare Advantage Business

On Tuesday, UnitedHealthcare, a division of UnitedHealth Group (UNH), announced its plan to acquire XLHealth Corp, a sponsor of Medicare Advantage health plans. With this acquisition, the company is expected to remain a step ahead...

28Nov2011 | | 0 comments | Continued

(LH) Laboratory Corporation of America Holdings Earnings Scorecard

The announcement of Laboratory Corporation of America Holdings’ (LH) third quarter fiscal 2011 results, as on October 20, 2011, has led analysts to revise their estimates lower for the fourth quarter and fiscal 2011. Third...

3Nov2011 | | 0 comments | Continued

(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook

Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of U.S. insurance companies are still not strong enough to soak up losses from catastrophic events such...

5Oct2011 | | 0 comments | Continued

(FSR) Humana Rating Affirmed By A.M. Best

The rating agency A.M.Best Co. has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the health insurer Humana Inc. (HUM) and conferred a debt rating of “bbb” to the company. All the ratings...

22Sep2011 | | 0 comments | Continued