171.73 -0.10 (-0.06%)
After hours: 4:12PM EDT
|Bid||171.74 x 100|
|Ask||171.74 x 5900|
|Day's Range||171.46 - 174.62|
|52 Week Range||151.04 - 227.13|
|PE Ratio (TTM)||19.58|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||0.04 (0.02%)|
|1y Target Est||222.22|
Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors. Analysts at Credit Suisse sent an alert to clients on April 5, saying Cigna Chief Executive Officer David Cordani told investors during an event in Europe that the deal would be looked at by the Justice Department. Cigna agreed in March to acquire Express Scripts, a pharmacy-benefits manager, wagering that the combination can reduce costs and improve benefits for Americans by simplifying the health-care supply chain.
In its latest issue of Healthcare Quarterly, Moody's Investors Service examines how planned mergers between health insurers and other healthcare companies, as well as potential new entrants to the US healthcare ...
UnitedHealth Group Inc (NYSE:UNH), the giant health insurer, beat the street on April 17 and raised estimates, illustrating its dominance in the healthcare space. The company earned $2.924 billion, $3.04-per-share fully adjusted, on revenues of $55.188 billion. This handily beat estimates for $2.92-per-share of earnings, and whispers of $2.97-per-share, on revenues of $54.85 billion. The stock rose to $6.04-per-share, 2.69%, in anticipation of earnings, and added another $4.19, 1.82%, in pre-market trading.
UnitedHealth Group, Netflix, Walmart, Tesla and Comerica are the companies to watch.
UnitedHealth Group is, by revenue, the largest healthcare company in the world. Its subsidiaries, UnitedHealthcare and Optum, offer health insurance services and healthcare products.
On April 17, 2018, UnitedHealth Group (UNH) is set to announce its fiscal 1Q18 earnings. Wall Street expects UnitedHealth Group to register adjusted EPS (earnings per share) of ~$2.91, representing ~22.7% growth YoY (year-over-year). In fiscal 4Q17, the company reported adjusted EPS of ~$2.59, representing ~22.8% YoY growth.
On April 17, 2018, UnitedHealth Group (UNH) is set to announce its 1Q18 earnings results. In fiscal 1Q18, UnitedHealth Group’s sales are expected to grow 12.5% YoY (year-over-year) to $54.8 billion. In 4Q17, the company registered sales of $52 billion, representing ~9.6% YoY growth, beatings analysts’ estimates. In fiscal 3Q17, the company missed analysts’ estimates.
Cigna Corporation will release its First Quarter 2018 financial results on Thursday, May 3, 2018 and will host a conference call on the same day.
The trend of health insurers seeking to expand vertically through mergers and acquisitions to pharmacy benefits and point-of-care service has continued apace for several years, and with several large deals ...
With a mission to save 100,000 lives by encouraging Americans to get their annual check-upi, global health service company Cigna has reunited the stars of its TV Doctors of America campaign to give Americans personalized, mobile reminders to schedule their annual check-ups.
Ron Guerrier, who led the creation of Toyota’s innovation lab before serving as CIO at Farmers Insurance, joins Express Scripts amid the company’s sale to health insurer Cigna.
Merger and acquisition (M&A) activity across the world has hit a seventeen-year-record high in the first quarter of 2018, according to a report by research firm Mergermarket.
Nearly 12 million Americans enrolled in coverage via exchanges under the Affordable Care Act despite a narrower sign-up window and cuts to marketing implemented by the Donald Trump administration.
Glancy Prongay & Murray LLP announces an investigation on behalf of Cigna Corporation investors concerning the Company and its directors’ and officers’ possible violations of state laws.
• Recent price: $67.87 • Target price: $89.58 • Timeframe: 6-12 months The Opportunity: On March 8, 2018, health insurer Cigna Corporation (CI) announced that it had entered into an agreement to acquire pharmacy benefit manager Express Scripts Holding Company (ESRX) in a $67-billion stock and cash transaction. Financing for the transaction has been committed and the transaction is expected to close by year-end. At current prices, the deal spread has widened to approximately 30% and Express Scripts trades below where it did prior to the deal announcement.
CNBC has reported that Walmart (WMT) is looking to acquire PillPack, an online pharmacy startup, for less than $1 billion. If the deal goes through, PillPack will help Walmart expand its pharmacy offerings, making Walmart more relevant to those customers—primarily senior citizens—who are using multiple medications. This comes amid reports that Walmart is looking for closer ties to or a merger with Humana (HUM).
The CNBC Healthy Returns Conference recently came to an end, and Leerink analyst Ana Gupte summarized the key takeaways from the event in a note on Thursday. Here’s what investors need to know: According ...
Moody's Investors Service, ("Moody's") affirmed CareCentrix Inc.'s ("CareCentrix") B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR) and B1 first lien credit ...
The U.S. Food & Drug Administration is working on around a dozen actions to boost use of cheaper versions of expensive biotech medicines, the head of the agency Scott Gottlieb said on Wednesday. The United States has lagged behind Europe in use of so-called biosimilars, to the frustration of FDA policymakers who are starting to approve such products but who are seeing other impediments to getting them to consumers. Biological drugs for treating serious conditions such as cancer and rheumatoid arthritis are complex molecules made inside living cells.
Cigna today announced that in partnership with more than 1.1 million prescribing clinicians, the global health service company has achieved a 25 percent reduction in opioid use among its customers, reaching this key metric one year ahead of its ambitious initial goal.
President Donald Trump is picking his personal physician, Rear Admiral Ronny Jackson, as the new head of Veterans Affairs. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer examine the details.