|Bid||317.94 x 800|
|Ask||318.75 x 800|
|Day's Range||312.00 - 320.54|
|52 Week Range||220.63 - 320.54|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||25.56|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Stocks of health care providers and health insurers are rallying after Sen. Elizabeth Warren said Friday that she plans to hold off on Medicare for All legislation until the third year in her presidential term.
Shares of UnitedHealth Group Inc. rallied 2.2% in morning trading Monday, enough to pace the Dow Jones Industrial Average's gainers, after analyst David MacDonald at SunTrust Robinson Humphrey raised raised his price target to the highest on the Street. The managed care company's stock price gain was adding about 40 points to the Dow's price, while the Dow was down 11 points. MacDonald reiterated his buy rating on UnitedHealth's stock and raised his price target to $335 from $310, which makes him the most bullish of the 26 analysts surveyed by FactSet. "We have raised managed care price targets following the release of Senator Warren's plans to implement Medicare For All, which we think provide additional clarity and likely allays some concerns," MacDonald wrote in a note to clients. "We remain bullish on managed care and continue to view the companies as a key part of the healthcare cost solutions." Among price target increases, shares of WellCare Health Plans Inc. rose 2.4%, Humana Inc. tacked on 0.6%, Anthem Inc. hiked up 1.9%, Molina Healthcare Inc. tacked on 3.1% and CVS Health Inc. advanced 0.7% and Molina Healthcare Inc. rallied 3.1%.
WellCare (WCG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
WellCare's three business segments all advanced, leading to an 84% increase in net income. The companies expect to close their $17.3 billion combination by the end of June.
One of the most popular metrics to gauge the strength of a business is its gross margins. Gross margin is a measure of efficiency that is calculated by subtracting a business’ cost of goods sold from its ...
WellCare (WCG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Centene Corp said on Tuesday its deal for WellCare Health Plans could close sooner than previously expected and posted a profit that edged past Street estimates, reassuring investors of strength in its core Medicaid business. Although medical costs grew year-over-year and missed analysts' expectations, Centene said costs for its Medicaid health plans for low-income Americans remained stable. Membership in Centene's Medicaid health plans increased by 61,800 to more than 8.7 million since last year and the company said new contracts with certain states helped offset weaker enrollment from a few.
Although medical costs grew year-over-year and missed analysts' expectations, Centene said costs for its Medicaid health plans for low-income Americans remained stable. Membership in Centene's Medicaid health plans increased by 61,800 to more than 8.7 million since last year and the company said new contracts with certain states helped offset weaker enrollment from a few. In the third quarter, Centene's health benefits ratio (HBR), amount it spent on medical claims versus income from premiums, worsened to 88.2% from 86.3% a year earlier, missing estimates of 87.62%.
Update: The New York Department of Financial Services and Department of Health approved the acquisition Tuesday, bringing the total count to 25. Centene Corp. and Tampa-based WellCare Health Plans Inc.’s planned $17.3 merger has gained the approval of five more states. Arizona, Connecticut, Georgia, Ohio and Texas join 17 other states that approved of St. Louis-based Centene Corp’s (NYSE: CNC) acquisition of WellCare (NYSE: WCG). This latest round of approvals brings the total count of insurance departments that have signed off on the merger to 24.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Open enrollment for health benefits began November 1. However, there are some major changes coming in 2020. Yahoo Finance's Brian Sozzi and Alexis Christoforous discuss these changes with with Ease Founder David Reid on the First Trade.