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Does Anthem Want Cigna For $175/Share? Some Investors Are Buying Into The Rumor
Monday, June 15, 2015 - 12:46pm | 237According to Dow Jones, Anthem Inc (NYSE: ANTM) has initiated a takeover bid for CIGNA Corporation (NYSE: CI) at $175 per share. That's a premium of about 17 percent -- Cigna shares are up a little over 13 percent on the report. Cigna's insurance subsidiaries provide major medical,...
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Bank Of America Reports On Sanction Removed From AET
Tuesday, June 14, 2011 - 8:37am | 147Bank of America is maintaining its Neutral rating and its $48 price target on Aetna (NYSE: AET) following news that CMS has removed the Medicare sanction from the company. In the report, Bank of America writes, “After the close, AET announced that CMS has lifted its Medicare marketing and...
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Oppenheimer Reports On Share Repurchase Program For AET
Monday, May 23, 2011 - 7:52am | 111Oppenheimer is maintaining a Perform rating and a $47 price target on Aetna Inc. (NYSE: AET) after the company announced its share repurchase program. Says Oppenheimer, in its report, “Aetna announced that its Board of Directors authorized a share repurchase of up to $750M in common stock. This...
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Wedbush Raises PT On AET To $42
Tuesday, April 12, 2011 - 7:58am | 86Wedbush has raised its price target on Aetna Inc. (NYSE: AET) from $41 to $42 based upon belief that utilization trends will remain moderate in 1Q11. Wedbush also maintains its Neutral rating on the stock. Wedbush writes, in the report, “We believe the increasing clarity on the impact of...
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J.P. Morgan's Key Takeaways From AET Investor Day
Monday, March 7, 2011 - 9:12am | 113On Friday, Aetna Inc. (NYSE: AET) held its investor day, J.P. Morgan reports. Among the key takeaways, J.P. Morgan noted the following. “1) Citing ‘increasing comfort' with '11 earnings view,” J.P. Morgan writes.” “2) A considerable focus on international opportunities, and beyond just expat, with...
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Insurers Fall As Congress Eyes WellPoint (WLP) Rate Hikes
Tuesday, February 16, 2010 - 12:48pm | 132Shares of WellPoint, Inc. (NYSE: WLP) have fallen nearly 5% after the health insurance company canceled its investor day as Congress looks into the company's plan to raise the insurance rates of hundreds of thousands of Californians by as much as 39%. WellPoint said that the House Energy and...