
Neutral this morning due to margin concerns and risk of lower funding levels under health reform. The firm sees better upside potential in Health Net ( HNT -2.5% ), Coventry ( CVH -1.4% ) and WellCare ( WCG -1.2% ). 1 comment!
By Daniel Shvartsman : When holding a stock, nothing is worse than facing a disappointing earnings report. Like following a favorite team, an investor gets a punch in the stomach when an earnings report bombs. All those expectations, all that hope, all that time spent, all that money, it all sails
May 2 (Reuters) - Health insurer WellCare Health Plans Inc posted a quarterly profit that handily beat analysts' expectations on higher premium revenue and lower costs, and it raised its full-year outlook.
gainers: SMSC +38% . CHRS +24% . PLX +22% . TRIP +16% . ASNA +13% . PCO +13% . ESIC +13% . AEO +9% . DCIX +8% . WCG +9% . OCZ +8% . HLF +6% . GNW +4% . REXX +3% . CBS +3% . UBS +3% . Losers: OPEN -15% . CHK -10% . STD -7
Wellcare Group ( WCG ): Q1 EPS of $1.32 beats by $0.78 . Revenue of $1.8B (+21.5% Y/Y) in-line. ( PR ) Post your comment!
By Ganaxi Small Cap Movers : The managed care group, as represented by the Dow Jones U.S. Healthcare Providers Index Fund ( IHF ), is up about 8% YTD. Although healthcare services are generally a secular growth opportunity, relatively unaffected by global macro-economic conditions, the sector has
No matter what the Supreme Court decides about health care reform, shares of some insurers should offer healthy returns.
Amerigroup ( AGP -4.9% ) and WellCare Health Plans ( WCG -6.7% ) trade lower as the firms stand to lose business from a decision by the state Ohio to change contracts for Medicaid health plans. (Previous: CNC , MOH ) Post your comment!
would overturn part of the law that would order states to expand Medicaid programs probably won’t have long-lasting effects on insurers such as CNC +3.6% and AGP +3% . Also: WLP +3.5% , CVH +3% , WCG +2.7% . 2 comments!
WellCare Health Plans ( WCG +5.3% ) says a $137.5M deal to settle a whistleblower suit ..... S. Justice Department and the states of Florida and Connecticut. WCG says the settlement payout will not materially affect its 2012 financial