Health Care Stocks on Investors' Radar -- Centene, Cigna, Molina Healthcare, and WellCare Health Plans
NEW YORK, September 19, 2016 /PRNewswire/ --
Companies in the Health Care Plans industry offer long-term health plans and specialty benefits, as well as point-of-service plans, traditional indemnity plans, and other hybrid plans. These corporations tend to offer below-average dividend yields. This morning, Stock-Callers.com reviews the most recent performances of the following trades: Centene Corp. (NYSE: CNC), Cigna Corp. (NYSE: CI), Molina Healthcare Inc. (NYSE: MOH), and WellCare Health Plans Inc. (NYSE: WCG). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Centene
Shares in St. Louis, Missouri headquartered Centene Corp. ended Friday's session at $67.30, rising 0.09%. The stock recorded a trading volume of 1.82 million shares, which was above its three months average volume of 1.80 million shares. The Company's shares have gained 0.43% in the previous three months and 2.26% since the start of this year. The stock is trading 5.90% above its 200-day moving average. Moreover, shares of Centene, which operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the US, have a Relative Strength Index (RSI) of 45.98.
On September 6th, 2016, research firm Leerink Partners downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On September 14th, 2016, Centene announced that it has filed with the Arizona Department of Insurance and the Centers for Medicare and Medicaid Services to continue its participation as a qualified health plan issuer in the Arizona Health Insurance Marketplace (Marketplace) in 2017. Centene estimates that its 2017 Ambetter offerings in Arizona will provide incremental revenue of over $500 million and have a positive impact on earnings in 2017. CNC complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=CNC
Cigna
Bloomfield, Connecticut headquartered Cigna Corp.'s stock climbed 2.60%, closing the day at $131.99. A total volume of 2.74 million shares was traded, which was above their three months average volume of 1.73 million shares. The Company's shares have advanced 1.92% in the previous three months. The stock is trading 1.11% above its 50-day moving average. Additionally, shares of Cigna, which provides insurance and related products and services in the US and internationally, have an RSI of 56.45.
On September 7th, 2016, Cigna, through its global expatriate business segment - Cigna Global Health Benefits, announced the expansion of their partnership with African-based insurer, the Hollard Insurance Group. The partnership, in respect for a fully compliant health insurance option in sub-Saharan Africa, will create a new product called Hollard Cigna Health. The legal requirements of globally mobile staff as well as regional expats and key local nationals from corporations with operations in the region are met with this carefully tailored solution. The complimentary report on CI can be downloaded at:
http://stock-callers.com/registration/?symbol=CI
Molina Healthcare
Last Friday, shares in Long Beach, California headquartered Molina Healthcare Inc. recorded a trading volume of 698,974 shares. The stock ended the day 0.45% higher at $55.74. The Company's shares have gained 9.27% over the previous three months and are trading above their 50-day moving average by 1.51%. Furthermore, shares of Molina Healthcare, which provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program, have an RSI of 53.02.
On September 16th, 2016, Molina Healthcare announced that it has completed its previously announced offer to exchange up to $700 million aggregate principal amount of its 5.375% Senior Notes due 2022 and the note guarantees associated therewith issued on November 10th, 2015. As of the Expiration Date on September 15th, 2016, $700 million aggregate principal amount, or 100%, of the Original Notes and the note guarantees associated therewith were validly tendered for exchange, and not validly withdrawn, and accepted for exchange. The Company did not receive any proceeds from the exchange offer. Sign up for your complimentary research report on MOH at:
http://stock-callers.com/registration/?symbol=MOH
WellCare Health Plans
Tampa, Florida headquartered WellCare Health Plans Inc.'s stock advanced 0.08%, finishing the session at $110.96, with a total trading volume of 396,466 shares. The Company's shares have gained 5.46% in the previous three months and 41.87% on an YTD basis. The stock is trading above its 200-day moving average by 16.92%. Additionally, shares of WellCare Health Plans, which provides managed care services for government-sponsored health care programs, have an RSI of 42.32.
On September 8th, 2016, WellCare Health Plans announced that the National Committee for Quality Assurance has awarded its Medicare Advantage health plan in Louisiana a status of Accredited. Get free access to your research report on WCG at:
http://stock-callers.com/registration/?symbol=WCG
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article