Anthem, Inc. (ANTM) - NYSE
  • Nov. 13, 2013, 8:28 AM
    • FBR is out with new coverage on the health insurers.
    • WellPoint (WLP) is initiated at Market Perform. Price target is $93. Analyst Steven Halper is "concerned with the company's focus on the unproven exchange-based individual market."
    • UnitedHealth (UNH) initiated at Outperform. Price target is $77. At 12X FBR's 2014 estimates, Halper thinks the stock is "attractive."
    • Humana (HUM) started at Market Perform. Price target is $92. Halper says the company "faces some uncertainty with regard to commercial membership as health insurance exchanges develop."
    | Nov. 13, 2013, 8:28 AM
  • Nov. 12, 2013, 4:46 AM
    • Fewer than 50,000 people had managed to enroll in private insurance plans via the government's problem-plagued HealthCare.gov Web site as of last week. The number represents less than 10% of the 500,000 people that had been projected.
    • Twelve of the 14 states that are operating their own exchanges have signed up 49,000. The total is therefore also well below the initial target, which was 800,000. The Congressional Budget Office's prediction of 7M enrollments by March seems like a distant dream.
    • Major health insurers are so concerned that they want to be allowed to sign up those who are entitled to subsidies directly rather than via the federal system. However, the administration isn't keen, due to privacy concerns.
    • Insurers: Aetna (AET), WellPoint (WLP), UnitedHealth Group (UNH), Humana (HUM), Cigna (CI), Molina Healthcare (MOH).
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Nov. 12, 2013, 4:46 AM | 2 Comments
  • Nov. 5, 2013, 9:26 AM
    • Monness Crespi is out with downgrades for health insurers.
    • Aetna (AET), Cigna (CI), WellPoint (WLP), UnitedHealth (UNH), and Humana (HUM) are all cut to Neutral from Buy.
    • Most of the names are trading fairly close to their respective 52-week highs.
    • % below 52-week highs as of Monday's close: WLP -3.5%, AET -8%, CI -6%, UNH -9%, HUM -5.7%
    | Nov. 5, 2013, 9:26 AM
  • Oct. 28, 2013, 5:12 AM
    • The Affordable Care Act appears to have so far proved beneficial to investors in health insurers.
    • Over the past year, the share prices of the five top firms in the sector — Aetna (AET), WellPoint (WLP), UnitedHealth Group (UNH), Humana (HUM) and Cigna (CI) — have increased an average of 32%, well above the S&P 500's rise of 24%.
    • Health insurers predict that their earnings will rise after Obamacare is fully in effect, as they expect to gain more customers from people being forced to buy coverage. This is seen offsetting the cost of increased regulations. A fall in healthcare costs has also helped the sector.
    | Oct. 28, 2013, 5:12 AM
  • Oct. 24, 2013, 12:30 PM
    • "We think [they] should be able to deliver EPS in excess of $8 next year although we are trimming our 2014-2015 EPS estimates on a higher share count view. Note that Q3 represented the first period in 31 quarters that share count increased sequentially." That's Deutsche's Greg Poole commenting on WellPoint's (WLP -2%) quarter.
    • Poole thinks the company's "strong execution in 2013 [is] balanced by potential margin risks in 2014," and reiterates a Hold rating.
    • Price target is lowered to $90 from $92.
    • CC transcript
    | Oct. 24, 2013, 12:30 PM
  • Oct. 23, 2013, 7:16 AM
    • WellPoint's (WLP +2.3%) net income -5.1% to $656.2M.
    • Operating revenue of $17.73B up 17%.
    • Raises guidance for the third time this year, citing gains from Obamacare as a reason. WellPoint now projects 2013 adjusted EPS of at least $8.40, well above consensus of $8.27.
    • Medical-plan enrollment +6% to 35.5M, boosted by the $4.9B acquisition of Amerigroup last year.
    • Declares Q4 dividend of $0.375 per share. (Previous) (PR)
    | Oct. 23, 2013, 7:16 AM | 1 Comment
  • Oct. 23, 2013, 6:04 AM
    • WellPoint (WLP): Q3 EPS of $2.10 beats by $0.25.
    • Revenue of $17.73B beats by $0.1B. (PR)
    | Oct. 23, 2013, 6:04 AM
  • Oct. 23, 2013, 12:05 AM
  • Oct. 22, 2013, 5:30 PM
  • Oct. 18, 2013, 4:36 AM
    • The technology problems afflicting the roll-out of health-insurance exchanges seem to be even worse than thought, with insurers saying that the marketplaces are generating incorrect information.
    • "Errors include duplicate enrollments, spouses reported as children, missing data fields and suspect eligibility determinations," the WSJ writes.
    • The problems are damaging the ability of insurers to process even the small numbers of people who have signed up. "The longer this takes to resolve...the harder it will be to get people to (come back and) sign up," said Aetna (AET) CEO Mark Bertolini.
    • Other firms that could be affected include UnitedHealth (UNH), WellPoint (WLP), Humana (HUM) and Molina Healthcare (MOH).
    • The IT contractors involved include IBM (IBM), Infosys (INFY) and CGI Group (GIB).
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Oct. 18, 2013, 4:36 AM | 11 Comments
  • Oct. 17, 2013, 1:28 PM
    • Investors aren't satisfied with UnitedHealth's (UNH -4.9%) quarter, as the stock is notably lower on heavy volume.
    • Although the company matched Street estimates, profit ticked up only slightly Y/Y and the company's FY EPS guidance of $5.40-5.50 is still below consensus estimates.
    • Also lower on the day: WLP -1.4%, HUM -3.4%, AET -1.9%
    • Earnings
    | Oct. 17, 2013, 1:28 PM | 1 Comment
  • Oct. 2, 2013, 4:07 AM
    • Millions of people visited the Web sites of health-insurance exchanges yesterday on their first day of operations, although, as expected, many of the sites were beset by technical glitches.
    • It's unclear how much of the traffic translated into sales - Connecticut's site received 28,000 hits as of 4 pm but only 167 people had applied to buy insurance.
    • The exchanges have been created as a key part of Obamacare.
    • Health insurers that are selling plans on exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP), Health Net (HNT) and Humana (HUM). Molina Healthcare (MOH) is also playing a role.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Oct. 2, 2013, 4:07 AM | 2 Comments
  • Oct. 1, 2013, 3:50 AM
    • The government shutdown notwithstanding, health-insurance exchanges are due to open today for people to buy plans in one of the most important provisions of Obamacare. Those who don't acquire coverage will face fines.
    • However, the roll-out is not expected to be hassle-free, with technical problems already ensuring that some states won't be able to offer full functionality at first.
    • Health insurers that intend to sell plans on some exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP) and Humana (HUM). Molina Healthcare (MOH) is also set to play a role.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Oct. 1, 2013, 3:50 AM | 1 Comment
  • Sep. 25, 2013, 3:08 AM
    • The average cost of a mid-tier health insurance plan under Obamacare is $328 a month, price data from the government showed yesterday, just a week before enrollment in the healthcare overhaul is due to begin on October 1.
    • As you'd expect, prices were cheaper in the states with more competition.
    • The Obama administration hopes to sign up 7M consumers in the first year, with 2.7M young and healthy Americans set to pay for those who are older and sicker. The average premium for a 27-year-old nonsmoker will range from $163-$240 a month.
    • Health insurers that intend to sell plans on some exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP) and Humana (HUM). Molina Healthcare (MOH) is also set to play a role.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Sep. 25, 2013, 3:08 AM | 8 Comments
  • Sep. 17, 2013, 8:15 AM
    • WellPoint (WLP) adds two healthcare veterans to its board, Elizabeth Tallett and John Short.
    • Tallet has over 35 years of biopharmaceutical and consumer-products experience, including as lead director at Coventry Health Care.
    • Short is the former CEO of RehabCare Group, which was acquired by Kindred Health Care in 2011. (PR)
    | Sep. 17, 2013, 8:15 AM
  • Sep. 13, 2013, 10:16 AM
    • BofA's Kevin Fischbeck is no longer bearish on WellPoint (WLP +0.5%).
    • "As details around the [healthcare] exchanges start to come into view, we now think [they] will be less disruptive than initially feared," Fischbeck says, upgrading the shares to Neutral from Underperform.
    • Caveat: "Much of [WLP's] growth is slated to come from government businesses which it historically has not run well."
    • Government business was 45% of total operating revenue last quarter. On the Q2 call, management said it "recognizes the need to improve performance in [the] Medicare and legacy WellPoint Medicaid businesses." (see transcript for Fischbeck's Q&A with management)
    | Sep. 13, 2013, 10:16 AM | 1 Comment
Company Description
Anthem, Inc. provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid and Medicare markets. The company also provides an array of specialty and other insurance products... More
Sector: Healthcare
Industry: Health Care Plans
Country: United States