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WLP

WellPoint, Inc.

5/20/2013, 1:15 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 15, 6:24 PM WellPoint (WLP) declares $0.375/share quarterly dividend, in line with previous. Forward yield 1.93%. For shareholders of record June 10. Payable June 25. Ex-div date June 06. (PR) Comment! [Dividends]
Tuesday, May 14, 10:02 AM "We believe one of the biggest questions on investors' minds is can [they] grow FY14 earnings," says Jefferies, stating what might fairly be called "the obvious" in a note upgrading WellPoint (WLP +1.5%) to Buy from Hold and raising the stock's price target to $92. After a "deep dive" analysis, the investment bank says it sees 7-8% EPS growth against the Street's 2.4% consensus and predicts $8.61 per share for FY14, making WLP the cheapest MCO stock, trading at 8.8x forward earnings. Meanwhile, Cigna (CI -1.8%) is "ready for a breather" and catches a downgrade to Hold from Buy — CI's CFO Ralph Nicoletti announced Monday he is leaving the company for personal reasons. Comment! [Healthcare, On the Move]
Wednesday, April 24, 10:41 AM Wellpoint (WLP +6.5%) moves higher this morning after its Q1 bottom line easily beat estimates, aided by a lower tax rate and a decline in medical costs in its Local Group. Revenue jumped 15% Y/Y, boosted by the late-year acquisition of Amerigroup. Looking forward, the company raises FY13 guidance but maintains a cautious outlook due to the significant changes looming in Medicaid. It reduces the low end of FY13 revenue guidance by $500M, now expecting between $71B and $73B, but ups its EPS estimate by $0.15 to $7.75. Analysts are looking for $7.78. Comment! [Healthcare, Earnings, On the Move]
Wednesday, April 24, 6:01 AM WellPoint (WLP): Q1 EPS of $2.94 beats by $0.56. Revenue of $17.5B (+15.8% Y/Y) misses by $0.53B. (PR) 2 Comments [Earnings, Breaking News, Healthcare]
Wednesday, April 24, 12:05 AM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Tuesday, April 23, 5:30 PM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Wednesday, April 17, 12:33 PM The big surge in health care stocks earlier this month just prior to the government's decision on Medicare Advantage rates may have been due to an email to sent by a former top congressional aide who now happens to be an outside lobbyist for Humana (HUM -1.9%). The email, which is now subject to an SEC probe, was sent to a Washington investment-research firm and circulated to clients just minutes before the close of trading, saying that "credible sources" had told them a decision had been made to restore the payments. 4 Comments [Healthcare]
Sunday, March 31, 11:33 AM What makes a good share buyback? Barron's cites four factors: i) Shares are in a downtrend. ii) It's a long-term strategy and not a short-term fix ( = >1% share count reduction/quarter). iii) Shares are cheap based on price-to-book. iv) The company has a rising dividend. The stocks that pass the test? Wellpoint (WLP), Seagate (STX), Western Union (WU) and AT&T (T). 31 Comments [Quick Ideas, Dividends]
Thursday, February 21, 9:30 AM WellPoint (WLP) declares dividend of $0.375/share for Q1, up 30% and representing an annualized dividend of $1.50. The payout equates to a yield of 2.4% based on yesterday's close of $62.58. Payable on March 25 to shareholders of record on March 8. WellPoint continues to expect that it will return $2B to shareholders in 2013 via stock buybacks and dividends. (PR) Comment! [Healthcare, Dividends]
Tuesday, February 12, 8:08 PM More on WellPoint (WLP): in light of naming Joseph Swedish as its new CEO, the company reafirms its full-year 2013 guidance and says it will postpone its February 28 investor day to allow for his planned March 25 start date. WLP also outlines his compensation: it includes base pay of $1.25M, annual bonus up to 300% of that and a "make whole" to replace pay he's leaving on the table as he switches jobs, which is currently estimated at around $3.6M. (SEC 8-K Filing) Shares -1.2% AH. 1 Comment [Healthcare]
Tuesday, February 12, 7:12 PM WellPoint (WLP) -1.2% AH after naming Joseph Swedish, most recently the CEO of hospital owner Trinity Health, its new CEO, effective March 25. Swedish replaces interim CEO John Cannon, who will maintain his old job as EVP of Legal & Public Affairs. Cannon became interim CEO following the August departure of Angela Brady. (PR) 1 Comment [Healthcare]
Sunday, February 10, 4:44 AM WellPoint (WLP) is taking on IBM's (IBM) Watson supercomputer as a virtual assistant that will answer medical questions from doctors, researchers, medical centers and insurance carriers. It's part of IBM's plan to make money out of Watson, which gained fame after beating humans in "Jeopardy!" in 2011, and the IT giant plans to introduce products for the finance sector later this year. Comment! [Healthcare, Tech]
Wednesday, January 23, 8:13 AM More on WellPoint (WLP) Q4: net profit +38% to $464.2M despite operating margin falling to 2.8% from 3.4%. Benefit-expense ratio 87.3% vs 87.6% a year earlier. Commercial business revenue -3.8% to $8.3B, consumer business +7.6% to $4.97B. Medical enrollment +5.5% to 36.1M, with Amerigroup acquisition adding nearly 2.7 members. Forecasts 2013 EPS of at least $7.60 on revenue of $71.5-73B vs consensus of $7.98 and $72.46B. Comment! [Earnings, Healthcare]
Wednesday, January 23, 6:01 AM WellPoint (WLP): Q4 EPS of $1.03 beats by $0.08. Revenue of $15.54B (+1.4% Y/Y) beats by $0.31B. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, January 23, 12:05 AM Notable earnings before Wednesday’s open: ABBV, ABT, APD, ATI, BHI, CHKP, COH, DGX, FNFG, GD, LCC, MCD, MSI, NVS, PX, RES, SAP, STJ, TEL, TXT, UTX, WLP Comment! [Earnings]
Tuesday, January 22, 5:30 PM Notable earnings before Wednesday’s open: ABBV, ABT, APD, ATI, BHI, CHKP, COH, DGX, FNFG, GD, LCC, MCD, MSI, NVS, PX, RES, SAP, STJ, TEL, TXT, UTX, WLP Comment! [Earnings]

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