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Sunday, November 4, 2012 - 3:15pm
Express Scripts Earnings Preview: More Strong Revenue Expected on Acquisition
Express Scripts (NASDAQ: ESRX), which resumed its relationship with Walgreen (NYSE: WAG) in September, is scheduled to report its third-quarter 2012 results Monday, November fifth, after the closing bell. Among other things, investors will be looking to see how the company's acquisition of Medco...
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UPDATE: Bank of America Downgrades Amerigroup from Buy to Underperform
Wednesday, August 3, 2011 - 10:04amBank of America has published a research report on Amerigroup Corp (NYSE: AGP) downgrading the company's stock and lowering the price target. In the report, Bank of America wrote, "We are waiting for EPS estimates to reset lower. Shares trade at 13x our 2012 EPS estimate, a 5% discount to...
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Citi Reviews Its Own Predictions for Amerigroup
Monday, August 1, 2011 - 7:58amCiti has published a report on Amerigroup (NYSE: AGP) reviewing 2Q11 performance and their own predictions. In the report, Citi wrote, "Texas is set to award the largest RFP in the history of the managed care program in the next two weeks, which could result in major upward revisions to AMERIGROUP...
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Wednesday, July 13, 2011 - 7:38am
Twelve Health Care ETFs Trading Near 52-Week HighsPowerShares S&P SmallCap Health Care (NYSE: PSCH) is up nearly 22% year to date. The investment seeks to replicate the S&P SmallCap 600 Capped Health Care index, which is comprised of common stocks of U.S. health care companies. Top holdings include Regeneron Pharmaceuticals (NASDAQ: REGN...
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Stifel Nicolaus Maintains Hold on Amerigroup
Friday, June 24, 2011 - 8:51amStifel Nicolaus is out with its report today on Amerigroup (NYSE: AGP), maintaining Hold. In a note to clients, Stifel Nicolaus writes, "We believe the current $64.85 share price anticipates a favorable Texas outcome. Applying the current 2012 multiple to our new estimate yields $69. Additionally...
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Deutsche Bank Reaffirms Buy on AmeriGroup
Thursday, June 23, 2011 - 7:23amDeutsche Bank is out with its report today on AmeriGroup (NYSE: AGP), reaffirming Buy. In a note to clients, Deutsche Bank writes, "We hosted several days of investor meetings with AGP's management team in New York and the Mid-Atlantic. The focus of the meetings was on the robust Medicaid managed...
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UPDATE: J.P. Morgan Raises PT on AmeriGroup to $62 (AGP)
Friday, March 4, 2011 - 10:37amJ.P. Morgan is out with its report today on AmeriGroup (NYSE: AGP), raising its PT from $49 to $62. In a note to clients, J.P. Morgan writes, "Our December2011 price target of $62/share (prior $49) is derived by applying a 14.5x (prior 12.5x) multiple to our 2012 earnings estimate, which compares...
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Deutsche Bank On Managed Care
Tuesday, November 23, 2010 - 8:09amDeutsche Bank has issued a report on Managed Care and it's aftermath of the final MLR regulations. In the report, Deutsche Bank writes "Following many months of market anticipation, HHS has now formally certified the minimum MLR model regulation that was proposed by the NAIC. HHS accepted virtually...
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Deutsche Bank Breaking News On Managed Care
Friday, September 24, 2010 - 7:22amDeutsche Bank published a managed care industry alert report that stated: "As indicated in the NAIC press conference held on 9/22, the draft NAIC regulation excludes from the premium calculation (for the purpose of MLR rebates) federal and state taxes, with the exception of certain items such as...
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BCBS-NC Files For Rate Increases
Wednesday, August 25, 2010 - 10:40amDeutsche Bank has issued an industry alert report on the Managed Care sector rate filings published by Blue Cross Blue Shield of North Carolina (BCBS-NC). This report was submitted by BCBS-NC to the NC Department of Insurance for plan effective January 1, 2011, when some of the initial health care...
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