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Humana Inc. stock price
Humana Inc. latest news:
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UPDATE 4-Humana outlines 2018 growth challenges, shares fall
NEW YORK, Nov 8 (Reuters) - Health insurer Humana Inc
on Wednesday said its 2018 profit growth would be "a bit
below" 11 percent as the specialist in Medicare healthcare for
the elderly and disabled faces off against challenges such as
the reinstatement of a 3 percent industry-wide health insurance
Humana stock surges 3% on Q3 profit beat
Humana Inc. shares surged 3% in premarket trade Wednesday after the company reported a third-quarter profit beat and raised its 2017 adjusted earnings-per-share guidance. Earnings for the latest quarter declined to $799 million, or $3.44 per share, from $902 million, or $2.98 per share in the year-earlier period. Adjusted EPS were $3.39, compared with the FactSet consensus of $3.26. The company did not disclose a revenue number. The FactSet revenue consensus was $13.33 billion. Humana also increased its 2017 adjusted EPS guidance to about $11.60 from previous guidance of $11.50, and decreased its 2017 net EPS guidance to $17.62 from previous guidance of at least $17.83. Humana shares have risen 2.4% over the last three months, compared with a 4.4% rise in the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Humana signs to sell closed block of commercial long-term care insurance business
* Humana signs definitive agreement to sell closed block of
commercial long-term care insurance business
Humana to lay off 1,300 workers, will let employees know about jobs by end of the week
The positions will be cut shortly after the start of the year.
Health care sector falls as likelihood of ACA repeal rises; UnitedHealth's stock leads Dow losers
The health care sector traded broadly lower Tuesday, amid concerns over the potential effects of the Graham-Cassidy bill, which some analysts say is becoming increasingly likely to repeal and replace the Affordable Care Act. The SPDR Health Care Select Sector ETF shed 0.9% in afternoon trade, with 56 of its 62 components trading lower. Among the XLV's most heavily-weighted components, UnitedHealth Group's stock dropped 1.8% to pace the Dow Jones Industrial Average's decliners. The price decline of $3.61 was shaving 25 points off the Dow, which was up 44 points. Analyst Ana Gupte at Leerink Research said the bill could lead to "greater earnings downside in the near term than previous House and Senate bills for ACA-levered stocks." Among companies that Gupte said are at particular risk, shares of Centene Corp. slumped 4.6% and Molina Healthcare Inc. gave up 6.1%. Elsewhere, shares of Aetna Inc. fell 3.4%, Humana Inc. slid 3.2%, Cigna Corp. declined 1.9% and Anthem Inc. was down 2.0%. Gupte said diversified managed care organizations (MCOs) like Humana and Cigna are more defensive, though exposure should be manageable for UnitedHealth, Aetna and Anthem. The XLV has gained 4.3% over the past three months, while the S&P 500 has tacked on 2.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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