|Bid||160.32 x 800|
|Ask||161.00 x 900|
|Day's Range||159.55 - 162.99|
|52 Week Range||141.95 - 226.61|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||13.88|
|Forward Dividend & Yield||0.04 (0.03%)|
|1y Target Est||N/A|
I listened to Leon Cooperman’s talk at an event hosted by the New York Alternative Investment Roundtable. There were a few members of the media present at the event and they decided that the most interesting part of Cooperman’s talk was his comments regarding the private equity industry. “I think it’s a scam personally” Cooperman […]
Pharmaceutical companies and middlemen known as pharmacy benefit managers are generally at odds in a battle over drug prices. So, who is actually responsible for high prescription prices?
The sector has lagged behind the broader market, partly because of concern that the government could act to rein in drug prices.
President & CEO of Cigna Corp (30-Year Financial, Insider Trades) David Cordani (insider trades) bought 32,509 shares of CI on 09/09/2019 at an average price of $155.17 a share. Continue reading...
The Zacks Analyst Blog Highlights: First Horizon National, Cigna, Ally Financial and Och-Ziff Capital Management
The partnership is the first of its kind for Ascension, which operates 151 hospitals across the country.
The right mergers and acquisitions (M&A;) can make a good company even better by opening up new markets, expanding capabilities and market share, and diversifying product lines.Not every deal is a guaranteed winner, but investors typically benefit from smart M&A.; A 2016 Booth Business School study found, on average, an increase in overall value for both the acquiring and acquired companies at the time of the merger, and a long-term rise in value for companies that made cash acquisitions.Consider the $81 billion merger between Exxon and Mobil in 1999 that created Exxon Mobil (XOM) - now a $300 billion goliath and the largest publicly traded energy company on U.S. exchanges. Or there's Walt Disney's (DIS) $6 billion buyout of Pixar in 2006. The studio's animated films have generated nearly $11 billion in worldwide box office alone, not accounting for merchandise and other related opportunities.Last year was an especially good year for corporate M&A; thanks to major catalysts provided by tax reform, low borrowing costs and a healthy stock market. Dealmaking hit near-record levels last year. According to Mergermarket, 5,718 transactions closed, and deal volume exceeded $1.5 trillion - the second-highest total ever. Also noteworthy was last year's surge in "mega-deals" - transactions valued at more than $10 billion. These included Keurig Dr. Pepper's (KDP) $27 billion acquisition of soft drink maker Dr. Pepper Snapple Group and pharmacy chain CVS Health's (CVS) $70 billion takeover of health insurance provider Aetna.Here are 15 large-cap stocks that are looking for big things out of their pending or recently closed M&A; deals. These mergers and acquisitions are either already sparking new life in the acquiring companies, or analysts and other market professionals expect them to do so over the coming years. SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained
While several global economic and geopolitical concerns have led to sell-off in the finance stocks recently, the industry's fundamental strength and growth initiatives keep it poised for growth.
The Healthcare Transformation Alliance, led by former N.J. Congressman Rob Andrews, has saved its members at least $400 million in overall health care spending.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investing.com – Investors are betting big on Boeing (NYSE:BA) for now, and the Dow Jones Industrial Average was the beneficiary on Thursday.
Oscar Insurance Corp. expansion comes as other health insurers are expanding their Affordable Care Act plan offerings for next year.
In what will likely be a good test of a market in which there has been few major office sales of late, 2000 Park Lane is up for sale. Sources familiar with the marketing of the property indicate the Parkway West complex is being shopped around by its owner, Atlanta Property Group, which bought it in a seven-building portfolio deal a little more than two years ago. The Pittsburgh property, totaling nearly 235,000 square feet and located in North Fayette, was the first buy of its kind by the company and is the only one listed outside its southern territory that extends from North Carolina through central Georgia and into Florida.
Cigna's move to shed it underscores its decision to focus on healthcare following its $54-billion acquisition of pharmacy benefits manager Express Scripts Holding Co last year. The Bloomfield, Connecticut-based company is working with an investment bank to run an auction for the group benefits business, the sources said.
Cigna (CI) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.