Morgan Stanley analyst Andrew Schenker has recently initiated coverage on the health insurers sector with an “in-line” rating. "Health reform will drive long-term profitability, but near-term earnings will likely be volatile," he said. "While most managed care organizations should ultimately benefit under reform, we expect some to be winners and some to be challenged next year given the opportunities for enrollment growth, the potential for margin compression, and execution missteps due to reform." Schenker has initiated coverage on Aetna Inc., Cigna Corp., and UnitedHealth Group Inc. with “overweight” ratings, while Centene Corp., Humana Inc., Molina Healthcare Inc. and WellPoint Inc. received “equal-weight” ratings. Also, WellCare Health Plans Inc. received an “underweight” rating.
Aetna Inc. (NYSE: AET) shares traded in the range of $66.50 to $67.82 Friday before settling to close at $67.77, an increase of 1.48 percent. The stock appears to be facing some resistance at $68.62 with some support at the $66.35 and $65.69 levels. Shares of Aetna have gained approximately 46.0 percent in 2013.
More information on Aetna and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AET
CIGNA Corporation (NYSE: CI) shares traded in the range of $85.58 to $86.87 Friday before settling to close at $86.62, an increase of 1.04 percent. The stock appears to have some support at the $85.38, $84.25 and $80.47 levels. Shares of CIGNA have fallen approximately 66.0 percent in 2013.
More information on CIGNA and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CI
UnitedHealth Group Inc. (NYSE: UNH) shares traded in the range of $72.80 to $73.75 Friday before settling to close at $73.74, an increase of 1.14 percent. The stock appears to be facing some resistance at $75.25 with some support at the $73.34 and $72.69 levels. Shares of UnitedHealth Group have gained approximately 35.0 percent in 2013.
More information on UnitedHealth Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/UNH
WellCare Health Plans, Inc. (NYSE: WCG) shares traded in the range of $71.37 to $73.09 Friday before settling to close at $72.95, an increase of 1.86 percent. The stock appears to be facing some resistance at $80.97 with some support at the $72.59 and $71.02 levels. Shares of WellCare Health Plans have gained approximately 50.0 percent in 2013.
More information on WellCare Health Plans and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WCG
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