Key Developments: Health Net Inc (HNT.N)

HNT.N on New York Stock Exchange

53.73USD
24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Health Net Inc updates FY 2015 EPS guidance
Wednesday, 17 Dec 2014 04:05pm EST 

Health Net Inc:Expects FY 2015 annual guidance of at least $2.55 for GAAP earnings per diluted share (EPS) and at least $3.15 per diluted share for the combined Western Region Operations (Western Region) and Government Contracts segments.FY 2015 EPS of $3.20 - Thomson Reuters I/B/E/S.  Full Article

Health Net Inc increases share repurchase authorization to $400 mln
Wednesday, 17 Dec 2014 04:05pm EST 

Health Net Inc:On Dec. 16, 2014, board approved a $258 million increase to company's existing share repurchase program.Prior to Dec. 16, Health Net had about $142 million of authorization remaining under company's existing share repurchase program.Including newly authorized repurchase authority, Health Net currently has $400 million in repurchase authority.  Full Article

State of California awards prison Health contract to Health Net Federal Services
Thursday, 13 Nov 2014 08:30am EST 

Health Net Inc:Health Net Federal Services, LLC (Health Net), subsidiary of Health Net, Inc., announces that it has entered into contract with California Department of Corrections and Rehabilitation (CDCR) to continue providing CDCR a network of community-based specialty health care providers.Health Net also will provide, per terms of contract, third-party administration of health care claims and development of, and ongoing support for, an electronic prior-authorization program for CDCR.Contract is effective as of Oct. 1, and will continue for an initial term of five years, with five one-year extensions at CDCR's option.  Full Article

Health Net Inc reaffirms FY 2015 EPS guidance - Conference Call
Tuesday, 11 Nov 2014 03:30pm EST 

Health Net Inc:Says for FY 2015, it is comfortable with an EPS guidance somewhere in the $3.10 to $3.15 range which really represents about 38-40 pct increase in EPS year-over-year, quite remarkable.  Full Article

Health Net Inc gives FY 2015 EPS outlook - Conference Call
Monday, 3 Nov 2014 11:00am EST 

Health Net Inc:Says for FY 2015 the current analyst consensus is $3.22 per diluted share for the combined Western Region and Government Contracts segments.Says included in that consensus is one estimate of more than $4.60.Says if it exclude this one estimate, consensus would be between $3.10 and $3.15, and this range seems reasonable to at this point.Says such a range would suggest an increase in '15 earnings versus '14 guidance of about 38 to 40 pct for the combined segments.  Full Article

Health Net Inc lowers FY 2014 EPS guidance
Monday, 3 Nov 2014 08:30am EST 

Health Net Inc:Revises GAAP earnings per diluted share to at least $1.95 from at least $3.00 for FY 2014, due to the impact of incurred and expected costs related to Cognizant transaction.FY 2014 EPS of $2.31 - Thomson Reuters I/B/E/S.  Full Article

Health Net Inc names James Woys EVP, Chief Financial and Operating Officer, and Interim Treasurer
Tuesday, 19 Aug 2014 08:30am EDT 

Health Net Inc:Announces that James Woys, 56, has been named executive vice president, chief financial and operating officer, and interim treasurer, effective Sept. 2.Announced that Joseph C. Capezza, 59, currently executive vice president, chief financial officer and treasurer, will retire as CFO.  Full Article

VA expands Health Net Federal Services Patient Centered Community Care (PC3) contract
Wednesday, 13 Aug 2014 06:18pm EDT 

Health Net Inc:Health Net Federal Services, LLC, wholly owned subsidiary of Health Net, Inc., says that Department of Veterans Affairs (VA) has expanded Patient Centered Community Care (PC3) contract to include primary care services.For veterans who are unable to obtain primary care at VA medical center in three PC3 regions in which Health Net operates.  Full Article

Health Net Inc maintains FY 2014 EPS guidance
Wednesday, 6 Aug 2014 08:30am EDT 

Health Net Inc:Maintains GAAP earnings per diluted share (EPS) of at least $3.00 for FY 2014.  Full Article

Health Net Inc reaffirms FY 2014 EPS guidance
Wednesday, 7 May 2014 08:15am EDT 

Health Net Inc:Continues to expect FY 2014 GAAP earnings per diluted share of at least $3.00.  Full Article

Fitch Releases U.S. Health Insurance Credit Metrics Update

(The following statement was released by the rating agency) CHICAGO, September 22 (Fitch) Fitch Ratings has published a new report detailing key credit metrics of nine-publicly-traded U.S. health insurance and managed care companies that are either rated or followed by Fitch: Aetna, Inc., Centene Corp., Cigna Corp., Health Net Inc., Humana, Inc., Molina Health Care Inc. UnitedHealth Group, Incorporated, WellCare Health Plans, Inc. and WellPoint, Inc. The report is meant to be used as a des

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