Last $32.95 USD
Change Today +0.18 / 0.55%
Volume 644.4K
HNT On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

health net inc (HNT) Snapshot

Open
$32.75
Previous Close
$32.77
Day High
$33.28
Day Low
$32.66
52 Week High
03/11/14 - $35.70
52 Week Low
11/7/13 - $25.40
Market Cap
2.6B
Average Volume 10 Days
729.6K
EPS TTM
$2.23
Shares Outstanding
80.0M
EX-Date
--
P/E TM
14.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for HEALTH NET INC (HNT)

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health net inc (HNT) Details

Health Net, Inc. provides managed health care services through health plans and government-sponsored managed care plans in the United States. It operates through Western Region Operations and Government Contracts segments. The company offers various health care services, including ambulatory and outpatient physician care, hospital care, pharmacy services, behavioral health, and ancillary diagnostic and therapeutic services. It also offers health plans, such as a matrix package, which allows employers and members to select their desired coverage from various alternatives; and commercial health care products comprising health maintenance organization plans, preferred provider organization (PPO) plans, point of service plans, and exclusive provider organization (EPO) plans. In addition, the company provides various Medicare products, including Medicare advantage plans with and without prescription drug coverage; and Medicare supplement products that supplement traditional fee-for-service Medicare coverage. Further, the company offers Medicaid and related products; insured PPO, EPO, and indemnity products; auxiliary non-health products, such as life, accidental death and dismemberment, dental, vision, and behavioral health insurance; and other specialty services and products comprising pharmacy benefits, behavioral health, dental, and vision products and services, as well as managed care products for hospitals, health plans, and other entities. Additionally, it is involved in government-sponsored managed care federal contract with the Department of Defense under the TRICARE program; and other health care, mental health, and behavioral health government contracts. The company also provides administrative services comprising provider network management, referral management, medical management, disease management, enrollment, customer service, clinical support service, and claims processing. Health Net, Inc. was founded in 1979 and is based in Woodland Hills, California.

7,565 Employees
Last Reported Date: 03/3/14
Founded in 1979

health net inc (HNT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $586.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $746.2K
President of Government Programs
Total Annual Compensation: $543.3K
Senior Vice President of Customer & Technolog...
Total Annual Compensation: $694.8K
Compensation as of Fiscal Year 2012.

health net inc (HNT) Key Developments

Health Net, Inc. Presents at Barclays Capital 2014 Global Healthcare Conference, Mar-11-2014 10:45 AM

Health Net, Inc. Presents at Barclays Capital 2014 Global Healthcare Conference, Mar-11-2014 10:45 AM. Venue: Loews Miami Beach Hotel, Miami, Florida, United States. Speakers: Jay M. Gellert, Chief Executive Officer, President and Director.

Health Net, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year 2014

Health Net, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's total revenues were $2,743,244,000 against $2,837,782,000 a year ago. Income from continuing operations before income taxes was $28,042,000 against $8,424,000 a year ago. Income from continuing operations was $19,753,000 or $0.25 diluted per share against $8,167,000 or $0.10 diluted per share a year ago. Net income was $19,753,000 or $0.25 diluted per share against $6,011,000 or $0.07 diluted per share a year ago. Net cash used in operating activities was $71,886,000 against net cash provided by operating activities of $77,970,000 a year ago. Purchases of property and equipment was $16,929,000 against $18,071,000 a year ago. For the year, the company's total revenues were $11,053,743,000 against $11,289,092,000 a year ago. Income from continuing operations before income taxes was $269,953,000 against $31,650,000 a year ago. Income from continuing operations was $170,126,000 or $2.12 diluted per share against $25,681,000 or $0.31 diluted per share a year ago. Net income was $170,126,000 or $2.12 diluted per share against $122,063,000 or $1.47 diluted per share a year ago. Net cash provided by operating activities was $95,839,000 against $32,540,000 a year ago. Purchases of property and equipment was $59,525,000 against $73,101,000 a year ago. The company expects GAAP earnings per diluted share of at least $3.00 for the full year 2014. The year-over-year increase in earnings per diluted share is based primarily on the company's expectation of an approximate 30% increase in total revenues, primarily driven by new and expanded programs that are expected to add approximately 600,000 new members by the end of 2014, lower medical care ratios in the company's commercial and Medicare Advantage businesses and a lower tax rate compared with 2013. The company expects its tax rate to decline to 34%. And this will benefit net income by approximately $60 million.

Health Net Community Solutions, Inc. Enters into a Contract with the Centers for Medicare & Medicaid Services and the California Department of Health Care Services

Health Net, Inc. has announced that its subsidiary, Health Net Community Solutions, Inc., has entered into a contract with the Centers for Medicare & Medicaid Services, or CMS, and the California Department of Health Care Services, or DHCS, for the dual-eligible demonstration in Los Angeles and San Diego counties. Under the terms of the contract, Health Net will provide managed care services in both Los Angeles and San Diego counties under the duals demonstration portion of California's Coordinated Care Initiative, known as Cal MediConnect. The company expects to begin implementation of its Cal MediConnect coverage in both counties no earlier than April 1, 2014. The demonstration is expected to improve care coordination and health outcomes for those who are eligible for both Medi-Cal (California's Medicaid program) and Medicare (the federal health care program for those age 65 and over and the disabled).

 

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HNT Competitors

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Industry Analysis

HNT

Industry Average

Valuation HNT Industry Range
Price/Earnings 15.5x
Price/Sales 0.2x
Price/Book 1.6x
Price/Cash Flow 12.6x
TEV/Sales 0.0x
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