Last $53.77 USD
Change Today +0.04 / 0.07%
Volume 216.5K
HNT On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

health net inc (HNT) Snapshot

Open
$53.79
Previous Close
$53.73
Day High
$53.96
Day Low
$53.55
52 Week High
12/19/14 - $54.84
52 Week Low
12/30/13 - $28.61
Market Cap
4.2B
Average Volume 10 Days
565.6K
EPS TTM
$2.71
Shares Outstanding
77.9M
EX-Date
--
P/E TM
19.8x
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 and Operating Officer, Execut...
Total Annual Compensation: $752.0K
President of Government Programs
Total Annual Compensation: $546.4K
Chief Compliance and Administration Officer
Total Annual Compensation: $694.8K
Health Care Services Officer
Total Annual Compensation: $491.0K
Compensation as of Fiscal Year 2013.

health net inc (HNT) Key Developments

Health Net, Inc. Provides Earnings Guidance for the Year 2014 and 2015

Health Net, Inc. announced 2015 annual guidance of at least $2.55 for GAAP earnings per diluted share and at least $3.15 per diluted share for the combined Western Region Operations (Western Region) and Government Contracts segments. The EPS guidance for the combined segments would represent a 40% increase compared with the company’s existing guidance for the full year of 2014. The company expects total consolidated revenue of approximately $17.4 billion, an increase of approximately 22.5%. The tax rate for the combined segments is expected to increase by 390 basis points, primarily due to the higher, non-deductible health insurer fee. GAAP tax rate is expected to be 57.4%. The company announced earnings guidance for the fiscal year 2014. For the year, the company expects total consolidated revenues of $14.2 billion. GAAP tax rate is expected to be 28.0%. GAAP earnings per diluted share is expected to be at least $1.95.

Health Net Reaffirms Earnings Guidance for the Fiscal Year 2014

Health Net reaffirmed its earnings guidance for the fiscal year 2014. The company continues to expect GAAP earnings per diluted share to be at least $1.95, which it had previously lowered from $3 per share due to the impact of incurred and expected costs related to its master services agreement with Cognizant Technology (CTSH).

Health Net Inks Bigger Deal with Cognizant

Health Net Inc. inked a seven-year deal with Cognizant Technology Solutions Corp. on Nov. 3, but employment fallout - if there is any - won't be known for months. The insurer has a workforce of roughly 2,300 in Rancho Cordova. About 800 work for Health Net's federal services division and will not be affected by the deal. Impact on the 1,500 other local Health Net employees remains unclear. Health Net has worked with Cognizant since at least 2008, but the new deal is a master services agreement that includes consulting, technology and administrative services. This means claims management, membership and benefits configuration, customer call center services, information technology and quality assurance services will shift to Cognizant. So will appeals and grievance services and medical management support.

 

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HNT Competitors

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Company Last Change
Centene Corp $106.03 USD +0.07
Magellan Health Inc $60.61 USD +0.47
Molina Healthcare Inc $53.84 USD +0.45
Triple-S Management Corp $24.36 USD +0.12
WellCare Health Plans Inc $84.25 USD +1.41
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Industry Analysis

HNT

Industry Average

Valuation HNT Industry Range
Price/Earnings 27.2x
Price/Sales 0.3x
Price/Book 2.4x
Price/Cash Flow 21.3x
TEV/Sales 0.1x
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