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Last $62.39 USD
Change Today +0.15 / 0.24%
Volume 764.7K
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

health net inc (HNT) Snapshot

Open
$62.44
Previous Close
$62.24
Day High
$62.51
Day Low
$61.55
52 Week High
05/29/15 - $63.20
52 Week Low
06/10/14 - $39.35
Market Cap
4.8B
Average Volume 10 Days
555.8K
EPS TTM
$2.94
Shares Outstanding
77.1M
EX-Date
--
P/E TM
21.2x
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.

7,922 Employees
Last Reported Date: 02/27/15
Founded in 1979

health net inc (HNT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial & Operating Officer, Executiv...
Total Annual Compensation: $755.0K
President of Government Programs
Total Annual Compensation: $552.8K
President of Western Region Health Plan
Total Annual Compensation: $534.1K
Chief Administration Officer
Total Annual Compensation: $523.6K
Compensation as of Fiscal Year 2014.

health net inc (HNT) Key Developments

Health Net, Inc. Announces Executive Changes, Effective June 29, 2015

Health Net, Inc. announced that Andy Ortiz has been named senior vice president, Organization Effectiveness and chief people officer, effective June 29, 2015. Most recently, Ortiz was chief human resources officer at Western Dental Services/Brident, where he led all aspects of human resources, including workforce planning, recruitment, compensation and benefits, performance management, employee relations and engagement, change management, and employee and leadership development. Ortiz will succeed Karin Mayhew, who is retiring after 16 years at Health Net.

Health Net, Inc. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-12-2015 08:40 AM

Health Net, Inc. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-12-2015 08:40 AM. Venue: Encore at the Wynn, 3131 S Las Vegas Blvd, Las Vegas, Nevada, United States. Speakers: James E. Woys, Chief Financial & Operating Officer, Executive Vice President and Interim Treasurer.

Health Net, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year of 2015; Reports Impairment Charges for the First Quarter Ended March 31, 2015

Health Net, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $3,889,896,000 against $3,038,935,000 a year ago. Net investment income was $13,241,000 against $11,102,000 a year ago. Income from operations before income taxes was $67,709,000 against $61,960,000 a year ago. Net income was $29,988,000 against $28,787,000 a year ago. Net income per share diluted was $0.38 against $0.36 a year ago. Net cash provided by operating activities was $860,618,000 against $311,458,000 a year ago. Purchases of property and equipment were $9,221,000 against $17,437,000 a year ago. Net income results were achieved while absorbing a $21.5 million increase in the health insurer fee as compared with the first quarter of 2014. Based on results for the first quarter of 2015, the company is increasing diluted earnings per share guidance for the combined Western Region and Government Contracts segments by $0.10 to a range of $3.25 to $3.35. The company is maintaining its guidance for GAAP earnings per diluted share of at least $2.70 for the full year 2015 as it continues to incur transaction-related expenses for the Cognizant arrangement. Total consolidated revenues expected to be $17.2 billion. GAAP tax rate expected to be 56.7%. For the quarter, the company reported asset impairment of $1,884,000.

 

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