Some health insurers gain, others fall as Trump elected US president
Updates
** Shares of UnitedHealth UNH.N and Humana HUM.N rise 5.45% and 8.1%, respectively, as Donald Trump elected as U.S. president for a second term
** A Trump administration definitely increases the optimism and possibility of M&A happening in managed care companies, Baird analyst Michael Ha says
** The potential merger of Cigna CI.N and Humana could have a better chance of success than under the Democrats, though we still see increasing claims concentration in the PBM industry as a concern, Morningstar analyst Julie Utterback says
** Shares of CVS Health CVS.N also gain 11.5% to $61.68, helped by the appointment of former UNH executive Steve Nelson to run its Aetna insurance business
** Elevance ELV.N up 1%
** Meanwhile, sharesof Centene CNC.N, which offers Medicaid plans that cover low-income people, fall 4% to $62.17
** Peer Molina Healthcare MOH.N down 1.9% at $327.10; CI shares down 1.5%
** YTD, UNHup ~14%,CI up ~5%,ELV down ~10%, HUM down ~38%,CNC down ~16%, CVS down ~22%and MOH down ~9%
Reporting by Bhanvi Satija and Sriparna Roy in Bengaluru
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