Angela Braly quitted as chairman and CEO of WellPoint, Inc (NYSE:WLP) after recent disparagement from shareholders who reported the second-leading United States insurer was underperforming. Shares of the company moved up.
The Indianapolis-based insurer reported in a statement on Tuesday that the company’s executive vice president and general counsel John Cannon will serve as temporary Chief Executive Officer while WellPoint searches for a substitute. The company reported in the statement that Cannon was not a applicant for the permanent post.
Throughout her 5 year tenure, Braly made herself a foe of the health-care overhaul and, recently of investors after WellPoint failed to meet earnings forecasts and lower its guidance twice in four months.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. UnitedHealth Group Inc (NYSE:UNH) fell -0.51% to settle at $54.33, CIGNA Corporation (NYSE:CI) moved down -0.07% to end at $44.72 while Humana Inc (NYSE:HUM) plunged -0.16% to finish on Tuesday at $69.91.
WellPoint, Inc (NYSE:WLP) last session volume of 2.13 million shares was lower than its average volume of 3.59 million shares. The stock after opening at $58.06 hit high price of $58.07 and then closed at $57.39 by scoring -1.32%.
WLP generated revenue of 61.54 billion in the following twelve months and earned $2.52 billion. The Company showed a positive 4.09% in the net profit margin and as well as in its operating margin which remained 6.31%. Company’s annual sales growth for the past five year was 1.25%.
The WLP past twelve months price to sales ratio was +0.30 and price to cash ratio remained 9.56. As far as the returns are concern, the WLP return on equity was recorded as 10.53% while its return on asset stayed at 4.78%.
The stock showed weekly upbeat performance of +0.21% which was maintained for the month at +3.93%. Likewise the negative performance for the quarter was recorded as -15.28% and for the year was -6.52% while the YTD performance remained at -12.61%.
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