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Wednesday, February 6, 2013

Coventry says quarterly profits rose, Kentucky Medicaid improved, (NYSE: AET), (NYSE: CVH)

Coventry Health Care Inc, which is being bought by larger competitor Aetna Inc, on Wednesday said that fourth-quarter profits rose, helped by improvements in its Kentucky Medicaid business. The company reported net income of $119 million, or 88 cents per share, up from $86 million, or 60 cents a share a year earlier.

Aetna Inc. (Aetna) is a diversified healthcare benefits company. Shares of AET remained unchanged at $49.55. In the past year, the shares have traded as low as $34.58 and as high as $51.14. On average, 3571340 shares of AET exchange hands on a given day and today's volume is recorded at 0.

Coventry Health Care, Inc. (Coventry) is a diversified national managed healthcare company based in Bethesda, Maryland. Shares of CVH remained unchanged at $46.40. In the past year, the shares have traded as low as $27.72 and as high as $46.58. On average, 944758 shares of CVH exchange hands on a given day and today's volume is recorded at 0.



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