Universal American Corporation (UAM) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.21. Analysts had a consensus of $0.06. The company posted revenue of $346.10 million in the period, compared to analysts expectations of $405.91 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Universal American Corporation closed down -0.23 points or -3.03% at $7.37 with 97,652 shares getting traded on Tusday. Post opening the session at $7.61, the shares hit an intraday low of $7.35 and an intraday high of $7.62 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 28, 2016, Richard C Perry (director) sold 1.1011515E7 shares at $6.80 per share price. According to the SEC, on Jun 27, 2016, Thomas Scully (director) sold 6,999,200 shares at $6.80 per share price.
Universal American Corp. is a health insurance company. The Company primarily serves the growing Medicare population by providing Medicare Advantage products. The Company operates the following segments: Medicare Advantage Management Services Organization (MSO) Medicaid Traditional Insurance and Corporate & Other. The Company provides health insurance to low-income families and individuals with disabilities. Medicare Advantage segment includes the Company’s Medicare Advantage businesses. The Company’s MSO segment supports its physician partnerships in the development of value-based healthcare models. The Company’s Medicaid segment includes the operations of its Total Care Medicaid health plan. The Company’s Traditional Insurance segment reflects the Company’s closed block of insurance products not offered through government programs.