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up 44.27 %

UNIVERSAL AMERICAN (UAM) downgraded to Underperform by Raymond James

Posted on: Tuesday,  Jul 16, 2013  8:25 AM ET by Raymond James

Raymond James rated Underperform UNIVERSAL AMERICAN (NYSE: UAM) on 07/16/2013, when the stock price was $10.33. Since
then, UNIVERSAL AMERICAN has lost 30.69% as of 01/11/2016's recent price of $7.16.
If you would have followed this Raymond James's recommendation on UAM, you would have gained 44.27% of your investment in 909 days.

Universal American Corp. (Universal American) offers a range of health insurance and managed care products and services, primarily to the senior population. The Company's principal health insurance products for the senior market are Medicare Advantage, insured stand-alone prescription drug benefit plans pursuant to Medicare Part D, and Medicare supplement. Universal American also provides administrative services for senior market insurance and non-insurance programs to both affiliated and unaffiliated insurance companies and prescription benefit management (PBM) services to 17 state pharmacy assistance programs (SPAPs), and offers PBM services and drug discount card programs through a number of group contracts. Collectively, the Company's insurance subsidiaries are licensed or otherwise authorized to sell health insurance, life insurance and annuities in all 50 states, the District of Columbia, and Puerto Rico, as well as some United States territories.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2013 8:25 AM Sell
as of 12/13/2013
1 Week up  1.50 %
1 Month down  -1.12 %
3 Months up  11.31 %
1 YTD up  30.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/2/2013 9:25 AM Hold

(*) Stock Price at the time of the recommendation.
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