Following were among the insurance companies whose shares were heavily traded in Friday's session and the expectation is for the continuation of this trend on Monday.
Shares of insurers kept climbing Friday as a key healthcare vote in congress set for the weekend loomed in the background. The upward climb in insurance stocks seemed to indicate that the market had factored in the eventual passage of the bill which could add 10's of millions of new subscribers to the insurers client base.
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Aetna Inc. (AET) surged 3.67% to $34.46 on 14.33 million shares. The company expects first-quarter earnings to surpass Wall Street predictions, but it held to its previous projection for full-year profit.
CIGNA Corporation (CI) gained 3.46% to $37.08 on 7.78 million shares. In the past one year, the stock has rallied over 115%.
WellPoint, Inc. (WLP) went up 1.96% to $65.07 on 12.46 million shares. In the past one month, the stock has gained over 11%.
Health Net, Inc. (HNT) soared 1.55% to $26.15 on heavy volume. In the past one month, the stock has gained over 14%.
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