WellPoint, the nation's largest publicly traded health insurance provider by enrollment and operator of Blue Cross Blue Shield plans in more than a dozen states, continued its strong run of late this week, moving to a 52-week high of more than $79 a share on the strength of impressive earnings and overall strength of the insurance sector.

On April 27, Indianapolis-based WellPoint (NYSE: WLP) topped analysts' estimates with a first-quarter profit of $927 million, or $2.44 a share, on sales of $14.9 billion. Analysts were looking for a profit of $1.89 a share on sales of $14.65 billion.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access