Aetna Inc (AET) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $2.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $2.23. The company posted revenue of $15693.80 million in the period, compared to analysts expectations of $15534.40 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 EPS.
Many Wall Street Analysts have commented on Aetna Inc. Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Outperform” and Lowered the Price Target to $ 140 from a previous price target of $142 .Shares were Reiterated by Wedbush on Feb 2, 2016 to “Neutral” and Lowered the Price Target to $ 120 from a previous price target of $130 .
Aetna Inc closed down -1.97 points or -1.70% at $113.8 with 24,45,134 shares getting traded on Wednesday. Post opening the session at $115.61, the shares hit an intraday low of $113.29 and an intraday high of $115.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 17, 2016, Gary W Loveman (EVP, Consumer Health and Svcs) purchased 8,970 shares at $111.46 per share price. According to the SEC, on Dec 28, 2015, Margaret M Mccarthy (EVP, Operations & Technology) sold 18,373 shares at $109.97 per share price. On Dec 23, 2015, Mark T Bertolini (Chairman and CEO) sold 26,996 shares at $110.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional voluntary and consumer-directed health insurance products and related services. The Company’s operations are conducted in three business segments: Health Care Group Insurance and Large Case Pensions. The Company’s Health Care segment includes medical pharmacy benefit management services dental behavioral health and vision plans. The Company’s Group Insurance segment’s products consist primarily of Life Insurance Products Disability Insurance Products and Long-Term Care Insurance Products. The Company’s Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Company’s customers include employer groups individuals college students part-time and hourly workers health plans health care providers Governmental units Government-sponsored plans labor groups and expatriates.