Aetna Inc (AET) was Initiated by Bernstein to “Outperform”. Bernstein advised their investors in a research report released on Jun 16, 2016.
Many Wall Street Analysts have commented on Aetna Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 144 from a previous price target of $140 .
On the company’s financial health, Aetna Inc reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $2.23. The company had revenue of $15693.80 million for the quarter, 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.
Aetna Inc opened for trading at $120 and hit $121.07 on the upside on Wednesday, eventually ending the session at $119.92, with a gain of 0.30% or 0.36 points. The heightened volatility saw the trading volume jump to 21,61,890 shares. Company has a market cap of $42,044 M.
Investors should note that on May 20, 2016, Aetna Inc announced a cash dividend of $0.2500. The company’s management has announced Jul 12, 2016 as the ex-dividend date and fixed the record date on Jul 14, 2016. The payable date has been fixed on Jul 29, 2016.
In a different news, on May 12, 2016, Margaret M Mccarthy (EVP, Operations & Technology) sold 39,169 shares at $114.45 per share price. According to the SEC, on May 4, 2016, Mark T Bertolini (Chairman and CEO) sold 33,510 shares at $114.00 per share price. 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 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.