Aetna Inc (NYSE:AET) – Investment analysts at Oppenheimer issued their Q1 2019 EPS estimates for shares of Aetna in a report released on Tuesday. Oppenheimer analyst M. Wiederhorn forecasts that the company will post earnings per share of $3.03 for the quarter. Oppenheimer also issued estimates for Aetna’s Q2 2019 earnings at $3.10 EPS, Q3 2019 earnings at $2.94 EPS, Q4 2019 earnings at $2.04 EPS and FY2019 earnings at $11.11 EPS.
AET has been the subject of a number of other reports. Zacks Investment Research raised shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a report on Thursday, October 12th. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Piper Jaffray Companies raised shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price target for the company in a report on Wednesday, January 3rd. Argus downgraded shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 price target for the company. in a report on Wednesday, December 6th. Finally, Morgan Stanley downgraded shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price target for the company. in a report on Wednesday, December 20th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Aetna has an average rating of “Buy” and an average price target of $172.64.
Shares of Aetna (NYSE AET) traded up $0.39 during trading on Wednesday, reaching $185.49. 2,219,429 shares of the company’s stock were exchanged, compared to its average volume of 2,880,758. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. Aetna has a 12-month low of $116.04 and a 12-month high of $192.37. The company has a market cap of $60,490.00, a P/E ratio of 34.29, a PEG ratio of 1.58 and a beta of 0.61.
Aetna (NYSE:AET) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The firm had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.12 billion. During the same period in the prior year, the firm earned $2.07 EPS. The business’s revenue was down 5.0% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in AET. Capital World Investors increased its position in shares of Aetna by 8.9% during the 2nd quarter. Capital World Investors now owns 20,769,004 shares of the company’s stock worth $3,153,358,000 after purchasing an additional 1,688,767 shares in the last quarter. FMR LLC increased its position in shares of Aetna by 73.8% during the 2nd quarter. FMR LLC now owns 13,736,800 shares of the company’s stock worth $2,085,659,000 after purchasing an additional 5,833,567 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Aetna by 1.8% during the 3rd quarter. Janus Henderson Group PLC now owns 4,407,172 shares of the company’s stock worth $700,784,000 after purchasing an additional 78,272 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Aetna by 7.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,553,496 shares of the company’s stock worth $387,697,000 after purchasing an additional 177,364 shares in the last quarter. Finally, Fred Alger Management Inc. increased its position in shares of Aetna by 18.4% during the 2nd quarter. Fred Alger Management Inc. now owns 1,661,780 shares of the company’s stock worth $252,308,000 after purchasing an additional 257,678 shares in the last quarter. 87.69% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, January 10th. Aetna’s payout ratio is 36.97%.
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Aetna Company Profile
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.
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