Aetna Inc (NYSE:AET) – Analysts at Jefferies Financial Group issued their Q2 2019 earnings per share (EPS) estimates for shares of Aetna in a research note issued to investors on Tuesday, October 30th. Jefferies Financial Group analyst D. Windley forecasts that the company will post earnings per share of $3.78 for the quarter.
Aetna (NYSE:AET) last issued its earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.13. The firm had revenue of $15.48 billion for the quarter, compared to the consensus estimate of $15.40 billion. Aetna had a return on equity of 20.78% and a net margin of 5.99%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS.
AET has been the topic of a number of other research reports. Citigroup raised their target price on Aetna from $202.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday. Piper Jaffray Companies downgraded Aetna from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $212.00 to $206.00 in a report on Tuesday. Credit Suisse Group reduced their target price on Aetna from $207.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $204.00 target price on shares of Aetna in a report on Tuesday. Finally, Zacks Investment Research raised Aetna from a “sell” rating to a “hold” rating in a report on Monday, August 6th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $204.17.
Shares of AET stock opened at $198.21 on Friday. The firm has a market capitalization of $64.96 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.71. Aetna has a fifty-two week low of $166.88 and a fifty-two week high of $206.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.79.
A number of large investors have recently made changes to their positions in AET. PointState Capital LP raised its position in Aetna by 111.2% during the 2nd quarter. PointState Capital LP now owns 2,193,062 shares of the company’s stock worth $402,427,000 after purchasing an additional 1,154,818 shares during the last quarter. Natixis raised its holdings in Aetna by 41.3% during the second quarter. Natixis now owns 1,235,009 shares of the company’s stock worth $226,023,000 after purchasing an additional 361,170 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Aetna by 258.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 483,961 shares of the company’s stock worth $88,808,000 after purchasing an additional 348,979 shares in the last quarter. Naya Capital Management UK Ltd. acquired a new stake in Aetna during the second quarter worth approximately $61,616,000. Finally, Cornerstone Wealth Management LLC raised its holdings in Aetna by 19,750.5% during the second quarter. Cornerstone Wealth Management LLC now owns 270,562 shares of the company’s stock worth $1,457,000 after purchasing an additional 269,199 shares in the last quarter. 83.46% of the stock is owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 24th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, October 23rd. Aetna’s dividend payout ratio is currently 20.28%.
Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.
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