Q3 2016 Earnings Estimate for Aetna Inc. (AET) Issued By Leerink Swann
Aetna Inc. (NYSE:AET) – Equities research analysts at Leerink Swann boosted their Q3 2016 earnings per share estimates for shares of Aetna in a report released on Monday. Leerink Swann analyst A. Gupte now forecasts that the brokerage will earn $2.04 per share for the quarter, up from their previous estimate of $2.03. Leerink Swann has a “Outperform” rating on the stock. Leerink Swann also issued estimates for Aetna’s Q4 2016 earnings at $1.50 EPS.
A number of other brokerages have also issued reports on AET. Credit Suisse Group AG reiterated a “hold” rating and set a $120.00 target price on shares of Aetna in a research report on Wednesday, August 3rd. Evercore ISI started coverage on Aetna in a report on Thursday, September 22nd. They issued a “buy” rating and a $128.00 price objective on the stock. Wolfe Research lowered Aetna from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 21st. FBR & Co restated a “hold” rating and issued a $135.00 price objective on shares of Aetna in a report on Thursday, August 4th. Finally, Jefferies Group restated a “hold” rating on shares of Aetna in a report on Tuesday, August 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $132.43.
Aetna (NYSE:AET) traded up 3.043% during trading on Tuesday, reaching $111.791. The company’s stock had a trading volume of 1,770,747 shares. The company’s 50 day moving average price is $114.71 and its 200 day moving average price is $115.74. Aetna has a 52 week low of $92.42 and a 52 week high of $123.57. The company has a market cap of $39.22 billion, a P/E ratio of 16.382 and a beta of 0.54.
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Aetna (NYSE:AET) last posted its earnings results on Tuesday, August 2nd. The company reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.09. Aetna had a return on equity of 16.44% and a net margin of 3.89%. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.69 billion. During the same period last year, the company earned $2.05 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date is Tuesday, October 11th. Aetna’s dividend payout ratio is currently 14.73%.
In other Aetna news, insider Shawn M. Guertin sold 45,328 shares of Aetna stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $120.21, for a total value of $5,448,878.88. Following the completion of the transaction, the insider now directly owns 44,883 shares of the company’s stock, valued at approximately $5,395,385.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey E. Garten sold 7,100 shares of Aetna stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $116.51, for a total value of $827,221.00. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. increased its position in Aetna by 304.8% in the second quarter. Hartford Financial Management Inc. now owns 850 shares of the company’s stock valued at $101,000 after buying an additional 640 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Aetna by 9.7% in the second quarter. Parkside Financial Bank & Trust now owns 829 shares of the company’s stock valued at $101,000 after buying an additional 73 shares in the last quarter. Acrospire Investment Management LLC increased its position in Aetna by 37.3% in the second quarter. Acrospire Investment Management LLC now owns 1,105 shares of the company’s stock valued at $135,000 after buying an additional 300 shares in the last quarter. FirstMerit Bank N A Trustee bought a new position in shares of Aetna during the second quarter valued at about $200,000. Finally, Advisory Services Network LLC boosted its position in shares of Aetna by 237.8% in the third quarter. Advisory Services Network LLC now owns 1,733 shares of the company’s stock valued at $200,000 after buying an additional 1,220 shares during the last quarter. 91.94% of the stock is owned by institutional investors.
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. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS).
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