Aetna Inc. to Post Q1 2018 Earnings of $2.75 Per Share, Oppenheimer Holdings Forecasts (AET)
Aetna Inc. (NYSE:AET) – Oppenheimer Holdings lowered their Q1 2018 EPS estimates for shares of Aetna in a research note issued on Tuesday. Oppenheimer Holdings analyst M. Wiederhorn now expects that the company will earn $2.75 per share for the quarter, down from their prior estimate of $2.76. Oppenheimer Holdings also issued estimates for Aetna’s Q3 2018 earnings at $2.67 EPS.
AET has been the subject of several other research reports. Jefferies Group LLC increased their target price on Aetna from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday. Citigroup Inc. increased their target price on Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research lowered Aetna from a “buy” rating to a “hold” rating in a research report on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price target (up previously from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG upped their price target on Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $165.62.
ILLEGAL ACTIVITY NOTICE: “Aetna Inc. to Post Q1 2018 Earnings of $2.75 Per Share, Oppenheimer Holdings Forecasts (AET)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/11/02/aetna-inc-to-post-q1-2018-earnings-of-2-75-per-share-oppenheimer-holdings-forecasts-aet.html. Aetna (NYSE:AET) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.39. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.12 billion. During the same period last year, the company earned $2.07 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year.
Large investors have recently modified their holdings of the stock. Bruderman Asset Management LLC acquired a new position in shares of Aetna during the second quarter worth $106,000. Liberty Capital Management Inc. increased its position in shares of Aetna by 206.9% during the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after purchasing an additional 629 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Aetna by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock worth $173,000 after purchasing an additional 9 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Aetna by 53.5% during the second quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after purchasing an additional 400 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new position in shares of Aetna during the second quarter worth $182,000. 89.45% of the stock is owned by institutional investors.
In related news, EVP Margaret M. Mccarthy sold 10,288 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $162.85, for a total value of $1,675,400.80. Following the completion of the transaction, the executive vice president now owns 33,563 shares of the company’s stock, valued at $5,465,734.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Karen S. Lynch sold 15,271 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following the completion of the transaction, the president now directly owns 64,261 shares of the company’s stock, valued at approximately $10,404,498.51. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Thursday, October 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.18%. Aetna’s dividend payout ratio (DPR) is presently 37.04%.
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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