Jefferies Group Comments on Aetna Inc.’s FY2017 Earnings (AET)
Aetna Inc. (NYSE:AET) – Research analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for Aetna in a report released on Tuesday. Jefferies Group analyst D. Windley now forecasts that the company will earn $9.93 per share for the year, up from their previous estimate of $9.55. Jefferies Group has a “Hold” rating and a $185.00 price target on the stock. Jefferies Group also issued estimates for Aetna’s Q4 2017 earnings at $1.29 EPS, Q2 2018 earnings at $2.62 EPS, Q3 2018 earnings at $2.60 EPS, FY2018 earnings at $10.35 EPS and FY2019 earnings at $11.41 EPS.
Other analysts also recently issued reports about the company. BidaskClub downgraded Aetna from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Argus restated a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of Aetna in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $174.00 target price for the company in a research note on Thursday, October 12th. Citigroup Inc. raised their target price on Aetna from $183.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Deutsche Bank AG raised their target price on Aetna from $144.00 to $157.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $165.62.
TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/02/jefferies-group-comments-on-aetna-inc-s-fy2017-earnings-aet.html. Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.39. The firm had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.12 billion. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.07 EPS.
The company 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 was Wednesday, October 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.18%. Aetna’s dividend payout ratio is currently 37.04%.
In other Aetna news, EVP Margaret M. Mccarthy sold 10,288 shares of Aetna stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the transaction, the executive vice president now owns 33,563 shares of the company’s stock, valued at approximately $5,465,734.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Karen S. Lynch sold 15,271 shares of Aetna 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 transaction, the president now directly owns 64,261 shares in the company, valued at approximately $10,404,498.51. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Aetna by 3,374.9% in the 1st quarter. BlackRock Inc. now owns 30,712,219 shares of the company’s stock worth $3,917,344,000 after purchasing an additional 29,828,390 shares during the period. FMR LLC raised its holdings in shares of Aetna by 73.8% in 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 during the period. Janus Henderson Group PLC raised its holdings in shares of Aetna by 9,446.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,328,900 shares of the company’s stock worth $657,255,000 after purchasing an additional 4,283,553 shares during the period. Capital World Investors raised its holdings in shares of Aetna by 8.9% in 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 during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Aetna by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 23,117,526 shares of the company’s stock worth $2,948,640,000 after purchasing an additional 838,578 shares during the period. 89.45% of the stock is currently owned by hedge funds and other 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. 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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