Aetna Inc. (AET) Expected to Earn FY2019 Earnings of $11.00 Per Share
Aetna Inc. (NYSE:AET) – Investment analysts at Leerink Swann reduced their FY2019 earnings per share (EPS) estimates for Aetna in a note issued to investors on Tuesday. Leerink Swann analyst A. Gupte now forecasts that the company will earn $11.00 per share for the year, down from their previous forecast of $11.37. Leerink Swann also issued estimates for Aetna’s FY2020 earnings at $12.38 EPS.
A number of other brokerages have also recently issued reports on AET. Piper Jaffray Companies reaffirmed a “hold” rating and set a $187.00 price objective on shares of Aetna in a research note on Friday, November 3rd. Zacks Investment Research cut Aetna from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Argus cut Aetna from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a research note on Wednesday. BMO Capital Markets raised their price objective on Aetna from $175.00 to $200.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, Cantor Fitzgerald cut Aetna from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $175.19.
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, beating 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 firm had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.12 billion. During the same period last year, the firm earned $2.07 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 10th. This represents a $2.00 annualized dividend and a yield of 1.09%. Aetna’s payout ratio is 36.97%.
In other Aetna news, 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 sale, the president now directly owns 64,261 shares of the company’s stock, valued at approximately $10,404,498.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,675,400.80. Following the sale, the executive vice president now directly owns 33,563 shares in the company, valued at $5,465,734.55. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in shares of Aetna by 4.2% during the third quarter. Wells Fargo & Company MN now owns 1,365,596 shares of the company’s stock valued at $217,144,000 after purchasing an additional 54,928 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Aetna by 26.3% during the second quarter. State of Tennessee Treasury Department now owns 557,814 shares of the company’s stock valued at $84,692,000 after purchasing an additional 116,280 shares during the last quarter. Fayez Sarofim & Co. lifted its holdings in shares of Aetna by 82.8% during the third quarter. Fayez Sarofim & Co. now owns 7,427 shares of the company’s stock valued at $1,181,000 after purchasing an additional 3,365 shares during the last quarter. Banque Pictet & Cie SA purchased a new position in shares of Aetna during the second quarter valued at approximately $10,567,000. Finally, Pictet & Cie Europe SA purchased a new position in shares of Aetna during the second quarter valued at approximately $2,269,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.
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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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