Aetna Inc. (NYSE:AET) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $2.34 per share for the quarter.
Aetna (NYSE:AET) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.35. The firm had revenue of $15.17 billion during the quarter, compared to analyst estimates of $15.39 billion. Aetna had a return on equity of 17.75% and a net margin of 1.84%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the company posted $2.30 EPS. On average, analysts expect Aetna to post $8.99 EPS for the current fiscal year and $9.97 EPS for the next fiscal year.
Aetna Inc. (NYSE AET) opened at 154.54 on Wednesday. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 47.99 and a beta of 0.54. Aetna Inc. has a 52 week low of $104.59 and a 52 week high of $157.55. The firm’s 50-day moving average price is $153.03 and its 200-day moving average price is $137.18.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 13th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, July 11th. Aetna’s dividend payout ratio (DPR) is presently 62.31%.
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In related news, Chairman Mark T. Bertolini sold 103,547 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $140.79, for a total value of $14,578,382.13. Following the completion of the transaction, the chairman now directly owns 659,888 shares of the company’s stock, valued at approximately $92,905,631.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Margaret M. Mccarthy sold 27,028 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total transaction of $4,033,388.44. Following the completion of the transaction, the executive vice president now directly owns 33,563 shares of the company’s stock, valued at $5,008,606.49. The disclosure for this sale can be found here. 1.14% of the stock is owned by insiders.
AET has been the subject of several research analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $133.00 price objective on shares of Aetna in a research report on Thursday, April 13th. Zacks Investment Research cut shares of Aetna from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. Citigroup Inc. initiated coverage on shares of Aetna in a research report on Wednesday, June 28th. They issued a “buy” rating and a $180.00 price objective for the company. Deutsche Bank AG initiated coverage on shares of Aetna in a research report on Wednesday, April 5th. They issued a “hold” rating and a $135.00 price objective for the company. Finally, Cleveland Research upgraded shares of Aetna from a “neutral” rating to a “buy” rating in a research report on Thursday, May 11th. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $152.84.
About Aetna
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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