Aetna Inc. Setting The Table For Earnings

Health insurer Aetna's adjusted profit breezes past estimates

Health insurer Aetna's adjusted profit breezes past estimates

Diamond Hill Capital Management Inc. now owns 1,656,372 shares of the company's stock worth $211,270,000 after buying an additional 108,874 shares in the last quarter.

Aetna's proposed acquisition of Humana Inc. However, Aetna's merger with Humana has been blocked by the U.S regulators.

The number of shares now held by investors is 331.72 Million.

Adjusted earnings were $939 million or $2.71 per share compared to $821 million or $2.32 per share for first-quarter 2016. That value represents a market adjusting for revenues that have been growing by 4.51 % on a quarterly year/year basis as of the company's last quarterly report.

In recent action, Aetna Inc. Royal Bank of Canada reaffirmed a "buy" rating and issued a $145.00 price target on shares of Aetna in a report on Monday, April 24th. Following the sale, the insider now owns 44,880 shares of the company's stock, valued at approximately $5,805,228.

Shares of Aetna Inc (NYSE:AET) opened at 138.91 on Wednesday. The simple 20 day moving average stands at 5.16% and the simple 200-day moving average is at 12.90%. For AET, you can get a sense of how sustainable that is by a levered free cash flow of $3.45 Billion over the past twelve months. The stock carved out a 52-week low down at $103.97.

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Aetna Inc. (NYSE:AET)'s earnings is on the doorstep as the firm is set to report on 5/2/2017 8:30:00 AM. Our consensus called for EPS of $2.36 and the company reported earnings per share of $2.71 and increased 17% year over year. Aetna's revenue fell 3.4% to $15.17 billion. Aetna had a return on equity of 16.39% and a net margin of 3.58%. The business's quarterly revenue was down 3.4% compared to the same quarter past year. The company now expects earnings of $8.80 to $9 a share, in line with analysts' projections of $8.88 a share.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. The ex-dividend date was Tuesday, April 11th.

One of the nation's largest insurers is likely to exit more ObamaCare exchanges at the end of the year. The third largest holder is State Street Corp, which now holds $2.9 billion worth of this stock and that ownership represents almost 6.6% of its market capitalization.

At present, Aetna Inc. has a PE ratio of 21.07 with a forward P/E of 13.77 *.

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Taking a look into the performance of AET stock, investor will come to know that the weekly performance for this stock is valued at 3.15%, resulting in a performance for the month at 8.20%. Cantor Fitzgerald initiated coverage on shares of Aetna in a report on Tuesday, February 7th.

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