FY2018 Earnings Forecast for Aetna Inc (AET) Issued By Cantor Fitzgerald
Aetna Inc (NYSE:AET) – Cantor Fitzgerald upped their FY2018 earnings estimates for Aetna in a research report issued on Wednesday. Cantor Fitzgerald analyst S. Halper now forecasts that the company will post earnings of $11.50 per share for the year, up from their prior forecast of $10.00. Cantor Fitzgerald has a “Neutral” rating on the stock.
A number of other brokerages have also recently weighed in on AET. Piper Jaffray Companies upgraded shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price objective for the company in a research note on Wednesday, January 3rd. Wells Fargo & Co reiterated an “outperform” rating and set a $208.00 target price (up previously from $200.00) on shares of Aetna in a research note on Monday, December 4th. Morgan Stanley downgraded shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price for the company. in a research note on Wednesday, December 20th. Deutsche Bank upgraded shares of Aetna from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $212.00 in a research note on Monday, January 22nd. Finally, ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $185.94.
Aetna (NYSE:AET) last released its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $14.79 billion. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in AET. GSA Capital Partners LLP bought a new stake in shares of Aetna during the second quarter worth about $350,000. Macquarie Group Ltd. raised its holdings in shares of Aetna by 17.6% in the second quarter. Macquarie Group Ltd. now owns 173,306 shares of the company’s stock valued at $26,311,000 after buying an additional 25,930 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Aetna in the second quarter valued at about $733,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Aetna in the second quarter valued at about $216,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Aetna in the second quarter valued at about $425,000. 87.41% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Thursday, January 11th were given a $0.50 dividend. The ex-dividend date was Wednesday, January 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.09%. Aetna’s dividend payout ratio (DPR) is presently 34.78%.
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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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