Bernstein Initiates Coverage on Aetna Inc to Outperform

Bernstein Initiates Coverage on Aetna Inc(NYSE:AET). The shares have been rated Outperform. The rating by Bernstein was issued on Jun 16, 2016.

In a different note, Cleveland said it Initiates Coverage on Aetna Inc, according to a research note issued on Apr 8, 2016. The shares have been rated ‘Neutral’ by the firm.

Aetna Inc (AET) shares turned negative on Tuesdays trading session with the shares closing down -1.25 points or -1.02% at a volume of 22,79,524. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $123.07. The peak price level was also seen at $123.07 while the days lowest was $121.07. Finally the shares closed at $121.09. The 52-week high of the shares is $134.4 while the 52-week low is $92.42. According to the latest information available, the market cap of the company is $42,454 M.

Aetna Inc has also declared a cash dividend of $0.2500 on May 20, 2016. The shares will quote ex-dividend on Jul 12, 2016 and the record date has been fixed on Jul 14, 2016. The dividend payable date has been fixed on Jul 29, 2016.

Aetna Inc(AET) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $15.69B. Analysts had an estimated revenue of $15.46B. Earnings per share were $2.30. Analysts had estimated an EPS of $2.22.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Margaret M Mccarthy (EVP, Operations & Technology) sold 39,169 shares at $114.45 per share price.Also, On May 4, 2016, Mark T Bertolini (Chairman and CEO) sold 33,510 shares at $114.00 per share price.On Mar 17, 2016, Gary W Loveman (EVP, Consumer Health and Svcs) purchased 8,970 shares at $111.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional voluntary and consumer-directed health insurance products and related services. The Company’s operations are conducted in three business segments: Health Care Group Insurance and Large Case Pensions. The Company’s Health Care segment includes medical pharmacy benefit management services dental behavioral health and vision plans. The Company’s Group Insurance segment’s products consist primarily of Life Insurance Products Disability Insurance Products and Long-Term Care Insurance Products. The Company’s Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Company’s customers include employer groups individuals college students part-time and hourly workers health plans health care providers Governmental units Government-sponsored plans labor groups and expatriates.

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