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Aetna, Inc. (AET)

  • Oct. 2, 2013, 4:07 AM
    • Millions of people visited the Web sites of health-insurance exchanges yesterday on their first day of operations, although, as expected, many of the sites were beset by technical glitches.
    • It's unclear how much of the traffic translated into sales - Connecticut's site received 28,000 hits as of 4 pm but only 167 people had applied to buy insurance.
    • The exchanges have been created as a key part of Obamacare.
    • Health insurers that are selling plans on exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP), Health Net (HNT) and Humana (HUM). Molina Healthcare (MOH) is also playing a role.
  • Oct. 1, 2013, 3:50 AM
    • The government shutdown notwithstanding, health-insurance exchanges are due to open today for people to buy plans in one of the most important provisions of Obamacare. Those who don't acquire coverage will face fines.
    • However, the roll-out is not expected to be hassle-free, with technical problems already ensuring that some states won't be able to offer full functionality at first.
    • Health insurers that intend to sell plans on some exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP) and Humana (HUM). Molina Healthcare (MOH) is also set to play a role.
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  • Sep. 27, 2013, 2:01 PM
    • Aetna, Inc. (AET) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 1.24%
    • Payable Oct. 25; for shareholders of record Oct. 10; ex-div Oct. 8.
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  • Sep. 25, 2013, 3:08 AM
    • The average cost of a mid-tier health insurance plan under Obamacare is $328 a month, price data from the government showed yesterday, just a week before enrollment in the healthcare overhaul is due to begin on October 1.
    • As you'd expect, prices were cheaper in the states with more competition.
    • The Obama administration hopes to sign up 7M consumers in the first year, with 2.7M young and healthy Americans set to pay for those who are older and sicker. The average premium for a 27-year-old nonsmoker will range from $163-$240 a month.
    • Health insurers that intend to sell plans on some exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP) and Humana (HUM). Molina Healthcare (MOH) is also set to play a role.
  • Sep. 13, 2013, 9:03 AM
    • Aetna (AET) ticks 1.2% higher before the bell.
    • BofA upgrades the shares to Buy from Neutral.
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  • Aug. 28, 2013, 10:19 AM
    • The Department of Health & Human Services (HHS) has reportedly delayed the signing of final agreements with insurance plans that are to be sold on health insurance exchanges starting on October 1.
    • The HHS intends to sign the plans - which are a crucial part of Obamacare - in mid-September rather than from September 5-9, as previously intended. The reasons for the delay aren't clear.
    • The HHS says it's "on track to open" the marketplaces on time on October 1, although the delay raises doubts about whether that's the case.
    • "Having everything ready on October 1 is not a critical issue," says an administration official who worked on Obamacare. "What matters to people is January 1, which is when the coverage is supposed to start. If that were delayed, it would be a substantive setback.
    • Related tickers: AET, UNH, HNT, CI, WLP, UAM, HUM, MOH, CNC, CVH, MGLN
  • Aug. 15, 2013, 3:22 PM
    • Many health insurers are gearing up to limit the choices of doctors and hospitals they'll cover. Why? The cost.
    • Smaller networks of providers generally translate to lower premiums, because insurers can negotiate discounts with health-care providers who will then have less competition for patients within the network.
    • Insurers are betting that consumers who buy plans on the exchanges will be willing to trade some choice and flexibility in order to get cheaper premiums.
    • The backlash is that consumers will generally have to pay the cost out of his own pocket if they want to see physicians outside the system.
  • Jul. 30, 2013, 7:19 AM
    • Net profit +17% to $536M, boosted by the closure of Aetna's (AET) $6.9B acquisition of Coventry Health Care in May.
    • Medical membership +21% to nearly 22M people, including 3.7M from Coventry
    • Books $101.3M in charges related to the Coventry deal.
    • Now expects 2013 adjusted EPS of $5.80-5.90 per share, up from previous guidance of $5.70-5.85 and vs consensus of $5.80. (PR)
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  • Jul. 30, 2013, 6:02 AM
    • Aetna (AET): FQ1 EPS of $1.52 beats by $0.12.
    • Revenue of $11.56B (+31% Y/Y) misses by $0.46B. (PR)
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  • Jul. 30, 2013, 12:05 AM
  • Jul. 29, 2013, 5:30 PM
  • Jul. 23, 2013, 8:41 AM
    Stifel starts Aetna (AET) at Buy and sets an $80 price target, representing a 23% upside from Monday's close.
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  • Jul. 16, 2013, 2:39 PM
    It's all about management's commentary on EPS growth for managed care stocks, Deutsche's Scott Fidel says, noting that investors are already "expecting strong quarterly results based on continued subdued health care utilization trends." Watch the "tone" on the CCs for hints about the prospects for earnings in 2014 and "key revenue and margin drivers," Fidel adds. Price targets are hiked for Aetna (AET -1.8%), Cigna (CI -1.5%), Magellan Health (MGLN -0.3%), Health Net (HNT -1.1%), UnitedHealth (UNH -1.2%), WellPoint (WLP -0.4%), Humana (HUM +0.1%), Universal American (UAM -0.8%), Centene (CNC +0.6%) Molina (MOH +0.7%), WellCare Health Plans (WCG +1.1%), eHealth (EHTH -3%), and Healthways (HWAY -1.9%).
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  • Jul. 11, 2013, 9:32 AM
    Aetna (AET) forms a partnership with Swiss Life Holding that will enable the U.S. health insurer to provide products and services to Swiss Life's multinational customers to meet the needs of their U.S. employees, particularly those who work abroad. Under the deal, Swiss Life will offer Aetna's group term life insurance coverage, short- and long-term disability coverage, and short-term international health coverage for business travelers. (PR)
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  • Jul. 3, 2013, 8:41 AM
    Some health insurers are suffering moderate losses premarket following the government's decision to delay a rule that requires companies with more than 50 workers to provide health coverage, although many appear to be untraded at the moment. Aetna (AET) -1.1%, UnitedHealth (UNH) -1.2% and Humana (HUM) -0.3%.
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  • Jun. 15, 2013, 3:34 PM
    Aetna (AET) informs California's insurance regulator that as of the end of 2013 the company will no longer offer individual health policies in the state. AET will still cover employers and Medicare beneficiaries and says only 49K out of 1.5M policyholders in California will be affected.
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Company Description
Aetna Inc. is a health care benefit company, which offers traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans.
Sector: Healthcare
Country: United States