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Aetna, Inc. (AET)

- NYSE
  • Nov. 5, 2013, 9:26 AM
    • Monness Crespi is out with downgrades for health insurers.
    • Aetna (AET), Cigna (CI), WellPoint (WLP), UnitedHealth (UNH), and Humana (HUM) are all cut to Neutral from Buy.
    • Most of the names are trading fairly close to their respective 52-week highs.
    • % below 52-week highs as of Monday's close: WLP -3.5%, AET -8%, CI -6%, UNH -9%, HUM -5.7%
    | Nov. 5, 2013, 9:26 AM | Comment!
  • Oct. 29, 2013, 7:12 AM
    • Aetna's (AET) net profit rose to $518.6M from $499.2M.
    • Earnings include $0.09 per share of integration-related costs and $0.03 per share of net realized capital losses.
    • Operating revenues of $13B are up 46% on year, boosted by the acquisition of Coventry Health Care and growth in Aetna's underlying Medicare membership.
    • Total medical benefit ratio, or the proportion of premiums used to pay patient medical costs, rose to 83.1% from 80.7% a year earlier and 82.5% in in FQ1.
    • Added 200,000 members in the quarter to take to total to 22.2M.
    • Reiterates FY 2013 operating EPS guidance of $5.80-5.90 vs consensus of $5.89. (Previous) (PR)
    | Oct. 29, 2013, 7:12 AM | 1 Comment
  • Oct. 29, 2013, 6:01 AM
    • Aetna (AET): FQ2 EPS of $1.50 misses by $0.02.
    • Revenue of $13B beats by $0.11B. (PR)
    | Oct. 29, 2013, 6:01 AM | Comment!
  • Oct. 29, 2013, 12:05 AM
  • Oct. 28, 2013, 5:30 PM
  • Oct. 28, 2013, 5:12 AM
    • The Affordable Care Act appears to have so far proved beneficial to investors in health insurers.
    • Over the past year, the share prices of the five top firms in the sector — Aetna (AET), WellPoint (WLP), UnitedHealth Group (UNH), Humana (HUM) and Cigna (CI) — have increased an average of 32%, well above the S&P 500's rise of 24%.
    • Health insurers predict that their earnings will rise after Obamacare is fully in effect, as they expect to gain more customers from people being forced to buy coverage. This is seen offsetting the cost of increased regulations. A fall in healthcare costs has also helped the sector.
    | Oct. 28, 2013, 5:12 AM | Comment!
  • Oct. 18, 2013, 4:36 AM
    • The technology problems afflicting the roll-out of health-insurance exchanges seem to be even worse than thought, with insurers saying that the marketplaces are generating incorrect information.
    • "Errors include duplicate enrollments, spouses reported as children, missing data fields and suspect eligibility determinations," the WSJ writes.
    • The problems are damaging the ability of insurers to process even the small numbers of people who have signed up. "The longer this takes to resolve...the harder it will be to get people to (come back and) sign up," said Aetna (AET) CEO Mark Bertolini.
    • Other firms that could be affected include UnitedHealth (UNH), WellPoint (WLP), Humana (HUM) and Molina Healthcare (MOH).
    • The IT contractors involved include IBM (IBM), Infosys (INFY) and CGI Group (GIB).
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Oct. 18, 2013, 4:36 AM | 11 Comments
  • Oct. 17, 2013, 1:28 PM
    • Investors aren't satisfied with UnitedHealth's (UNH -4.9%) quarter, as the stock is notably lower on heavy volume.
    • Although the company matched Street estimates, profit ticked up only slightly Y/Y and the company's FY EPS guidance of $5.40-5.50 is still below consensus estimates.
    • Also lower on the day: WLP -1.4%, HUM -3.4%, AET -1.9%
    • Earnings
    | Oct. 17, 2013, 1:28 PM | 1 Comment
  • 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.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Oct. 2, 2013, 4:07 AM | 2 Comments
  • 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.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Oct. 1, 2013, 3:50 AM | 1 Comment
  • 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.
    | Sep. 27, 2013, 2:01 PM | Comment!
  • 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.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Sep. 25, 2013, 3:08 AM | 8 Comments
  • Sep. 13, 2013, 9:03 AM
    • Aetna (AET) ticks 1.2% higher before the bell.
    • BofA upgrades the shares to Buy from Neutral.
    | Sep. 13, 2013, 9:03 AM | Comment!
  • 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. 28, 2013, 10:19 AM | 2 Comments
  • 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.
    | Aug. 15, 2013, 3:22 PM | 6 Comments
  • 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)
    | Jul. 30, 2013, 7:19 AM | Comment!
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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