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Aetna Inc (AET.N)

AET.N on New York Stock Exchange

120.46USD
22 Jul 2016
Change (% chg)

$2.16 (+1.83%)
Prev Close
$118.30
Open
$118.80
Day's High
$121.27
Day's Low
$117.72
Volume
1,156,117
Avg. Vol
682,543
52-wk High
$125.47
52-wk Low
$92.42

Latest Key Developments (Source: Significant Developments)

S&P says Aetna and Humana placed on creditwatch following U.S. DOJ announcement
Thursday, 21 Jul 2016 07:12pm EDT 

S&P on Aetna and Humana: Intend to resolve the creditwatch placements after we evaluate additional details surrounding the suit and assess potential courses of action . Aetna Inc., Humana Inc. and core subsidiaries ratings placed on creditwatch following U.S. department. Of justice announcement Source (http://bit.ly/29XoZD7) (Reporting by Parikshit Mishra) ((Parikshit.Mishra@thomsonreuters.com; +91 80 6749 6026;)).  Full Article

Aetna CEO Bertolini says "we are willing to take this all the way to the very end" - CNBC
Thursday, 21 Jul 2016 12:47pm EDT 

: Aetna Inc CEO Mark Bertolini - We think the remedies we propose were appropriate - CNBC . Aetna Inc CEO Mark Bertolini - "We are willing to take this all the way to the very end" - CNBC . Aetna CEO - If we can't come to negotiation on what markets to divest...willing to let judge decide whether medicare advantage ,medicare fee for service compete - CNBC Further company coverage: [AET.N HUM.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Humana increases FY 2016 earnings guidance
Thursday, 21 Jul 2016 11:57am EDT 

Humana Inc : Humana increases earnings guidance . Sees Q2 2016 adjusted earnings per share about $2.28 . Sees FY 2016 adjusted earnings per share at least $9.25 . says updated guidance for FY16 adjusted eps of at least $9.25 compares to its previous guidance for FY16 adjusted eps of at least $8.85 . Higher guidance due to better-than-expected performance YTD for individual medicare advantage and healthcare services businesses . "Individual business remains very challenging" . Experiencing better-than-expected performance across several of its businesses resulting in an increase in its FY16 earnings guidance for these businesses . sees Q2 gaap earnings per share $2.03 . Due to pending transaction with Aetna, company is not planning to host a conference call in conjunction with Q2 earnings release . Says expects 2017 premiums associated with ACA-compliant offerings in range of $750 million to $1 billion . Notified relevant departments of insurance of intent to discontinue certain on-exchange individual products across various geographies for 2017 . Guidance for FY16 adjusted to reflect lower projected tax rate, raising co's eps guidance by approximately $0.12 per diluted common share . Together with Aetna, company intends to "vigorously defend" Aetna transaction in response to DOJ lawsuit.  Full Article

U.S. files antitrust lawsuit vs Aetna, Humana
Thursday, 21 Jul 2016 10:19am EDT 

: U.S. files antitrust lawsuit to block Aetna Inc Humana Inc deal -- court records . Lawsuit filed in federal court in Washington, d.c.; complaint not immediately available online.  Full Article

Aetna and Humana to defend their pending transaction
Thursday, 21 Jul 2016 10:19am EDT 

: Aetna and Humana to defend their pending transaction .Plans to "vigorously defend" Aetna-Humana pending merger in response to U.S. DOJ lawsuit seeking to block transaction.  Full Article

Aetna ready to defend its deal if sued - CNBC
Wednesday, 20 Jul 2016 12:50pm EDT 

: Aetna Ready To Defend Its Deal If Sued, Has Divestitures In Place - CNBC, citing source Further company coverage: [AET.N HUM.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

U.S. said poised to sue to block Anthem, Aetna mergers - Bloomberg
Tuesday, 19 Jul 2016 10:42am EDT 

: U.S. said poised to sue to block Anthem, Aetna mergers - Bloomberg . While the companies may offer to sell assets to gain approval for the deals, that's unlikely to sway antitrust officials - Bloomberg .While the companies may offer to sell assets to gain approval for the deals, that's unlikely to sway antitrust officials - Bloomberg.  Full Article

Aetna, Gateway Health announce product-based Accountable Care Organization agreement
Wednesday, 13 Jul 2016 01:14pm EDT 

Aetna Inc : Aetna Inc and Gateway Health today announced a commercial, product-based Accountable Care Organization (ACO) agreement .New commercial health care plan will be available for large-group, small-group customers for an effective date of January 1, 2017.  Full Article

Aetna, Humana delivered written notice to each other to extend "end date" with respect to merger from June 30-Dec 31
Friday, 24 Jun 2016 04:53pm EDT 

Aetna Inc :Co, Humana delivered written notice to each other to extend "end date" with respect to merger from June 30, 2016 to Dec 31, 2016 - sec filing.  Full Article

Aetna says continues to expect to complete Humana deal in 2nd half of 2016
Tuesday, 7 Jun 2016 04:16pm EDT 

Aetna Inc : Reaffirm full-year 2016 operating earnings per share projection of $7.90 to $8.10 . Continue to expect to complete proposed acquisition of humana inc. In second half of 2016 .Fy2016 earnings per share view $8.03 -- Thomson Reuters I/B/E/S.  Full Article

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Cooling wages for U.S. healthcare workers dim inflation outlook

WASHINGTON Rising wages for U.S. healthcare workers had helped to drive a modest acceleration of inflation over the past year, but these gains in earnings have slowed, which could make it harder for the Federal Reserve to achieve its inflation target.