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Aetna Inc (AET)

AET on New York Consolidated

115.74USD
27 Sep 2016
Change (% chg)

$0.81 (+0.70%)
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Latest Key Developments (Source: Significant Developments)

Aetna expects to reaffirm FY 2016 net income per share projection of $6.28 to $6.48
Monday, 12 Sep 2016 04:52pm EDT 

Aetna Inc : Expect to reaffirm our full-year 2016 net income per share projection of $6.28 to $6.48 . Expect to reaffirm full-year 2016 operating earnings per share projection of $7.90 to $8.10 . Fy2016 earnings per share view $8.05 -- Thomson Reuters I/B/E/S . Will experience net realized capital gains or net realized capital losses during portion of 2016 following June 30, 2016 . Cannot project amount of such future gains or losses during portion of 2016 following June 30, 2016 .Aetna has assumed no net realized capital gains or losses after June 30, 2016 for purposes of projecting net income and net income per share.  Full Article

Aetna, Piedmont Healthcare announce new contract
Tuesday, 6 Sep 2016 08:30am EDT 

Aetna Inc : Aetna and Piedmont Healthcare announce new contract .Agreement will give Aetna members continued in-network access to all piedmont facilities.  Full Article

Aetna says offering additional resources to members affected by recent floods in Louisiana
Wednesday, 17 Aug 2016 11:35am EDT 

: Aetna inc says also is extending claim and appeal filing times .Aetna inc says offering additional resources to members who have been affected by recent floods in louisiana.  Full Article

Molina says Aetna or Humana may pay to co fee of $50 mln, if deal is terminated on or prior to Dec 31
Friday, 5 Aug 2016 05:33pm EDT 

Molina Healthcare : In case of termination of asset purchase deal on or prior to dec 31, , aetna,or humana to pay to co termination fee of $50 million .If deal is terminated on or after jan 1, 2017 but prior to july 1, 2017,aetna and or humana to pay to co termination fee of $100 million.  Full Article

Aetna expands Accountable Care collaboration with Duke Health and Wakemed Health & Hospitals
Wednesday, 3 Aug 2016 11:15am EDT 

Aetna Inc: Aetna Inc says expanded accountable care collaboration with Duke Health and Wakemed Health & Hospitals .ACO will now be offered to self-funded employers.  Full Article

Humana qtrly GAAP earnings per share $2.06
Wednesday, 3 Aug 2016 06:55am EDT 

Humana Inc : Humana reports second quarter 2016 financial results; reaffirms recent 2016 financial guidance increase . Consolidated revenues (including investment income) for 2q 2016 were $14.01 billion, an increase of 2 percent 2q 2015 . 2Q 2016 consolidated benefit ratio of 84.3 percent decreased by 90 basis points from 85.2 percent for 2q 2015 . Company has agreed with Aetna that its quarterly dividend will not exceed $0.29 per share prior to closing transaction . Qtrly adjusted earnings per share $2.30 . Expects 2017 geographic presence for individual commercial offerings to cover no more than 156 counties, down from 1,351 counties in 2016 . To maintain individual commercial on-exchange coverage options in markets where it expects to offer stable individual commercial health plan . Individual Medicare advantage membership was 2.8 million as of june 30, 2016, an increase of 4 percent, from june 30, 2015 . Individual medicare advantage membership was 2,816,500 as of june 30, 2016, an increase of 107,200, or 4 percent . Group medicare advantage membership was 351,700 as of June 30, 2016, a decrease of 121,400, or 26 percent . "challenges in our individual commercial business remain" . Ability and intent to continue its quarterly dividend policy is not impacted by pending transaction with Aetna . Together with Aetna, company intends to defend deal in response to lawsuit . Qtrly GAAP earnings per share $2.06.  Full Article

Molina Healthcare to acquire certain medicare assets from Aetna and Humana
Tuesday, 2 Aug 2016 06:30am EDT 

Molina Healthcare Inc : Transactions expected to be immediately accretive to earnings following close . Expects to fund transactions with available cash, but has also received a debt commitment letter .Molina Healthcare to acquire certain medicare advantage assets from Aetna and Humana.  Full Article

Aetna and Humana agree to sell certain assets to Molina Healthcare
Tuesday, 2 Aug 2016 06:15am EDT 

Aetna Inc : Aetna Inc says deal valued at $117 million . Transactions contingent on successful closing of Aetna-Humana transaction . Deal for a total estimated $117 million in cash for both transactions . Companies remain committed to defending their pending transaction against a u.s. Department of justice lawsuit seeking to block it . Believe divestitures taken together would address Department Of Justice's perceived "competitive concerns" regarding medicare advantage . Aetna and Humana agree to sell certain medicare advantage assets to Molina Healthcare Inc .As a result of transactions, Molina is expected to gain approximately 290,000 medicare advantage members in 21 states.  Full Article

Aetna Q2 operating EPS $2.21
Tuesday, 2 Aug 2016 06:00am EDT 

Aetna Inc: Q2 revenue $16 billion versus I/B/E/S view $15.69 billion . Quarter 2016 results . Reaffirms FY 2016 operating earnings per share view $7.90 to $8.10 . Q2 earnings per share $2.23 . Q2 earnings per share view $2.12 -- Thomson Reuters I/B/E/S . Aetna projects full-year 2016 net income per share of $6.28 to $6.48 . Projects full-year 2016 net income per share of $6.28 to $6.48 . FY2016 earnings per share view $8.05 -- Thomson Reuters I/B/E/S . Qtrly health care medical benefit ratio 82.4% versus 81.1% . Medical membership totaled approximately 23.0 million at june 30, 2016 . "continue to expect strong operating performance for remainder of 2016" .To withdraw all 2017 public exchange expansion plans, undertaking evaluation of future participation in current 15-state footprint.  Full Article

Moody's affirms Aetna's and Humana's ratings
Wednesday, 27 Jul 2016 04:31pm EDT 

Aetna [AET.N] Humana [HUM.N] : Moody's affirms aetna's ratings, humana's ratings remain on review following doj lawsuit . The outlook on aetna and its subsidiaries remains stable. .Ratings reflect that there remains reasonable probability that merger will ultimately be approved despite doj lawsuit.  Full Article

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Aetna to offer Apple Watch at a discount to certain customers

U.S. health insurer Aetna Inc said it would offer some customers discounts on Apple Inc's smartwatch, marking the first deal made by the tech giant with an insurer for its devices.